SEISMIC EVENTS AT SAVUKA MINE
AngloGold Ashanti regrets to announce that yesterday afternoon, Friday 22 May, a series of seismic events was experienced at the company�s Savuka mine near Carltonville, South Africa.
Emergency response procedures were immediately activated. Within several hours of the incident being reported, all employees who were underground at the time of the incident were evacuated through the shaft infrastructure at the neighboring TauTona mine.
Unfortunately, in the course of the seismic events, Bernado Nhantumbo, a pump attendant, was fatally injured. AngloGold Ashanti would like to express its condolences to the family, friends and colleagues of the deceased. Bernado was from Mozambique and leaves behind his wife, Aldah, and four children.
Chief Executive Officer Mark Cutifani commented: �I would like to commend the management team at Savuka for their prompt and effective response to this incident. The fact that we were able to evacuate all employees from underground within such a short space of time reflects the high state of preparedness of the mine as well as the robust and well-rehearsed emergency procedures in place. The fact that secondary escape ways are available at Savuka also assisted the speedy evacuation.�
�It is however a matter of personal concern to me that in the course of the incident the life of one of our colleagues was lost. I would like to extend my deepest condolences to the friends and family of Mr Nhantumbo and reiterate my objective of enabling AngloGold Ashanti to operate deep-level mines in South Africa without fatalities.�
Operations at the mine have been suspended. The extent of the damage caused by the incident will be assessed over the course of the weekend and additional updates provided as the situation becomes clearer. Savuka produced 14,000oz of gold in the first quarter of 2009, just over 1% of total group production.
Contacts
Tel: Mobile: E-mail:
Joanne Jones (Media) +27 (0) 11 637-6813 +27 (0) 82 896 0306 jjones@AngloGoldAshanti.com
Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti�s strategy to reduce its gold hedging position including the extent and effects of the reduction, the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti�s operations, individually or in the aggregate, including the completion and commencement of commercial operations of certain of AngloGold Ashanti�s exploration and production projects and completion of acquisitions and dispositions, AngloGold Ashanti�s liquidity and capital resources, and expenditure and the outcome and consequences of any pending litigation proceedings, contain certain forward-looking statements regarding AngloGold Ashanti�s operations, economic performance and financial condition. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements 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 and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2008, which was distributed to shareholders on 27 March 2009 and the company�s annual report on Form 20-F, filed with the Securities and Exchange Commission in the United States on May 5, 2009as amended on May 6, 2009. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today�s date or to reflect the occurrence of unanticipated events. 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.
AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglgoldashanti.comand 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.
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PRODUCER |
CODE : AU |
ISIN : US0351282068 |
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AngloGold is a gold producing company based in . AngloGold produces gold, copper, silver and zinc in Argentina, in Australia, in Brazil, in Canada, in Ghana, in Guinea, in Mali, in Namibia, in South Africa and in Tanzania, develops gold and iron in Australia, in Brazil, in Colombia, in Congo Dem. Rep. of and in South Africa, and holds various exploration projects in Philippines. Its main assets in production are CRIXÁS, MINERAÇÃO, SAO BENTO, ANGLOGOLD ASHANTI MINERAÇAO and CRIXAS MINE in Brazil, SUNRISE DAM GOLD MINE in Australia, NAVACHAB MINE and NAVACHAB in Namibia, YATELA, MORILA and SADIOLA in Mali, CERRO VANGUARDIA in Argentina, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), BAMBANANI, TAU LEKOA, MPONENG, SAVUKA, TAU TONA, GREAT NOLIGWA, KOPANANG and CRIPPLE CREEK & VICTOR (CRESSON MINE) in South Africa, SIGUIRI in Guinea, TEBEREBIE, IDUAPRIEM, OBUASI and KUBI in Ghana, GEITA in Tanzania and TROUT LAKE MINE and CALLINAN MINE in Canada, its main assets in development are MOAB KHOTSONG in South Africa, MINAS-RIO in Brazil, LA COLOSA and GRAMALOTE in Colombia, KIBALI (KILO-MOTO) in Congo Dem. Rep. of and TROPICANA in Australia and its main exploration properties are HUALATAN and ER in Peru, MKURUMU in Tanzania, 777 PROJECT and RIVARD in Canada, LOUBOUGOULA, GOODPASTER and ALAMOUTALA (SADIOLA II) in Mali, BAMBADJI in Senegal, MORRO VELHO in Brazil and SIANA in Philippines. AngloGold is listed in Australia, in Germany and in United States of America. Its market capitalisation is US$ 9.3 billions as of today (€ 8.7 billions). Its stock quote reached its lowest recent point on November 23, 2018 at US$ 10.00, and its highest recent level on April 25, 2024 at US$ 22.78. AngloGold has 409 109 984 shares outstanding. |