news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 16th Floor \ 11 Diagonal Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6261 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
AGA52.05
2 August 2005
ANGLOGOLD ASHANTI IS GRANTED NEW ORDER MINING RIGHTS
AngloGold Ashanti is pleased to announce that the company has received notification from the
Director-General of Minerals and Energy that the DME has granted its applications for new order
mining rights in terms of the Mineral Resources and Petroleum Development Act.
This development is the culmination of a long but constructive engagement with the DME, in which the
company has sought to ensure a positive beginning to the new mineral rights dispensation that South
Africa has entered. In terms of its submission, three areas stand out:
With regard to equity, in addition to recognition of its transactions with Armgold between 1998 and 2002, the company is committed to the development of an Employee Share Ownership Scheme,
with a value equivalent to approximately 6% of the South African assets.
-
-
On Employment Equity, the company has in place a plan to ensure that a 40% HDSA representation in management is achieved by 2009. Beyond this, the company intends to ensure
that every level of management reflects the full cultural diversity of its South African employees.
-
Each South African operation has a social plan in place, which seeks to create lasting benefits for the communities in which AngloGold Ashanti operates, while the company also has an established
track record of ensuring that employees facing retrenchment are offered training for alternative
employment options.
AngloGold Ashanti believes that the new mineral rights dispensation seeks to begin to remedy the
economic legacy of apartheid by ensuring that economic opportunity becomes available to increasing
numbers of South African citizens, while simultaneously seeking to maintain local and international
economic confidence and to promote economic growth.
Commenting on the approval of its application, AngloGold Ashanti CEO Bobby Godsell said: “I am
delighted that the spirit and letter of the Mining Charter has been fulfilled through this conversion of
mining rights. This decision brings certainty to our shareholders and it offers our employees and the
communities in which we operate new opportunities for sharing in the wealth creation of our company.
I also believe that the empowerment process initiated by government represents a vital and legitimate
investment in the future of our country.”
Queries
South Africa
Tel:
Disclaimer
Mobile:
E-mail:
Charles Carter
+27 (0) 11 637 6385
+27 (0) 82 330 5373
cecarter@AngloGoldAshanti.com
Alan Fine
+27 (0) 83 250 0757
afine@AngloGoldAshanti.com
Shelagh Blackman
+27 (0) 11 637 6379
+27 (0) 83 308 2471
skblackman@AngloGoldAshanti.com
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 2004 which is filed with the Securities and Exchange Commission on 14 July 2005.