AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06)
ISIN No. ZAE000043485 - JSE share code: ANG
CUSIP: 035128206 - NYSE share code: AU
1 July 2014
NEWS RELEASE
ANGLOGOLD ASHANTI COMPLETES SALE OF NAVACHAB MINE
(JOHANNESBURG - PRESS RELEASE) - AngloGold Ashanti is pleased to announce
completion of its sale of AngloGold Ashanti Namibia (Proprietary) Limited, a
wholly owned subsidiary which owns the Navachab Gold Mine, to QKR Corporation
Limited. The transaction, announced on 10 February this year, was concluded on
30 June after all conditions precedent were met and the monies paid.
"We're pleased to have closed this sale, as we focus on optimising our global
portfolio to deliver improved cash flow and returns," said AngloGold Ashanti
Executive Vice President Strategy & Business Development Charles Carter. "We
thank the Government of Namibia and the Navachab team for the smooth handover
to QKR, who we wish well as they take the mine forward."
Further information on Navachab
Navachab was owned and operated by AngloGold Ashanti since the company was
formed in 1998. As at 31 December 2013, Navachab had gold Mineral Resources of
3.91 million ounces and gold Ore Reserves of 1.92 million ounces. In the year
ended 31 December 2013, Navachab produced 63,000 ounces of gold at a cash cost
of US$691 per ounce and an all-in-sustaining cost of US$781 per ounce.
Financial Advisers to AngloGold Ashanti
CIBC World Markets plc
Legal Advisers to AngloGold Ashanti
ENS Africa
Sponsor to AngloGold Ashanti
UBS South Africa (Pty) Limited
ENDS
Contacts
Media
Chris Nthite +27 (0) 11 637 6388/+27 cnthite@anglogoldashanti.com
(0) 83 301 2481
Stewart Bailey +27 81 032 2563 / +27 11 sbailey@anglogoldashanti.com
637 6031
General inquiries media@anglogoldashanti.com
Investors
Stewart Bailey +27 81 032 2563 / +27 sbailey@anglogoldashanti.com
11 637 6031
Sabrina Brockman (US & +1 (212) 858 7702 / +1 sbrockman@anglogoldashanti.com
Canada) 646 379 2555
Fundisa Mgidi (South Africa) +27 11 6376763 / +27 fmgidi@anglogoldashanti.com
82 821 5322
General inquiries investors@anglogoldashanti.com
Certain statements contained in this document, other than statements of
historical fact, including, without limitation, those concerning the economic
outlook for the gold mining industry, expectations regarding gold prices,
production, cash costs, all-in sustaining costs, cost savings and other
operating results, return on equity, productivity improvements, growth
prospects and outlook of AngloGold Ashanti's operations, individually or in the
aggregate, including the achievement of project milestones, commencement and
completion of commercial operations of certain of AngloGold Ashanti's
exploration and production projects and the completion of acquisitions and
dispositions, AngloGold Ashanti's liquidity and capital resources and capital
expenditures and the outcome and consequences of any potential or pending
litigation or regulatory proceedings or environmental, health, and safety
issues, are forward-looking statements regarding AngloGold Ashanti's
operations, economic performance and financial condition. These forward-looking
statements or forecasts involve known and unknown risks, uncertainties and
other factors that may cause AngloGold Ashanti's actual results, performance or
achievements to differ materially from the anticipated results, performance or
achievements expressed or implied in these forward-looking statements. Although
AngloGold Ashanti believes that the expectations reflected in such
forward-looking statements and forecasts 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, social and
political and market conditions, the success of business and operating
initiatives, changes in the regulatory environment and other government
actions, including environmental approvals, fluctuations in gold prices and
exchange rates, the outcome of pending or future litigation proceedings, and
business and operational risk management. For a discussion of such risk
factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year
ended 31 December 2013 which was filed with the United States Securities and
Exchange Commission ("SEC") on 14 April 2014. These factors are not necessarily
all of the important factors that could cause AngloGold Ashanti's actual
results to differ materially from those expressed in any forward-looking
statements. Other unknown or unpredictable factors could also have material
adverse effects on future results. Consequently, readers are cautioned not to
place undue reliance on forward-looking statements. AngloGold Ashanti
undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events, except to the
extent required by applicable law. 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.
This communication may contain certain "Non-GAAP" financial measures. AngloGold
Ashanti utilises certain Non-GAAP performance measures and ratios in managing
its business. Non-GAAP financial measures should be viewed in addition to, and
not as an alternative for, the reported operating results or cash flow from
operations or any other measures of performance prepared in accordance with
IFRS. In addition, the presentation of these measures may not be comparable to
similarly titled measures other companies may use. 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.
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa Reg No: 1944/017354/06
ISIN No. ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code:
AU
Website: www.anglogoldashanti.com