Bloomberg News

AngloGold Says Tanzanian Mining Agreement Remains in Place

October 20, 2011

Oct. 20 (Bloomberg) -- AngloGold Ashanti Ltd., the world’s third-largest mining company, said its Mining Development Agreement in Tanzania remains in place “from our perspective.”

AngloGold commented on Tanzania’s plan to raise the royalty rate applicable to gold and other metal producers to 4 percent from 3 percent. The Johannesburg-based company commented in an e-mail today.

To contact the editor responsible for this story: Carli Lourens at clourens@bloomberg.net


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