Anglogold Ld Sale of Navachab Mine completed


 
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 
 
1 July 2014 
 
NEWS RELEASE 
 
ANGLOGOLD ASHANTI COMPLETES SALE OF NAVACHAB MINE 
 
(JOHANNESBURG - PRESS RELEASE) - AngloGold Ashanti is pleased to announce 
completion of its sale of AngloGold Ashanti Namibia (Proprietary) Limited, a 
wholly owned subsidiary which owns the Navachab Gold Mine, to QKR Corporation 
Limited. The transaction, announced on 10 February this year, was concluded on 
30 June after all conditions precedent were met and the monies paid. 
 
"We're pleased to have closed this sale, as we focus on optimising our global 
portfolio to deliver improved cash flow and returns," said AngloGold Ashanti 
Executive Vice President Strategy & Business Development Charles Carter. "We 
thank the Government of Namibia and the Navachab team for the smooth handover 
to QKR, who we wish well as they take the mine forward." 
 
Further information on Navachab 
 
Navachab was owned and operated by AngloGold Ashanti since the company was 
formed in 1998. As at 31 December 2013, Navachab had gold Mineral Resources of 
3.91 million ounces and gold Ore Reserves of 1.92 million ounces. In the year 
ended 31 December 2013, Navachab produced 63,000 ounces of gold at a cash cost 
of US$691 per ounce and an all-in-sustaining cost of US$781 per ounce. 
 
Financial Advisers to AngloGold Ashanti 
CIBC World Markets plc 
 
Legal Advisers to AngloGold Ashanti 
ENS Africa 
 
Sponsor to AngloGold Ashanti 
UBS South Africa (Pty) Limited 
 
ENDS 
 
Contacts 
 
Media 
 
Chris Nthite                +27 (0) 11 637 6388/+27  cnthite@anglogoldashanti.com 
                            (0) 83 301 2481 
 
Stewart Bailey              +27 81 032 2563 / +27 11 sbailey@anglogoldashanti.com 
                            637 6031 
 
General inquiries                                    media@anglogoldashanti.com 
 
Investors 
 
Stewart Bailey               +27 81 032 2563 / +27  sbailey@anglogoldashanti.com 
                             11 637 6031 
 
Sabrina Brockman (US &       +1 (212) 858 7702 / +1 sbrockman@anglogoldashanti.com 
Canada)                      646 379 2555 
 
Fundisa Mgidi (South Africa) +27 11 6376763 / +27   fmgidi@anglogoldashanti.com 
                             82 821 5322 
 
General inquiries                                   investors@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, 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 
 
 
 
 
 
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