ANGLOGOLD - NEWS RELEASE NEWS RELEASE

ANGLOGOLD LIMITED

Results for the Quarter and Year ended 31 December 2000

ANGLOGOLD REPORTS INCREASES IN PRODUCTION, OPERATING PROFIT AND EARNINGS
Key features for the quarter

* Good performance overall despite reduced number of operating
shifts in SA

- Gold production up 2% to 57,906 kilograms (1.86 million ounces)
- Operating profit up 9% to R75 million
- Headline earnings up 1% to R430 million

* Growth projects add value: Morila brings 57,000 attributable

ounces at $88/oz cash cost and $7 million to operating profit

* Impairment of certain assets results in a net loss of R132
million

* Final dividend of R6.50, giving dividend of R14 for the year at
yield of 6.4%

Chairman and CEO Bobby Godsell said that while the gold price had remained at
the lowest levels in two decades and the company had experienced disappointing
performance in its South African operations, the year 2000 had seen a major
expansion in AngloGold's key Australian mine, Sunrise Dam; the launching of
Yatela, a new mine in Mali; and the acquisition of substantial interests in two
other African mines: Morila, also in Mali, and Geita in Tanzania.  Together,
these expansions and acquisitions would add some 20 million ounces of

production, at an average cost of $175 over the next 15 years.

A pleasing feature of the operating performance in South Africa had been the
continued improvement in safety.  He pointed out that since the intensive
safety drive had started two years ago, the number of fatal accidents had
decreased by 52%, the fatality rate by 42% and lost-time accidents by 33%.
Turning to the company's fourth quarter performance, he said Great Noligwa and
TauTona were now performing at or above expectations while Elandsrand and
Deelkraal were in the process of being sold to Harmony.  Bambanani and Joel,
however, were still underperforming and AngloGold would "act decisively, as we
have with Elandrand and Deelkraal", if their performance could not be improved.
The company's operations elsewhere in Africa, South America and Australia
continued to deliver impressive results.  Morila had been "especially

rewarding", producing 57,000 attributable ounces in its first operating quarter
at cash costs of $88 per ounce.

Looking to 2001 and beyond, he said there were a number of challenges facing
the company.  These were:

* to complete the improvement in operating performance in South
Africa with the focus on Bambanani and Joel;

* to drive down costs - management had set itself the target of
reducing both overhead and operating costs; and

* to pursue rationalisation in South Africa and diversification
abroad.
ends

For the complete Report for the Year and the Quarter visit the
AngloGold website: www.anglogold.com
Queries:
In South Africa:

Steve Lenahan: Investor Relations       James Duncan: Media Relations

Telephone: +27 11 637 6248              Telephone: +27 11 637 6147

Mobile: +27 83 308 2200                 Mobile: +27 82 892 8052

E-Mail: slenahan@anglogold.com          E-Mail: jduncan@anglogold.com
In the United Kingdom:                  Europe:

Alex Buck                               Tomasz Nadrowski

Telephone: +44 20 7664 8712             Telephone: +41 22 718 3312

Mobile: +44 793 274 0452                Fax: +41 22 718 3334

E-Mail: abuck@anglogold.com             E-mail: tnadrowski@anglogold.com
In Australia:                           In the United States of America:
Andrea Maxey                            Charles Carter

Telephone: +61 3 9684 4920              Telephone: 800 417 9255
(toll-free in North America)

Mobile: + 61 438 001 393                Telephone: +1 212 750 7999

E-Mail: amaxey@anglogold.com.au         E-Mail: ccarter@anglogold.com
CERTAIN FORWARD-LOOKING STATEMENTS

Certain statements contained in this document, including without limitation,
those concerning the economic outlook for the gold mining industry,

expectations regarding gold prices and production, the completion and

commencement of commercial operations of certain of the company's exploration
and production projects, and the company's liquidity and capital resources and
expenditure, contain certain forward-looking statements regarding the company's
operations, economic performance and financial condition. Although the company
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.
CORPORATE COMMUNICATIONS DEPARTMENT
1st FLOOR, 11 DIAGONAL STREET
JOHANNESBURG 2001
TELEPHONE: (+27 11) 637-6379
FAX: (+27 11) 637-6399/6400