| Tue 15 Mar 2011, 9:30 | | ANG - Anglogold Ashanti - Sunrise Dam Australia - update |
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ANG
ANANO
ANG - Anglogold Ashanti - Sunrise Dam, Australia - update
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: SUNRISE DAM, AUSTRALIA - UPDATE
AngloGold Ashanti Ltd`s Sunrise Dam Gold Mine, situated 56 kilometres south
of Laverton in Western Australia, has been impacted by unprecedented heavy
rains over the past month.
While open pit mining has now resumed, underground mining remains suspended
for safety reasons, with the expectation that Sunrise Dam will achieve
normal mining rates in the June Quarter.
AngloGold Ashanti is therefore expecting that first quarter guidance of
1.04Moz will be negatively impacted by approximately 20,000 ounces with a
consequential impact on unit total cash costs. The full year production
guidance for the Group of 4.55Mozs to 4.75Mozs remains unchanged.
ENDS
15 March 2011
JSE Sponsor - UBS
Contacts
Tel: E-mail:
Alan Fine (Media) +27 11 637 6383 afine@AngloGoldAshanti.com
MikeBedford (Investor) +27 11636273 mbedford@anglogoldashanti.com
Stewart Bailey (Investor) +1 2128364303 sbailey@anglogoldashanti.com
Andrea Maxey +61 (0) 8 9425 4603 amaxey@anglogoldashanti.com.au
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: 15/03/2011 09:30:01 Produced by the JSE SENS Department.
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