Information  X 
Enter a valid email address

Anglogold Ld (AGD)

  Print      Mail a friend

Wednesday 05 August, 2009

Anglogold Ld

Agreement - Randgold Resources & Moto Goldm...


AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE
share code: ANG

Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg 2001 \ S  outh Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com

News release

5 August 2009

ANGLOGOLD ASHANTI LIMITED NOTES THAT ITS PARTNER, RANDGOLD RESOURCES LIMITED,
HAS ENTERED INTO AN ARRANGEMENT AGREEMENT WITH MOTO GOLDMINES

Further to its announcement of 27 July 2009, AngloGold Ashanti Limited
("AngloGold Ashanti") is pleased to note that Moto Goldmines Limited ("Moto" or
the "Company") (TSX:MGL) (AIM:MOE) has entered into an arrangement agreement
with Randgold Resources Limited ("Randgold") to implement an acquisition of the
Company. The board of Moto has today unanimously recommended the transaction
(the "Randgold Transaction") to its shareholders.

The terms of the Randgold Transaction in the arrangement agreement are as
announced by Randgold on 16 July 2009, whereby Moto shareholders would receive
0.07061 of an ordinary share of Randgold (or, where applicable, 0.07061 of an
American Depositary Share ("ADS") of Randgold) per Moto share. In addition,
Moto shareholders would be provided with the option to elect to receive (in
lieu of Randgold shares or ADSs) cash consideration of US$4.47 per Moto share
in respect of all or some of their Moto shares, subject to proration based on
an aggregate maximum cash amount payable to all Moto shareholders of
approximately US$244 million.

Upon closing of the Randgold Transaction, which is conditional on customary
terms and conditions including the approval of Moto shareholders, AngloGold
Ashanti will acquire an indirect 50% interest in Moto for approximately US$244
million in cash, plus a 50% share in certain other transaction related
liabilities and expenses. AngloGold Ashanti has received all necessary
regulatory and other approvals to implement this transaction.

Shareholders are referred to separate announcements made by Moto and Randgold
today describing in greater detail the above arrangements.

Financial Advisor to AngloGold Ashanti

CIBC

Legal Advisors to AngloGold Ashanti

Fasken Martineau DuMoulin LLP

Shearman & Sterling LLP

JSE Sponsor

UBS

ENDS

Contacts

Tel:               Mobile:           E-mail:                                       
                                                                                   
Alan Fine (Media)  +27 (0) 11 637    + 27 (0) 83 325   afine@anglogoldAshanti.com  
                   6383              0757                                          
                                                                                   
Joanne Jones       +27 (0) 11 637    +27 (0) 82 896    jjones@AngloGoldAshanti.com 
(Media)            6813              0306                                          
                                                                                   
Sicelo Ntuli       +27 (0) 11        +27 (0) 71 608    sntuli@anglogoldashanti.com 
(Investors)        637-6339          0991                                          
                                                                                   
Stewart Bailey     +1 212 836 4303   +1 646 338 4337   sbailey@anglogoldashanti.com
(Investors)                                                                        

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, 2009 as 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.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.