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 UPDATES SECOND QUARTER GUIDANCE
On 31 March 2009 AngloGold Ashanti guided second quarter production of 1.140Moz, with
cash costs in a range of $465/oz to $485/oz, depending on currency assumptions. The
company will report production of 1.127Moz for the second quarter, 1% below forecast, with
cash costs within the guided range.
The slightly lower production is due to a number of safety-related stoppages at the Vaal River
mines, and the closure on 22 May of Savuka mine due to a series of seismic events which
damaged the sub-shaft infrastructure, as previously disclosed. Offsetting these production
shortfalls are improved performances from Obuasi in Ghana and Geita in Tanzania, together
with continued strong performances from Mponeng and TauTona in South Africa and the
company’s South American operations. The other operations in Africa, Australia and North
America performed in line with expectations.
AngloGold Ashanti will release full second quarter results on 31 July 2009.
ENDS
Contacts
Tel:
Mobile:
E-mail:
Sicelo Ntuli (Investor s)
+27 (0) 11 637 6339
+27 (0) 71 608 0991
sntuli@AngloGoldAshanti.com
Stewart Bailey (Investor)
+1 212 836 4303
+1 646 717 3978
sbailey@AngloGoldAshanti.com
Alan Fine (Media)
+27 (0) 11 637 6383
+27 (0) 83 250 0757
afine@anglogoldashanti.com
Joanne Jones (Media)
+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 Anglo
Gold 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.comand 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.