REG-Anglogold Ld: ANGLOGOLD ASHANTI RESUMES EXPORTS OF GOLD FROM SIGUIRI
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
14 July 2009
ANGLOGOLD ASHANTI RESUMES EXPORTS OF GOLD FROM SIGUIRI
Following good progress in discussions with the Government of Guinea in recent
weeks, a temporary embargo on the export of gold was lifted at the end of June,
allowing a month's worth of production to be shipped from the country during
the first week of July. Production at the Siguiri mine was uninterrupted
during the period of the imposed gold export embargo.
The ongoing talks with the Government of Guinea centre on the nature and
protocols of an environmental fund related to AngloGold Ashanti's existing
US$35 million provision for environmental rehabilitation of the Siguiri mine.
The Company has agreed to the advanced payment of US$10 million to the
Government of its existing provision, subject to an undertaking from the
Government that the funds be used solely for the environmental rehabilitation
of the Siguiri mine and that the payment be offset against the balance of
AngloGold Ashanti's future environmental liabilities.
Siguiri produced 333,000 ounces of gold in the course of 2008 and 88,000 ounces
in the first quarter of 2009, approximately 7% of group production. The
Government of Guinea is a 15% shareholder in the operation.
ENDS
Media Contacts
Tel: Mobile: E-mail:
Alan Fine (Media) +27 (0) 11 637 + 27 (0) 83 325 afine@anglogoldAshanti.com
6383 0757
Joanne Jones +27 (0) 11 637 +27 (0) 82 896 jjones@AngloGoldAshanti.com
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.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.
END
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