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ANGLOGOLD ASHANTI LIMITED - Completes sale of CC&V

Release Date: 04/08/2015 07:05
Code(s): ANG     PDF:  
Wrap Text
Completes sale of CC&V

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06)
ISIN ZAE000043485 – JSE share code: ANG
CUSIP: 035128206 – NYSE share code: AU
(“AngloGold Ashanti” or “the Company”)


3 August 2015


NEWS RELEASE

AngloGold Ashanti completes sale of CC&V

(JOHANNESBURG – PRESS RELEASE) – AngloGold Ashanti is pleased to announce the closing today of
its sale of the Cripple Creek & Victor mine in the United States to Newmont Mining Corporation for
US$820 million in cash, subject to customary closing adjustments, plus a net smelter return royalty.
The sale was originally announced on 8 June 2015. At the closing, AngloGold Ashanti received
US$819.4 million in cash, which factors in estimated closing adjustments.

ENDS

 Johannesburg
JSE Sponsor: Deutsche Securities (SA) Proprietary Limited
 Financial Adviser: BMO Capital Markets
 Independent Financial Adviser to the AngloGold Ashanti Board: Lazard & Co., Limited
 Legal Adviser: Cravath, Swaine & Moore LLP
 Legal Adviser (South Africa): ENSafrica

Contacts
Media
Chris Nthite    +27 (0) 11 637 6388/+27 (0) 83 301 2481                             cnthite@anglogoldashanti.com
Stewart Bailey +27 81 032 2563 / +27 11 637 6031                                    sbailey@anglogoldashanti.com
General inquiries                                                                   media@anglogoldashanti.com


Investors
Stewart Bailey +27 81 032 2563 / +27 11 637 6031                                    sbailey@anglogoldashanti.com
Sabrina Brockman +1 (212) 858 7702 / +1 646 379 2555                                sbrockman@anglogoldashanti.com
Fundisa Mgidi +27 11 6376763 / +27 82 821 5322                                      fmgidi@anglogoldashanti.com

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the
economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, all-in sustaining costs, all-in costs, cost
savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s operations,
individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of
certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions,
AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and consequence of any potential or pending litigation
or regulatory proceedings or environmental health and safety issues, are forward-looking statements regarding AngloGold Ashanti’s operations,
economic performance and financial condition.
These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold
Ashanti’s actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or
implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking
statements and forecasts 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, social and
political and market conditions, the success of business and operating initiatives, changes in the regulatory environment and other government
actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings,
and business and operational risk management.

For a discussion of such risk factors, refer to AngloGold Ashanti’s annual report on Form 20-F for the year ended 31 December 2014, which was filed
with the United States Securities and Exchange Commission (“SEC”) on 2 April 2015. These factors are not necessarily all of the important factors
that could cause AngloGold Ashanti’s actual results to differ materially from those expressed in any forward-looking statements. Other unknown or
unpredictable factors could also have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on
forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required
by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf
are qualified by the cautionary statements herein.

Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, has provided independent
financial advice to the Company in connection with its Board of Directors’ consideration of the Transaction. Lazard & Co., Limited will not be
responsible to anyone other than the Company for providing the protections afforded to clients of Lazard & Co., Limited nor for providing advice in
relation to the Transaction or any other matters referred to in this announcement. Neither Lazard & Co., Limited nor any of its affiliates owes or
accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Lazard & Co., Limited in connection with this announcement, any statement contained herein or otherwise.


AngloGold Ashanti Limited
Incorporated in the Republic of South Africa Reg No: 1944/017354/06
ISIN. ZAE000043485 – JSE share code: ANG CUSIP: 035128206 – NYSE share code: AU

Website: www.anglogoldashanti.com

Date: 04/08/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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