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Anglogold assigned fitch short-term and long-term ratings

Release Date: 12/08/2003 12:31
Code(s): ANG
Wrap Text

Anglogold assigned fitch short-term and long-term ratings AngloGold Limited Incorporated in the Republic of South Africa Registration Number: 1944/017354/06) ISIN Number:ZAE000043485 JSE Share Code: ANG Not to be released in or into the United States, Canada or Japan ANGLOGOLD ASSIGNED FITCH SHORT-TERM AND LONG-TERM RATINGS Fitch Ratings, the international rating agency, announced today that it has assigned AngloGold a National Short-term rating of F1+ (zaf) and a Long-term rating of AA (zaf). AngloGold intends to approach the South African corporate bond market shortly in order to part-fund its South African mine expansion programme. This programme includes the recently approved R1.2 billion expansion of TauTona near Carletonville, which will add some 1.8 million ounces to the mine"s gold production over the next ten years and several other South African projects of a similar nature planned over the next three years. Deutsche Bank and Standard Corporate and Merchant Bank have been appointed as arrangers for this debut bond issue. Further details will be released at a later date. ends Date: 12/08/2003 12:31:29 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department