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
15 December 2008
ANGLOGOLD ASHANTI ACQUIRES SÃO BENTO GOLD LIMITED
Further to its announcement of 31 July 2008, AngloGold Ashanti is pleased to announce that
it has today completed the purchase of São Bento Gold Company Limited (“SBG”) and its
wholly-owned subsidiary, São Bento Mineração S.A. (“SBMSA”) from Eldorado Gold
Corporation (“Eldorado”) for a consideration of US$70 million. The purchase price was settled
through the issuance of 2,701,660 AngloGold Ashanti shares.
The purchase of SBG and SBMSA gives AngloGold Ashanti access to the São Bento mine, a
gold operation located in the immediate vicinity of AngloGold Ashanti’s proposed Córrego do
Sítio mine, located
in the municipality of Santa Bárbara, Iron Quadrangle region of Minas Gerais
State, Brazil. The acquisition of the São Bento mine provides AngloGold Ashanti with the
potential to double the scale of the proposed Córrego do Sítio mine, which once developed
will significantly enhance AngloGold Ashanti’s Brazilian asset base.
ENDS
Contacts
South
Africa
Tel:
Mobile:
E-mail:
Himesh Persotam (Investor Relations)
+27 (0) 11 637-6647
+27 (0) 82 339 3890
hpersotam@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 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,
including its intentions and ability to refinance its $1 billion convertible bond, 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 2007, which was distributed to shareholders on 31 March 2008, and report to shareholders
for the quarter and nine months ended 30 September 2008, which was distributed to shareholders on 30 October 2008. 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.