Group notes to the financial statements

6 Operating special items

2008	2009	Figures in million	2009	2008
SA Rands			US Dollars
(198)	219	Indirect tax expenses (reimbursement) ⁽¹⁾	29	(22)
14,792	(5,115)	Net (reversals) impairments of tangible assets (notes 14, 16 and 25)	(683)	1,493
(381)	(420)	Net profit on disposal and abandonment of land, mineral rights, tangible assets and (note 14) ⁽²⁾	(49)	(52)
–	95	Loss on consignment stock	12	–
–	66	Impairment of Pamodzi Gold debtor	7	–
–	(54)	Insurance claim recovery	(7)	–
1,080	–	Impairment of goodwill (notes 14 and 17)	–	109
76	–	ESOP costs resulting from rights offer (note 11)	–	9
42	–	Impairment of investments (notes 14 and 19 ⁽³⁾)	–	6
26	–	Siguiri royalty payment calculation dispute with the Guinean Administration	–	3
10	–	Contractor termination costs at Iduapriem	–	1
(14)	–	Profit on disposal of investment in Nufcor International Limited (note 14) ⁽⁴⁾	–	(2)
(19)	–	Nufcor Uranium Trust contributions by (note 14)	–	(3)
(35)	–	Recovery of exploration costs	–	(4)
15,379	(5,209)		(691)	1,538

⁽¹⁾ Indirect tax expenses (reimbursement) include the following:

provision for non-recovery of $25m, R183m VAT and fuel duties in Tanzania during 2009. Reversal of provision of $15m, R135m during 2008 following a re-assessment by the Tanzanian Revenue Authority of VAT claimed on the difference between fuel invoiced at the contract rate against the prevailing market rate;
reversal of provision of $6m, R56m during 2008 following an agreement with the Guinea Revenue Authority on withholding tax; and
net provision for non-recovery of other indirect tax of $4m, R36m during 2009 (2008: reversal $1m, R7m).

⁽²⁾The net profit on disposal and abandonment of land, mineral rights, tangible assets and exploration properties includes amongst others the following:

on 26 June 2009 AngloGold Ashanti Limited concluded the sale of its indirect 33.3% joint venture interest in the Boddington Gold Mine in Western Australia to Newmont Mining Corporation resulting in a profit on disposal of $62m, R523m;
in February 2008, certain North American royalty and production related payment interests of the EI Chante and Marigold projects were sold to Royal Gold resulting in a profit of $14m, R110m;
on 16 May 2008, AngloGold Ashanti Limited announced that it had completed the transaction with B2Gold Corporation in which B2Gold Corporation acquired from AngloGold Ashanti Limited, additional interests in certain mineral properties in Colombia. In exchange, B2Gold Corporation issued to AngloGold Ashanti Limited, 25m common shares and 21.4m common share purchase warrants in B2Gold Corporation for a profit of $33m, R225m;
profit from recognition of deferred proceeds during 2008 of $8m, R61m relating to the disposal of the La Rescatada Project situated in South America to Aruntani SAC; and
loss on disposal and abandonment of land, mineral rights, tangible assets and exploration properties amounted to $13m, R102m (2008: $3m, R15m).

⁽³⁾Impairment of Red 5 Limited shares of $4m, R29m and Dynasty Gold Corporation shares of $2m, R13m during 2008.

⁽⁴⁾On 27 June 2008, AngloGold Ashanti Limited sold its 50% interest in Nufcor International Limited, a London-based uranium marketing, trading and advisory business to Constellation Energy Commodities Group for net proceeds of $48m, R382m and realised a profit of $2m, R14m.