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AngloGold Ashanti - Sale of Union Reefs assets
AngloGold Ashanti Limited
(formerly AngloGold Limited)
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
(`AngloGold Ashanti/Company
SALE OF UNION REEFS ASSETS
AngloGold Ashanti Australia Limited has reached agreement to sell its Union
Reefs Gold Mine (URGM) assets in the Northern Territory to the Burnside Joint
Venture.
The Burnside Joint Venture, comprising subsidiaries of Northern Gold NL (50%)
and Harmony Gold Mining Company Ltd (50%), has agreed to pay AngloGold Ashanti
total consideration of A$4 million for the assets. Settlement will occur within
one month from today.
Completion is conditional only on the obtaining of all consents and approvals
required by applicable laws or the requirements of the Australian Stock
Exchange, including without limitation the approval of the Minister to the
transfer of the Mining and Exploration tenements pursuant to the NT Mining Act.
The URGM assets include a conventional 2.8 Mtpa CIL processing plant, the
URGM single persons quarters in the town of Pine Creek and mining and
exploration tenements.
The Burnside Joint Venture will assume all future obligations associated with
the assets including remaining site rehabilitation and reclamation.
AngloGold Ashanti completed mining at Union Reefs in the third quarter of
2003 and the treatment plant has been on care and maintenance since milling
ended in October 2003.
ends
Johannesburg
5 August 2004
Queries
South Africa
Steve Lenahan
Tel: +27 (0) 11 637 6248
Mobile: +27 (0) 83 308 2200
E-mail: slenahan@AngloGoldAshanti.com
Michael Clements
Tel: +27(0) 11 637 6647
Mobile: +27 (0) 82 339 3890
E-mail: mclements@AngloGoldAshanti.com
Shelagh Blackman
Tel: +27(0) 11 627 6379
Mobile: +27 +27 (0) 83 308 2471
E-mail: skblackman@AngloGoldAshanti.com
USA
Charles Carter
Tel: Toll Free 800 417 9255
Mobile: + 1 212 750 7999
E-mail: cecarter@AngloGoldAshanti.com
Australia
Andrea Maxey
Tel: + 61 8 9425 4604
Mobile: + 61 438 001 393
E-mail: amaxey@AngloGoldAshanti.com
Disclaimer
Except for historical information contained herein, there are matters discussed
in this news release that are forward-looking statements. Such statements are
only predictions and actual events or results may differ materially. For
discussion of important factors including, but not limited to development of the
Company`s business the economic outlook in the gold mining industry,
expectations regarding gold prices and production, and other factors, which
could cause actual results to differ materially from such forward-looking
statements, refer to the AngloGold`s annual report on the Form 20-F for the year
ended 31 December 2003 which is filed with the Securities and Exchange
Commission on 19 March 2004.
Date: 05/08/2004 04:58:10 PM Produced by the JSE SENS Department
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