| Thu 14 Jul 2011, 16:05 | | ANG - AngloGold Ashanti Limited - Anglogold Ashanti to sell mining area to |
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ANG
ANANO
ANG - AngloGold Ashanti Limited - Anglogold Ashanti to sell mining area to
Blyvooruitzicht Gold Mining Company
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 TO SELL MINING AREA TO BLYVOORUITZICHT GOLD MINING COMPANY
AngloGold Ashanti confirms that it has offered to sell to Blyvooruitzicht Gold
Mining Company, subject to the finalisation of a binding agreement, some 390,000
square metres of its neighbouring Savuka mining area for a consideration of R35
million. The area offered for sale is not within AngloGold Ashanti`s current
mine plan. Pending the signing of the sale agreement and securing of the
necessary regulatory approvals, Blyvoor will mine the area under contract.
Given the potential losses in jobs and community livelihoods that would follow
should Blyvoor be unable to sustain its operations, AngloGold Ashanti believes
that the transaction offers a "win-win" for both companies and the communities
in which they operate.
ENDS
14 July 2011
JSE Sponsor - UBS
Contacts
Tel: E-mail:
Alan Fine (Media) +27 11 637 6383 afine@AngloGoldAshanti.com
Mike Bedford (Investor) +27 11 637 6273 mbedford@anglogoldashanti.com
Stewart Bailey(Investor) +1 2128364303 sbailey@anglogoldashanti.com
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 2010, which was distributed to
shareholders on 29 March 2011. The company`s 2010 annual report on Form 20-F
was filed with the Securities and Exchange Commission in the United States on
May 31, 2011. 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: 14/07/2011 16:05:01 Produced by the JSE SENS Department.
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