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To: Tom M who wrote (62202)	12/23/2000 9:02:20 PM
From: long-gone	Respond to of 116954

Sure Tom, Thanks & best of the holidays to you, but next year you must post more.

To: Tom M who wrote (62202)	2/8/2001 10:07:03 AM
From: long-gone	Respond to of 116954

Navachab Pit Expansion on Schedule Date: Thursday, February 08, 2001 The expansion of the pit at AngloGold’s Navachab gold mine near Karibib is proceeding on schedule and within budget, according to mine manager Frank Bethune. The project, which will extend the life of Namibia’s only gold producer by two years to 2005, involves the mining of additional ore reserves on the existing pit’s western perimeter. Removal of some 12 million tons of overburden in order to expose the gold-bearing ore began in May 1999. Mining of the ore, which has an average grade of 1.74 grams per ton, is now under way, according to Bethune. The expansion will yield an additional six tons of gold. A major expansion of the pit to extend the operation’s life significantly beyond 2005, has been ruled out by the findings of a recently completed feasibility study, Bethune disclosed. While considerable capital investment in new mining equipment, a new treatment plant and in overburden stripping would be required for any substantive expansion, latest exploration drilling had shown that the grade of the mine’s ore did not increase with depth, nor were there additional economic ore reserves. These factors, together with the current low gold price, meant that any further major expansion of the pit would not be viable, he said. On a positive note, however, Navachab would continue to investigate the possibility of smaller expansions similar to the western expansion currently under way. 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