| Tue 14 Jul 2009, 8:00 | | ANG - AngloGold Ashanti Limited - Anglogold Ashanti resumes exports of Gold From |
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ANANO
ANG - AngloGold Ashanti Limited - Anglogold Ashanti resumes exports of Gold From
Siguiri
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 RESUMES EXPORTS OF GOLD FROM SIGUIRI
Following good progress in discussions with the Government of Guinea in recent
weeks, a temporary embargo on the export of gold was lifted at the end of June,
allowing a month`s worth of production to be shipped from the country during the
first week of July.Production at the Siguiri mine was uninterrupted during the
period of the imposed gold export embargo.
The ongoing talks with the Government of Guinea centre on the nature and
protocols of an environmental fund related to AngloGold Ashanti`s existing US$35
million provision for environmental rehabilitation of the Siguiri mine.The
Company has agreed to the advanced payment of US$10 million to the Government of
its existing provision, subject to an undertaking from the Government that the
funds be used solely for the environmental rehabilitation of the Siguiri mine
and that the payment be offset against the balance of AngloGold Ashanti`s future
environmental liabilities.
Siguiri produced 333,000 ounces of gold in the course of 2008 and 88,000 ounces
in the first quarter of 2009, approximately 7% of group production. The
Government of Guinea is a 15% shareholder in the operation.
ENDS
14 July 2009
JSE Sponsor - UBS
Contacts
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, 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 2008,
which was distributed to shareholders on 27 March 2009 and the company`s annual
report on Form 20-F, filed with the Securities and Exchange Commission in the
United States on May 5, 2009 as amended on May 6, 2009. 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.anglgoldashanti.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: 14/07/2009 08:00:05 Produced by the JSE SENS Department.
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