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Anglogold Gives Notice Of Termination Of Agreement

Release Date: 09/04/2003 13:23
Code(s): ANG
Wrap Text

Anglogold Gives Notice Of Termination Of Agreement News Release (Incorporated in the Republic of South Africa) CORPORATE AFFAIRS DEPARTMENT (Registration Number: 1944/017354/06) 16th Floor, 11 Diagonal Street, Johannesburg 2001, South Africa ISIN Number:ZAE000043485 Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400 JSE Share Code: ANG CEC/CAD/AGO357.03 NYSE Ticker: AU 9 April 2003 ANGLOGOLD GIVES NOTICE OF TERMINATION OF AGREEMENT AngloGold announced today that on 7 April 2003 the Jerritt Canyon Joint Venture partners and Queenstake Resources Ltd. exchanged notices of termination of an agreement under which Queenstake would have purchased the assets of the Jerritt Canyon Mine. Queenstake failed to meet its obligations under the agreement prior to the scheduled closing and the joint venture partners were forced to give notice of the termination of the agreement. The Joint Venture partners will continue to operate the Jerritt Canyon Mine according to previously approved plans. The mine is expected to produce in excess of 300,000 ounces of gold in 2003. ends. Queries: www.anglogold.com South Africa Tel: Mobile: E-mail: Steve Lenahan +27 11 637 6248 +27 83 308 2200 slenahan@anglogold.com Alan Fine +27 11 637 6383 +27 83 250 0757 afine@anglogold.com Shelagh Blackman +27 11 637 6379 +27 83 308 2471 skblackman@anglogold.com Europe & Asia Tomasz Nadrowski +1 212 750 7999 +1 917 912 4641 tnadrowski@anglogold.com USA Charles Carter (Toll free) 800 417 9255 +1 212 750 7999 cecarter@anglogold.com Australia Andrea Maxey +61 8 9425 4604 +61 438 001 393 amaxey@anglogold.com.au Disclaimer Except for the historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to development of the Company"s business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company"s annual report on the Form 20-F for the year ended 31 December 2002 which was filed with the Securities and Exchange Commission on 4 April 2003.