REG-Anglogold Ld: Statement re Update on AngloGold Ashanti's Savuka Mine
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AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE
share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \
2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
News Release
10 June 2009
UPDATE ON ANGLOGOLD ASHANTI'S SAVUKA MINE
As previously announced, a series of seismic events occurred close to the shaft
infrastructure at Savuka mine on 22 May. Of Savuka's three-shaft system, the
primary and tertiary shafts have not been damaged. However, the sub-shaft
barrel below 100 level has been damaged, together with shaft installations on
101 and 102 levels - which is the main infrastructure supporting Savuka's C
arbon L eader Reef production.
Operational staff are assessing the best way to rehabilitate the sub-shaft
infrastructure and the degree to which select mining on the Ventersdorp Contact
Reef at Savuka can continue while this work is undertaken. There will only be a
low volume of production from the main shaft area for the remainder of the
second quarter.
The company will clarify the impact of production losses at Savuka, together
with additional losses due to other safety related stoppages experienced during
the quarter, once the production quarter is closed.
Savuka produced 14,000 ounces in the first quarter of 2009 and 66,000 ounces of
gold in 2008, just over 1% of AngloGold Ashanti's production. The company will
also update annual guidance with the release of the second quarter's results on
31 July 2009.
ENDS
Contacts
South Africa Tel: Mobile: E-mail:
Alan Fine (Media) +27 (0) 11 +27 (0) 83 250 afine@AngloGoldAshanti.com
637-6383 0757
Joanne Jones +27 (0) 11 637- +27 (0) 82 896 jjones@AngloGoldAshanti.com
(Media) 6813 0306
Certain statements made in this communication, including, without limitation,
those concerning AngloGold Ashanti's strategy to reduce its gold hedging
position including the extent and effects of the reduction, 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 and completion of
acquisitions and dispositions, AngloGold Ashanti's liquidity and capital
resources, and expenditure and the outcome and consequences of any pending
litigation proceedings, 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, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of such factors,
refer to AngloGold Ashanti's annual report for the year ended 31 December 2008,
which was distributed to shareholders on 27 March 2009 and the company's annual
report on Form 20-F, filed with the Securities and Exchange Commission in the
United States on May 5, 2009 as amended on May 6, 2009. 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.anglgoldashanti.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.
END
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