EXHIBIT 4.125
 
 Fifth Addendum
 Memorandum of Agreement
  ANGLOGOLD ASHANTI LIMITED
  (a company duly incorporated in accordance with the company laws of the Republic ofSouth Africa with limited liability, herein represented by Robert Louis Lazare, he beingduly authorised hereto under and by virtue of a Delegation of Authority Policy whichwas approved by the Audit and Corporate Governance Committee of the board ofdirectors of the company passed at Johannesburg on the 24
 th


ERGO MINING (PROPRIETARY) LIMITED
   (a company duly incorporated in accordance with the company laws of the Republic ofSouth Africa with limited liability, herein represented by Diederik Albert Willem van derWalt, in his capacity as a director thereof, he being duly authorised hereto);
   DRDGOLD SOUTH AFRICAN OPERATIONS (PROPRIETARY) LIMITED
  (a company duly incorporated in accordance with the company laws of the Republic ofSouth Africa with limited liability, herein represented by Daniel Pretorius, in hiscapacity as a director thereof, he being duly authorised hereto);
   MINTAILS SOUTH AFRICA (PROPRIETARY) LIMITED
  (a company duly incorporated in accordance with the company laws of the Republic ofSouth Africa with limited liability, herein represented by Diederik Albert Willem van derWalt, in his capacity as a director thereof, he being duly authorised hereto);


Definitions
       FIRST ADDENDUM
  PARTIES
   MAIN
 AGREEMENT
   FIFTH ADDENDUM
  MAIN AGREEMENT
   FOURTH
 ADDENDUM
  PARTIES
  MAIN AGREEMENT


MAIN AGREEMENT
   PARTIES
   FIRST ADDENDUM SECOND
 ADDENDUM
 THIRD ADDENDUM
 FOURTH ADDENDUM
  the definitions contained in the
 aforesaid agreement shall, unless
 inconsistent with the context of the
 FIFTH ADDENDUM , apply mutatis
 mutandis thereto and for ease of
 reference shall be reflected
 throughout the FIFTH ADDENDUM in
 capital italics
   SECOND
 ADDENDUM
  PARTIES
   MAIN
 AGREEMENT


THIRD ADDENDUM
  PARTIES
  MAIN AGREEMENT
   MAIN AGREEMENT mutatis
 mutandis
 2.
 Recordal
   PARTIES MAIN AGREEMENT
   PARTIES FIFTH ADDENDUM
  3.
 FIFTH ADDENDUM
 PARTIES MAIN AGREEMENT
 SIGNATURE DATE


Page 6
 3.1
 ad new clause 8bis - “Rehabilitation Obligations and Guarantees to be
 established therefor”
 By the introduction of a new clause 8bis to read as follows:-
 “
 8bis
 Rehabilitation Obligations and Guarantees to be established
 therefor
 8bis.1
 Pursuant to  NEWCO  ’s obligation to establish a bank
 guarantee in favour of  AGA  in respect of the
 rehabilitation obligations arising out of clause 8.4 of the
 MAIN AGREEMENT  as read with clause 8.4bis of the
 THIRD ADDENDUM ,  NEWCO  has caused the sum of
 ZAR  63 000 000,00 (sixty three million  RAND ) to be paid
 to the  ATTORNEYS  who are currently holding the same
 in trust and in respect  whereof the  ATTORNEYS  have
 been mandated by  NEWCO  to cause a bank guarantee
 to be issued in respect of such sum in favour of  AGA
 .
 8bis.2
 To obviate a demand gurantee, AGAand NEWCO
 have agreed that to facilitate draw downs thereunder,
 the following four tier methodology shall be applicable:-
   in the first instance  : any amount payable
 under the guarantee shall be determined by
 persons at operational level at  AGA  and  NEWCO
 respectively and if agreement is reached, a letter
 addressed to the bank shall then be issued under


their joint signatures (“ first tier”)  ) , and failing
 agreement thereafter;
 
 in the second instance : any amount payable
 under the guarantee shall be determined by Ben
 Wicks or his appointed nominee of AGA and
 Charles Symons or Lloyd Birrell of NEWCO and if
 agreement is reached, a letter shall then be
 issued under their joint signatures (“ second tier ”),
 and failing agreement, thereafter
 
 in the third instance : any amount payable
 under the guarantee shall be determined by the
 Executive Vice-President: Africa or his nominee of
 AGA
 and Dick van der Walt (Chief Executive
 Officer of MINTAILS SA ) or Niel Pretorius (of
 DRD SA
 )  and if agreement is reached, a letter
 shall then be issued under their joint signatures
 (“ third tier
 ”)
 , and failing agreement, thereafter
 
 in the fourth instance : by formal adjudication
 in accordance with the provisions of clause 17 of
 the MAIN AGREEMENT , and a written directive
 shall then be issued by the arbitrator (“ fourth
 tier
 ”).


Page 8
 8bis.3
 The guarantee shall be substantially as set forth in
 Annexe “1”hereto or with such amendments as may be
 determined by  AGA ,  NEWCO  and the bank establishing
 the same.
 In this context it is recorded that  AGA  shall be entitled to levy interest
 on any draw down amount confirmed by letter as provided in 8bis.2supra, calculated at the highest call rate, from time to time, of TheStandard Bank of South Africa Limited (as certified by any seniormanager thereof, whose appointment and authority it shall not benecessary to prove and which certificate shall constitute prima facieproof thereof), from the date of the demand made pursuant to suchletter to date of payment, both days inclusive.
 ”.
 4.
 MAIN AGREEMENT
 The MAIN AGREEMENTas amended by the FIRST ADDENDUM, the SECOND
 ADDENDUM, the THIRD ADDENDUM, the FOURTH ADDENDUMand the FIFTH
 ADDENDUM, shall remain fully binding and effective as between the  PARTIES
 according to the terms and tenor thereof.
 5.
 Counterparts
 The FIFTH ADDENDUMmay be signed in separate counterparts, each of which shall
 be deemed to be an original and all of which taken together shall constitute one and
 the same instrument. A counterpart of the FIFTH ADDENDUMin telefax form shall be


AGA
      NEWCO
        DRD SA


MINTAILS SA