| Thu 14 Jun 2012, 7:30 | | ANG - AngloGold Ashanti - First Uranium Shareholders Note-Holders and |
|
ANG
ANANO
ANG - AngloGold Ashanti - First Uranium Shareholders, Note-Holders and
Debenture-Holders Approve Sale of Mine Waste Solutions to Anglogold Ashanti
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")
FIRST URANIUM SHAREHOLDERS, NOTE-HOLDERS AND DEBENTURE-HOLDERS APPROVE SALE
OF MINE WASTE SOLUTIONS TO ANGLOGOLD ASHANTI
Further to the announcement on 2 March 2012 relating to the proposed
acquisition by AngloGold Ashanti of First Uranium (Pty) Ltd (South Africa)
("FUSA"), a wholly owned subsidiary of First Uranium Corporation ("FIUC") and
the owner of Mine Waste Solutions ("MWS") for a cash consideration of US$335
million (the "transaction"), AngloGold Ashanti welcomes the decision taken
today by FIUC shareholders and debt holders to approve the transaction.
Implementation of the transaction is expected to occur before the end of the
month subject to the remaining conditions precedent being fulfilled. The
transaction will be funded from AngloGold Ashanti`s existing cash reserves
and debt facilities.
"This acquisition provides us with valuable gold and uranium production,"
AngloGold Ashanti Chief Executive Officer Mark Cutifani said. "The deal makes
sense in that it offers significant synergies, facilitates long-term
rehabilitation of this area and secures long-term employment opportunities in
South Africa."
MWS is a recently commissioned tailings retreatment operation located in
South Africa`s Vaal River region and in the immediate proximity of AngloGold
Ashanti`s own tailings facilities. AngloGold Ashanti holds a 19.8% equity
interest in FIUC.
Johannesburg
14 June 2012
Sponsor and financial adviser: UBS
Legal Advisers: Edward Nathan Sonnenbergs
Legal Advisers as to Canadian Law: Fasken Martineau DuMoulin LLP
ENDS
Contacts
Tel: E-mail:
Stewart Bailey (Investors) +1 212 836 4303 / +1 646 338 4337
E-mail: sbailey@anglogoldashanti.com
Mike Bedford (Investors) +27 (0) 11 637 6273 / +27 (0) 82 3748820
E-mail: mbedford@anglogoldashanti.com
Sabrina Brockman (Investors) +1 (212) 836-4303
E-mail: SBrockman@AngloGoldAshantiNA.com
Chris Nthite (Media) +27 (0) 11 637 6388 / +27 (0) 83 301 2481
E-mail: cnthite@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, return on shareholders` equity, productivity improvements,
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 the completion of acquisitions and dispositions, AngloGold
Ashanti`s liquidity, capital resources and capital expenditure and the
outcome and consequences of any potential or pending litigation or regulatory
proceedings or environmental issues, are forward-looking statements regarding
AngloGold Ashanti`s operations, economic performance and financial condition.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause AngloGold Ashanti`s actual
results, performance or achievements to differ materially from the
anticipated results, performance or achievements expressed or implied in
these forward-looking statements. 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 and other factors, refer to AngloGold
Ashanti`s annual report for the year ended 31 December 2011, which was
distributed to shareholders on 4 April 2012 and the company`s 2011 annual
report on Form 20-F, which was filed with the Securities and Exchange
Commission in the United States on April 23, 2012. These factors are not
necessarily all of the important factors that could cause AngloGold Ashanti`s
actual results to differ materially from those expressed in any forward-
looking statements. Other unknown or unpredictable factors could also have
material adverse effects on future results. Consequently, readers are
cautioned not to place undue reliance on forward-looking statements.
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, except to the extent required by applicable law. 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.
This communication may contain certain "Non-GAAP" financial measures.
AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios
in managing its business. Non-GAAP financial measures should be viewed in
addition to, and not as an alternative for, the reported operating results or
cash flow from operations or any other measures of performance prepared in
accordance with IFRS. In addition, the presentation of these measures may
not be comparable to similarly titled measures other companies may use.
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: 14/06/2012 07:30:01 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.
