EXHIBIT 19.8

PRINCIPAL SUBSIDIARIES AND OPERATING ENTITIES AS AT 31 DECEMBER



|                                                            |  |                          |    |  |  |      |                  |      |               |                  |  |      |               |  |  |                 |   |  |  |  |       |  |  |  |       | 
|----------------------------------------------------------- |  | ------------------------ | -- |  |  | ---- | ---------------- | ---- | ------------- | ---------------- |  | ---- | ------------- |  |  | --------------- | - |  |  |  | ----- |  |  |  | ----- | 
|                                                            |  | Country of incorporation |    |  |  |      | Shares held
2014 |      |               | Shares held
2013 |  |      | Holding       |  |  | Percentage held |  
|                                                            |  |                          |    |  |  | 2014 |                  |      | 2013          |                 
|Principal subsidiaries and controlled operating entities(1) |  |                          |    |  |  |      |                  |      |               |                  |  |      |               |  |  |                 |   |  |  |  |       |  |  |  |       | 
|AngloGold Ashanti Australia Limited(2)                      |  |                          | 2  |  |  |      |                  |      | 257,462,077   |                  |  |      | 257,462,077   |  |  |                 | I |  |  |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti Holdings plc                              |  |                          | 6  |  |  |      |                  |      | 5,219,748,514 |                  |  |      | 5,105,738,016 |  |  |                 | D |  |  |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti USA Incorporated                          |  |                          | 12 |  |  | }    |                  |      | 237           |                  |  |      | 237           |  |  |                 | D |  |  |  | 100   |  |  |  | 100   | 
|                                                            |  |                          |    |  |  |      |                  | *500 |               |                  |  | *500 |               |  |  | D               |   |  |  |  |       |  |  |  |      
|AngloGold Ashanti Córrego do Sítio Mineração
S.A.           |  |                          | 3  |  |  |      |                  |      | 4,167,084,999 |                  |  |      | 4,167,084,999 |  |  |                 | I |  |  |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti (Ghana) Limited(3)                        |  |                          | 4  |  |  |      |                  |      | 132,419,584   |                  |  |      | 132,419,584   |  |  |                 | I |  |  |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti (Iduapriem) Limited                       |  |                          | 4  |  |  |      |                  |      | 66,270        |                  |  |      | 66,270        |  |  |                 | I |  |  |  | 100   |  |  |  | 100   | 
|AngloGold Namibia (Pty) Limited(4)                          |  |                          | 9  |  |  |      |                  |      | -             |                  |  |      | 10,000        |  |  |                 | D |  |  |  | -     |  |  |  | 100   | 
|Cerro Vanguardia S.A.                                       |  |                          | 1  |  |  |      |                  |      | 13,875,000    |                  |  |      | 13,875,000    |  |  |                 | I |  |  |  | 92.50 |  |  |  | 92.50 | 
|AngloGold Ashanti (Colorado) Corp(5)                        |  |                          | 11 |  |  |      |                  |      | 1,250         |                  |  |      | 1,250         |  |  |                 | I |  |  |  |       |  |  |  | 100   | 
|Geita Gold Mining Limited                                   |  |                          | 10 |  |  |      |                  |      | 123,382,772   |                  |  |      | 123,382,772   |  |  |                 | I |  |  |  | 100   |  |  |  | 100   | 
|Mineração Serra Grande S.A.                                 |  |                          | 3  |  |  |      |                  |      | 1,999,999     |                  |  |      | 1,999,999     |  |  |                 | I |  |  |  | 100   |  |  |  | 100   | 
|Societé AngloGold Ashanti de Guinée S.A.                    |  |                          | 5  |  |  |      |                  |      | 3,486,134     |                  |  |      | 3,486,134     |  |  |                 | I |  |  |  | 85    |  |  |  | 85    | 
|                                                            |  |                          |    |  |  |      |                 
|                                                            |  |                          |    |  |  |      |                  |      |               |                  |  |      |               |  |  |                 |   |  |  |  |       |  |  |  |       | 
|Joint venture operating entities                            |  |                          |    |  |  |      |                  |      |               |                  |  |      |               |  |  |                 |   |  |  |  |       |  |  |  |       | 
|Kibali (Jersey) Limited(6)                                  |  |                          | 7  |  |  |      |                  |      | 2,310         |                  |  |      | 2,214         |  |  |                 | I |  |  |  | 50    |  |  |  | 50    | 
|Société des Mines de Morila S.A.                            |  |                          | 8  |  |  |      |                  |      | 400           |                  |  |      | 400           |  |  |                 | I |  |  |  | 40    |  |  |  | 40    | 
|Société dExploitation des Mines dOr de Sadiola
S.A.       |  |                          | 8  |  |  |      |                  |      | 41,000        |                  |  |      | 41,000        |  |  |                 | I |  |  |  | 41    |  |  |  | 41    | 
|Société dExploitation des Mines dOr de Yatela
S.A.        |  |                          | 8  |  |  |      |                  |      | 400           |                  |  |      | 400           |  |  |                 | I |  |  |  | 40    |  |  |  | 40    | 

Principal subsidiaries are those subsidiaries that hold material contracts and/or act as borrowers and/or
guarantors of such material contracts.



|* | Indicates preference shares
|- | ---------------------------

D  Direct Holding

I  Indirect Holding



|(1) | All the operations in South Africa, namely, Mine Waste Solutions, Great Noligwa, Kopanang, Moab Khotsong, Mponeng and TauTona are all held by the parent
company, AngloGold Ashanti Limited.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Operates the Sunrise Dam Gold Mine and the Tropicana joint venture in Australia.
|--- | --------------------------------------------------------------------------------

|(3) | Operates the Obuasi mine in Ghana.
|--- | ----------------------------------

|(4) | The company was sold in June 2014.
|--- | ----------------------------------

|(5) | Operates the Cripple Creek & Victor gold mine.
|--- | ----------------------------------------------

|(6) | Owner of Kibali Gold Mines S.A. DRC which operates the Kibali mine in the Democratic Republic of the Congo.
|--- | -----------------------------------------------------------------------------------------------------------



|                     |  |    |  |                         
|-------------------- |  | -- |  | ------------------------
|1 Argentina          |  | 7  |  | Jersey                  
|2 Australia          |  | 8  |  | Mali                    
|3 Brazil             |  | 9  |  | Namibia                 
|4 Ghana              |  | 10 |  | Tanzania                
|5 Republic of Guinea |  | 11 |  | United States of America
|6 Isle of Man        |  |    |  |                         



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