Queries
South
Africa
Tel:
Mobile
E-mail:
Steve Lenahan
+27 (0) 11 637 6248
+27 (0) 83 308 2200
slenahan@AngloGoldAshanti.com
Disclaimer
Except for 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 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 2003 which is filed with the Securities and Exchange Commission on 19 March 2004.
AGA44.05
1 June 2005
Embargo – 21H00 Wednesday 1 June 2005 (South African Time)
HUMAN RIGHTS WATCH REPORT ON ANGLOGOLD ASHANTI’S ACTIVITIES IN THE DRC
AngloGold Ashanti notes the publication of a report today by the US-based NGO, Human Rights Watch, titled “The Curse of Gold”. In investigating and reporting on AngloGold Ashanti’s activities in the Ituri region of the DRC, the report alleges that, through its presence in the region, AngloGold Ashanti gave tacit support to militia groups and, in doing this, acted inconsistently with the company’s business principles. The company denies this claim.
Appended to this media release is a copy of our response sent to Human Rights Watch yesterday, Tuesday 31 May, 2005. That letter deals with the detail of various matters in the report with which we take issue.
There are, however, a few broader issues we would first like to address.
Firstly, yielding to any form of extortion by an armed militia or anyone else is contrary to the company’s principles and values. It is not condoned by AngloGold Ashanti, under any circumstances. That there was a breach of this principle in this instance, in that company employees yielded to the militia group FNI’s act of extortion is regretted. In mitigation, it should be noted that as soon as it came to our attention we publicly acknowledged it, condemned it and said it would not happen again.
Secondly, in contemplating whether to operate in a conflict zone, we believe we have a moral right to do so only if, after due consideration, we can honestly conclude that, on balance, our presence will enhance the pursuit of peace and democracy.
Our decision to resume operating in the DRC was based on a range of factors. First, the area covered by our activities has been producing gold since the beginning of last century and remains highly prospective. We believe that, if our exploration programme does yield a mine, it will be of significant benefit to the DRC government and local communities, by providing revenue, employment and access to social development opportunities – and, of course, returns to our shareholders.