EXHIBIT 19.8

PRINCIPAL SUBSIDIARIES AND OPERATING ENTITIES AT 31 DECEMBER 2015



|                                                            |  |  |    |      |  |   |             |      |               |         |      |      |                 |      |  |   |   |  |  |  |       |  |  |  |       | 
|----------------------------------------------------------- |  |  | -- | ---- |  | - | ----------- | ---- | ------------- | ------- | ---- | ---- | --------------- | ---- |  | - | - |  |  |  | ----- |  |  |  | ----- | 
|                                                            |  |  |    |      |  |   | Shares held |      |               | Holding |      |      | Percentage held |     
|                                                            |  |  |    | 2015 |  |   | 2014        |      |               |         | 2015 |      |                 | 2014 | 
|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 |         |      |      | 5,219,748,514   |      |  |   | D |  |  |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti USA Incorporated                          |  |  | 10 |      |  | } |             |      | 237           |         |      |      | 237             |      |  |   | D |  |  |  | 100   |  |  |  | 100   | 
|                                                            |  |  |    |      |  |   |             | *500 |               |         |      | *500 |                 |      |  | D |   |  |  |  |       |  |  |  |      
|                                                            |  |  |    |      |  |   |             |      |               |         |      |      |                 |      |  |   |   |  |  |  |       |  |  |  |       | 
|Operating entities                                          |  |  |    |      |  |   |             |      |               |         |      |      |                 |      |  |   |   |  |  |  |       |  |  |  |       | 
|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   | 
|Cerro Vanguardia S.A.                                       |  |  | 1  |      |  |   |             |      | 13,875,000    |         |      |      | 13,875,000      |      |  |   | I |  |  |  | 92.50 |  |  |  | 92.50 | 
|AngloGold Ashanti (Colorado) Corp(4)                        |  |  | 10 |      |  |   |             |      | -             |         |      |      | 1,250           |      |  |   | I |  |  |  | -     |  |  |  | 100   | 
|Geita Gold Mining Limited                                   |  |  | 9  |      |  |   |             |      | 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(5)                                  |  |  | 7  |      |  |   |             |      | 2,310         |         |      |      | 2,310           |      |  |   | 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    | 



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

D  Direct Holding

I  Indirect Holding



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

|(2) | Owner of the Sunrise Dam operation and the Tropicana joint venture in Australia.
|--- | --------------------------------------------------------------------------------

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

|(4) | The company was sold with the mining assets, the Cripple Creek & Victor gold mine, effective 3 August 2015.
|--- | -----------------------------------------------------------------------------------------------------------

|(5) | Owner of Kibali Goldmines S.A. which operates the Kibali mine in the Democratic Republic of the Congo.
|--- | ------------------------------------------------------------------------------------------------------



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



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