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AngloGold Ashanti - Review of exploration activity in the DRC

Release Date: 21/06/2005 16:48
Code(s): ANG
Wrap Text

AngloGold Ashanti - Review of exploration activity in the DRC AngloGold Ashanti Limited Incorporated in the Republic of South Africa Registration Number: 1944/017354/06) ISIN Number: ZAE000043485 JSE Share Code: ANG ("AngloGold Ashanti/Company") ANGLOGOLD ASHANTI REVIEW OF EXPLORATION ACTIVITY IN THE DEMOCRATIC REPUBLIC OF THE CONGO (DRC) A senior executive team of the AngloGold Ashanti management recently conducted a review of this company"s exploration activities in the DRC. The review included a visit to the DRC in early June. The focus of this review was to determine whether this activity could be conducted with integrity, that is, in compliance with the company"s values. The team held a series of meetings in the national capital Kinshasa, the capital of the Ituri district, Bunia, and at the site of our exploration camp in Mongbwalu. In these three places the team met with representatives of government, the state mining agency, OKIMO, the UN peace keeping force, MONUC and representatives of the Catholic Church. MONUC has now established a substantial presence in Mongbwalu. We have been assured by MONUC that significant progress with the disarming of militia members has occurred and FNI militia have withdrawn from the town. The review has identified a number of areas for management action: We have commenced a baseline survey of key issues including operational security, environmental considerations, community health, artisanal mining and social development. We are intensifying our engagement with key community and government stakeholders as well as MONUC in Kinshasa, Bunia and Mongbwalu. We will strictly monitor all contact with outside organisations, maintaining a register of the nature and content of these contacts, and ensure that they are consistent with our values and credible international guidelines for operating in conflict zones. We are discussing with our partner OKIMO, the state mining agency, how to deal with the occupation, without our consent, of houses within our concession. Given the volatility of events in the DRC we will regularly review our activities, and should it become impossible to operate safely and with integrity we will withdraw from the region, as we have done previously. We remain ready to engage with all interested stakeholders, including government, the United Nations and NGOs to ensure that our actions are consistent with our values and the intentions set out in this statement. It is our belief and hope that our presence contributes to an improvement in the economic prospects for the Democratic Republic of Congo and, thereby, reinforces the peace process. ends 21 June 2005 JSE Sponsor: UBS Date: 21/06/2005 04:48:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department