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Anglogold Ashanti comments on potential power shortage in Ghana

Release Date: 30/08/2006 17:01
Code(s): ANG
Wrap Text

Anglogold Ashanti comments on potential power shortage in Ghana 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 comments on potential power shortage in Ghana AngloGold Ashanti has been advised in Ghana by the Volta River Authority (VRA) that it is possible that the company will be required to reduce its electrical power consumption, primarily due to water shortages impacting the VRA"s power generating facilities. AngloGold Ashanti, as part of the local Chamber of Mines, is meeting with the VRA to examine means of addressing potential disruptions to power supply. It is not clear at this time what the consequences of power shortages will be for the company"s operations in Ghana. This will depend on the outcome of discussions with the VRA and mitigating steps that might be taken to conserve power utilisation. The company will comment on potential impacts at Obuasi, Iduapriem and Bibiani once these discussions have been concluded. JSE Sponsor - UBS ends Johannesburg 30 August 2006 Queries South Africa Tel: Mobile: E-mail: Charles Carter +27(0)11 637 6385 +27(0)82 3305373 cecarter@AngloGoldAshanti.com Steve Lenahan +27(0)11 637 6284 +27(0)83 3082200 slenahan@AngloGoldAshanti.com Date: 30/08/2006 05:01:30 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department