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AGD Anglogold Ash

875.00
0.00 (0.00%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglogold Ash LSE:AGD London Ordinary Share ZAE000043485 ZAR0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 875.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Anglogold Ld Update on South Africa Earthquake

06/08/2014 3:13pm

UK Regulatory



 
TIDMAGD 
 
AngloGold Ashanti Limited 
                                 (Incorporated in the Republic of South Africa) 
                                                       Reg. No. 1944/017354/06) 
                                  ISIN No. ZAE000043485 - JSE share code: ANG 
                                         CUSIP: 035128206 - NYSE share code: AU 
 
NEWS RELEASE 
 
 
 
AngloGold Ashanti Further Update on South Africa Earthquake 
 
 
 
(JOHANNESBURG) - AngloGold Ashanti confirms that each one of the 3,300 people 
working underground at its Great Noligwa and Moab Khotsong mines early 
yesterday afternoon, when a 5.3 magnitude earthquake struck South Africa's 
North West province, were safely hoisted to surface by 7:30pm yesterday. 
 
Twenty-eight employees who sustained minor injuries as a result of the event 
have received medical treatment and all have been discharged. Counsellors have 
assisted 17 employees with treatment for shock, and will remain on hand for 
others who may require their services. Importantly, all safety systems and 
protocols were observed and all employees and contractors were instrumental in 
ensuring the mine was cleared safely. 
 
"Safely hoisting all 3,300 people to surface after an earthquake of this size 
is an achievement of which we're immensely proud," Mike O'Hare, AngloGold 
Ashanti's Chief Operating Officer: South Africa, said. "Our infrastructure 
responded as it was designed to, and our safety protocols worked as they 
should. Our thanks go to every employee, the contractors on site and the 
management team who together made this outcome possible." 
 
AngloGold Ashanti's own engineers and specialists, together with external 
seismology experts, are conducting intensive, real-time intensive monitoring of 
seismic activity in the region. Once it is deemed safe for inspection crews to 
proceed underground, a thorough examination of all underground infrastructure, 
as well as ore passes, haulages and working areas, will take place. At this 
stage, vertical infrastructure is functioning well and the inspections 
conducted immediately after the earthquake suggests that these shafts sustained 
only minor damage. Electronic systems that monitor various aspects of our 
underground areas are also working normally, allowing us to remotely draw 
information from a large portion of both mines. 
 
In parallel with this process, AngloGold Ashanti is in close contact with 
engineers from Eskom Holdings Ltd., the state-owned power provider, to 
establish when fully redundant electricity supply will be restored. AngloGold 
Ashanti would like to commend Eskom for working quickly to restore the current 
feed to our Vaal River Operations, which has allowed for cooling of underground 
areas to continue. 
 
Once it is clear that we have the correct power feed and underground areas and 
infrastructure are deemed safe, a decision will be made on resuming normal 
shifts. At this stage, we will wait for the appropriate underground conditions 
and then conduct thorough assessments. AngloGold Ashanti intends to provide a 
more detailed update on the status of the underground operations on Monday, 
August 11. 
 
AngloGold Ashanti's West Wits operating region and the Kopanang mine in the 
Vaal River area, were not affected by the event. 
 
More about AngloGold Ashanti 
 
AngloGold Ashanti is a global gold producer with 20 operations spanning 10 
countries. In 2013, AngloGold Ashanti produced 4.105Moz of gold at a total cash 
cost of $830/oz. In 2013, Moab Khotsong produced  212,000oz at a total cash 
cost of $797/oz and Great Noligwa produced 83,000oz at a total cash cost of 
$1,100/oz. Together, these two mines affected by yesterday's earthquake, 
accounted for roughly 7% of total group production last year. 
 
ENDS 
 
Sponsor to AngloGold Ashanti 
UBS South Africa (Pty) Limited 
 
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 (US &  +1 (212) 858 7702/+1 646 379 2555 sbrockman@anglogoldashanti.com 
Canada) 
 
Fundisa Mgidi (South    +27 11 6376763/+27 82 821 5322    fmgidi@anglogoldashanti.com 
Africa) 
 
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, 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 and 
dispositions, AngloGold Ashanti's liquidity and capital resources and capital 
expenditures and the outcome and consequences 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 2013 which was filed with the United States Securities and 
Exchange Commission ("SEC") on 14 April 2014. 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. 
 
This communication may contain certain "Non-GAAP" financial measures. AngloGold 
Ashanti utilises certain Non-GAAP performance measures and ratios in managing 
its business. Non-GAAP financial measures should be viewed in addition to, and 
not as an alternative for, the reported operating results or cash flow from 
operations or any other measures of performance prepared in accordance with 
IFRS. In addition, the presentation of these measures may not be comparable to 
similarly titled measures other companies may use. AngloGold Ashanti posts 
information that is important to investors on the main page of its website at 
www.anglogoldashanti.com and under the "Investors" tab on the main page. This 
information is updated regularly. Investors should visit this website to obtain 
important information about AngloGold Ashanti. 
 
AngloGold Ashanti Limited 
 
Incorporated in the Republic of South Africa Reg No: 1944/017354/06 
 
ISIN No. ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code: 
AU 
 
Website: www.anglogoldashanti.com 
 
 
 
 
 
END 
 

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