| Wed 10 Nov 2010, 8:13 | | ANG - AngloGold Ashanti - Anglogold Ashanti realises c$70m from sale of B2Gold |
|
ANG
ANANO
ANG - AngloGold Ashanti - Anglogold Ashanti realises c$70m from sale of B2Gold
shares
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 REALISES C$70M FROM SALE OF B2GOLD SHARES
AngloGold Ashanti Limited, through its wholly owned offshore subsidiary, has
realised net proceeds of C$70m from the sale of its entire holding of 31,556,650
shares in Vancouver-based gold producer B2Gold Corporation. This stake,
equivalent to about 10.17% of B2Gold`s outstanding shares, was sold yesterday in
an orderly fashion, after the markets closed.
Proceeds from the sale will be used to fund AngloGold Ashanti`s exploration
activities in Colombia, including the Gramalote project and pending such use, to
reduce borrowings. AngloGold Ashanti remains fully committed to its Gramalote
joint venture with B2Gold, in which AngloGold Ashanti owns 51% and B2Gold owns
49%.
ENDS
10 November 2010
JSE Sponsor - UBS
Contacts
Tel: E-mail:
Alan Fine (Media) +27 11 637 6383 afine@AngloGoldAshanti.com
Stewart Bailey(Investor) +1 2128364303 sbailey@anglogoldashanti.com
or +27 82 330 9628
Certain statements made in this communication, 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 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, the completion of announced mergers and acquisitions transactions,
AngloGold Ashanti`s liquidity and capital resources, and expenditure and the
outcome and consequences of any litigation proceedings or environmental issues,
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 including environmental approvals and actions, fluctuations
in gold prices and exchange rates, and business and operational risk management.
For a discussion of certain of these factors, refer to AngloGold Ashanti`s
annual report for the year ended 31 December 2009, which was distributed to
shareholders on 30 March 2010. The company`s annual report on Form 20-F, was
filed with the Securities and Exchange Commission in the United States on April
19, 2010 and as amended on May 18, 2010. 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: 10/11/2010 08:13:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
