Anglogold Ld Unprotected Work Stoppage Kopanang Mine
21 September 2012 - 7:29PM
UK Regulatory
TIDMAGD
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
News Release
21 September 2012
Unprotected Work Stoppage Impacts AngloGold Ashanti's Kopanang Mine
(Johannesburg) An unprotected strike at AngloGold Ashanti's Kopanang operations
prevented the night shift from taking place on September 20, 2012. The strike
is currently confined to this single mine. Management's priority is to maintain
safety, peace and stability at the site and to continue a constructive dialogue
with all employees, their representatives and other stakeholders. The company
is following the necessary procedures and an update will be provided at the
appropriate time.
About Kopanang
The Kopanang mine produced 90,000 ounces of gold in the first half of this
year, which was about 4% of AngloGold Ashanti's total production over that
period. AngloGold Ashanti's South Africa operations accounted for approximately
32% of total group production during the first half of the year. Approximately
5,000 workers are employed at Kopanang, which lies roughly 200km southwest of
Johannesburg.
SPONSOR: UBS South Africa (Pty) Limited
ENDS
__________________________________________________________________________________________________________________
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Certain statements made in this communication, 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 and other operating results, growth prospects and
outlook of AngloGold Ashanti's operations, individually or in the aggregate,
including the achievement of project milestones, the completion and
commencement 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
expenditure and the outcome and consequence of any potential or pending
litigation or regulatory proceedings or environmental issues, are
forward-looking statements or forecasts 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 or 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 and market
conditions, success of business and operating initiatives, changes in the
regulatory environment and other government actions including environmental
approvals and actions, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of certain of these
and other factors, refer to AngloGold Ashanti's annual report for the year
ended 31 December 2011, which was distributed to shareholders on 4 April 2012,
the company's 2011 annual report on Form 20-F, which was filed with the
Securities and Exchange Commission in the United States on 23 April 2012 and
the prospectus supplement to the company's prospectus dated July 17, 2012 that
was filed with the Securities and Exchange Commission on July 25, 2012. 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,
stakeholders 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 today's date 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.
END
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