| Mon 15 Dec 2008, 14:55 | | ANG - Anglogold Ashanti Acquires SAO Bento Gold Limited |
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ANG
ANANO
ANG - Anglogold Ashanti Acquires SAO Bento Gold Limited
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")
ANGLOGOLD ASHANTI ACQUIRES SAO BENTO GOLD LIMITED
Further to its announcement of 31 July 2008, AngloGold Ashanti is pleased to
announce that it has today completed the purchase of Sao Bento Gold Company
Limited ("SBG") and its wholly-owned subsidiary, Sao Bento Mineracao S.A.
("SBMSA") from Eldorado Gold Corporation ("Eldorado") for a consideration of
US$70 million. The purchase price was settled through the issuance of 2,701,660
AngloGold Ashanti shares.
The purchase of SBG and SBMSA gives AngloGold Ashanti access to the Sao Bento
mine, a gold operation located in the immediate vicinity of AngloGold Ashanti`s
proposed Corrego do Sitio mine, located in the municipality of Santa Barbara,
Iron Quadrangle region of Minas Gerais State, Brazil. The acquisition of the
Sao Bento mine provides AngloGold Ashanti with the potential to double the scale
of the proposed Corrego do Sitio mine, which once developed will significantly
enhance AngloGold Ashanti`s Brazilian asset base.
ENDS
15 December 2008
JSE Sponsor - UB
Queries
South Africa
Himesh Persotam (Investor Relations) Tel: +27(0)11637-6647
Mobile: +27(0)82 339 3890 E-mail:hpersotam@AngloGoldAshanti.com
Alan Fine (Media) Tel:+27(0)11 637-6383 Mobile:+27(0)83 250 0757
E-mail:afine@AngloGoldAshanti.com
Joanne Jones (Media) Tel:+27(0)11 637- 6813 Mobile:+27(0)82 896 0306
E-mail:jjones@AngloGoldAshanti.com
Certain statements made in this communication, including, without limitation,
those concerning AngloGold Ashanti`s strategy to reduce its gold hedging
position including the extent and effects of the reduction, the economic outlook
for the gold mining industry, expectations regarding gold prices, production,
cash costs and other operating results, growth prospects and outlook of
AngloGold Ashanti`s operations, individually or in the aggregate, including the
completion and commencement of commercial operations of certain of AngloGold
Ashanti`s exploration and production projects and completion of acquisitions and
dispositions, AngloGold Ashanti`s liquidity and capital resources, including its
intentions and ability to refinance its $1 billion convertible bond, and
expenditure and the outcome and consequences of any pending litigation
proceedings, 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 2007,
which was distributed to shareholders on 31 March 2008, and report to
shareholders for the quarter and nine months ended 30 September 2008, which was
distributed to shareholders on 30 October 2008. 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. All subsequent written or oral forward-
looking statements attributable to AngloGold Ashanti or any person acting on its
behalf are qualified by the cautionary statements herein.
AngloGold Ashanti posts information that is important to investors on the main
page of its website at www.anglogoldashanti.com and under the "Investors" tab on
the main page. This information is updated regularly. Investors should visit
this website to obtain important information about AngloGold Ashanti.
Date: 15/12/2008 14:55:20 Produced by the JSE SENS Department.
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