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To: John Soileau who wrote (55843)	7/6/2000 11:08:58 PM
From: Enigma	Respond to of 116813

Yes - but look at ASL's share price - and as a result of its folly it had to sell half of Geita to Anglo.

To: John Soileau who wrote (55843)	7/6/2000 11:20:02 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116813

yep...it's crazy. that they have the gall to even mention the word 'protection' after this debacle is a remarkable display of chutzpa...if i were an ASL shareholder i'd be stonefaced with ire for the rest of my life....i'd have to wear a perpetual frown. i'd also have moved heaven and earth to get the inept morons responsible for this mess sacked, and tarred and feathered afterwards so as to make an example of them from which other gold mining executives may learn. it really is un-effing-believable...the glibness of this 'protection' remark after listing what a rising gold price produces in terms of losses for them...this really takes the cake. luckily i never touched the stock.

To: John Soileau who wrote (55843)	7/7/2000 7:10:41 AM
From: long-gone	Respond to of 116813

along those lines(from AU site): Date: Monday, June 26, 2000 Further to the joint announcement on 5 April 2000, Ashanti Goldfields Company Limited (Ashanti) and AngloGold Limited (AngloGold) are pleased to announce that they have signed the Agreement in respect of the acquisition by AngloGold of a 50% interest in Ashanti’s Geita gold project in Tanzania. The two companies have also agreed the terms of a Joint Venture Agreement which will govern how the two partners will jointly operate the Geita project. As previously announced, AngloGold will pay Ashanti US$205 million in cash for a 50% share of the project and will procure or provide project financing to the Geita project totalling US$130 million. Ashanti and AngloGold will each be responsible for repayment of 50% of this project financing from their respective shares of project cashflow. The transaction, which is subject to regulatory and governmental approvals and Ashanti shareholder and bank creditor approvals, is expected to be completed by the end of September. Geita is currently being commissioned and achieved its first gold pour earlier this month, three months ahead of schedule. Under the current mine plan, annual production is estimated at 500,000 ounces at an operating cash cost of under US$180 per ounce. The official opening of the mine is scheduled for 3 August. Disclaimer Except for the historical information which may be contained herein, there maybe 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 a 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 December 31, 1998 which was filed with the Securities and Exchange Commission on March 30, 1999. anglogold.co.za