EXHIBIT 19.8

PRINCIPAL SUBSIDIARIES AND OPERATING ENTITIES AT 31 DECEMBER 2016



|                                                            |  |  |    |  |             |  |               |      |  |  |                |  |  |      |   |  |      |  |       |  |  |  |       | 
|----------------------------------------------------------- |  |  | -- |  | ----------- |  | ------------- | ---- |  |  | -------------- |  |  | ---- | - |  | ---- |  | ----- |  |  |  | ----- | 
|                                                            |  |  |    |  | Shares held |  |               |      |  |  | Percentageheld | 
|                                                            |  |  |    |  | 2016        |  |               | 2015 |  |  | Holding        |  |  | 2016 |   |  | 2015 | 
|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  |  |             |  | 5,326,550,917 |      |  |  | 5,219,748,514  |  |  |      | D |  |      |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti
USA Incorporated(3)                       |  |  | 10 |  |             |  | 237           |      |  |  | 237            |  |  |      | D |  |      |  | 100   |  |  |  | 100   | 
|                                                            |  |  |    |  |             |  | -             |      |  |  | *500           |  |  |      | D |  |      |  |       |  |  |  |       | 
|Operating
entities                                          |  |  |    |  |             |  |               |      |  |  |                |  |  |      |   |  |      |  |       |  |  |  |       | 
|AngloGold Ashanti
Córrego do Sítío Mineração S.A.           |  |  | 3  |  |             |  | 4,167,084,999 |      |  |  | 4,167,084,999  |  |  |      | I |  |      |  | 100   |  |  |  | 100   | 
|AngloGold Ashanti
(Ghana) Limited(4)                        |  |  | 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 | 
|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    | 
|Unincorporated
joint venture                                |  |  |    |  |             |  |               |      |  |  |                |  |  |      |   |  |      |  |       |  |  |  |       | 
|Tropicana joint
venture                                     |  |  | 2  |  |             |  | n/a           |      |  |  | n/a            |  |  |      | I |  |      |  | 70    |  |  |  | 70    | 



|* | 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 all held by the parent company, AngloGold
Ashanti Limited.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

|(3) | All issued and outstanding 8% cumulative stock redeemed by AngloGold Ashanti USA Incorporated, effective 29 July 2016.
|--- | ----------------------------------------------------------------------------------------------------------------------

|(4) | Operates the Obuasi mine in Ghana.
|--- | ----------------------------------

|(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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