news release
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
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 6383
+27 (0) 83 325 0757
afine@anglogoldAshanti.com
Joanne Jones
+27 (0) 11 637 6813
+27 (0) 82 896 0306
jjones@AngloGoldAshanti.com
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 witten or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by
the cautionary statements herein.
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