ANGLOGOLD ANNOUNCES EXTENDED LIFE FOR NAVACHAB MINE
News Release
Anglogold Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1944/017354/06)
ISIN Number:ZAE000014601
JSE Share Code: ANG SKB/CAD/AGO319.02
NYSE Ticker: AU
CORPORATE AFFAIRS DEPARTMENT
16th Floor, 11 Diagonal Street, Johannesburg 2001, South Africa
Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400
SKB/CAD/AGO319.02
16 September 2002
ANGLOGOLD ANNOUNCES EXTENDED LIFE FOR NAVACHAB MINE
AngloGold is pleased to announce that the life of its Navachab Mine in
Namibia has been extended by eight years - from 2005 to 2013 following a
decision to enlarge the existing open-pit mine. Approval has now been
given for this project to go ahead.
During its extended life, it is expected that the mine will maintain its
current mill throughput of around 1.3 million tonnes a year and its
annual production of some 80 000 ounces.
The manager of Navachab, Frank Bethune says: "The recent sustained
improvement in the gold price has made the project viable.
"The project required an extension to our mining licence and this was
issued last month. We appreciate the service provided by the Ministry
of Mines and Energy in handling this request speedily and efficiently."
An open-pit operation, Navachab is situated near the town of Karibib.
It has been in production since 1989 and provides employment for more
than 300 people.
ends
Queries:
www.anglogold.com
In South Africa
Tel Mobile E-MAIL
Steve Lenahan +27 11 637 6248 +27 83 308 2200 slenahan@anglogold.com
Alan Fine +27 11 637 6383 +27 83 250 0757 sfine@anglogold.com
Thys Sabbagha +27 11 637 6739 +27 82 458 0668 tsabbagha@anglogold.com
Frank Bethune +26 464 550 150 +264 811 297 958 bethune@navachab.com.na
In the UK/Europe
Tomasz Nadrowski+41 22 718 3312 +41 79 345 9774 tnadrowski@anglogold.com
Alex Buck +44 20 7664 8712 +44 7932 740 452 abuck@anglogold.com
In the USA
Charles Carter (Toll free)800 417 9255
+1 212 750 7999 cercarter@anglogold.com
In Australia
Andrea Maxey +61 8 9425 4604 +61 438 001 393 amaxey@anglogold.com.au
Date: 16/09/2002 04:20:00 PM Produced by the JSE SENS Department
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