| Fri 8 Jun 2007, 14:29 | | ANG - AngloGold Ashanti - Anglogold Ashanti announ |
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ANG
ANANO
ANG - AngloGold Ashanti - Anglogold Ashanti announces sale of assets from Ergo
to Mintails/DRD joint venture
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number: ZAE000043485
JSE Share Code: ANG
("AngloGold Ashanti/Company")
8 June 2007
ANGLOGOLD ASHANTI ANNOUNCES SALE OF ASSETS FROM ERGO TO MINTAILS/DRD JOINT
VENTURE
AngloGold Ashanti Limited has sold to a consortium of Mintails South Africa
(Pty) Limited / DRD South African Operations (Pty) Limited Joint Venture most of
the remaining moveable and immovable assets of Ergo, the surface reclamation
operation east of Johannesburg, discontinued in March 2005. The site is
currently being rehabilitated by AngloGold Ashanti. The assets and associated
liabilities were sold for R42,800,000. The Joint Venture will operate, for its
own account, under the AngloGold Ashanti authorisations until new order mining
rights have been obtained and transferred to the Joint Venture.
A specific exclusion from the sale to the JV is the Brakpan Tailings Storage
Facility which will continue to be rehabilitated by AngloGold Ashanti.
ENDS
Queries
South Africa Tel: Mobile:
Steve Lenahan +27 (0) 11 637 6248 +27 (0) 83 308 2200
E-mail: slenahan@AngloGoldAshanti.com
Alan Fine +27 (0) 11 637 6383 +27 (0) 83 250 0757
E-mail: afine@AngloGoldAshanti.com
Disclaimer
Certain statements made during this presentation, including, without limitation,
those concerning the economic outlook for the gold mining industry, expectations
regarding gold prices, production, cash costs and other operating results,
growth prospects and the outlook of AngloGold Ashanti`s operations including the
completion and commencement of commercial operations of certain of AngloGold
Ashanti`s exploration and production projects, and its liquidity and capital
resources and expenditure, contain certain forward-looking statements regarding
AngloGold Ashanti`s operations, economic performance and financial condition.
Although AngloGold Ashanti believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. Accordingly, results could differ
materially from those set out in the forward-looking statements as a result of,
among other factors, changes in economic and market conditions, success of
business and operating initiatives, changes in the regulatory environment and
other government actions, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of such factors,
refer to AngloGold Ashanti`s annual report for the year ended 31 December 2006,
which was distributed to shareholders on 29 March 2007. AngloGold Ashanti
undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after today`s date
or to reflect the occurrence of unanticipated events.
Date: 08/06/2007 14:29:07 Produced by the JSE SENS Department.
