17 May 2011
On 16 May 20011, a number of the Tanzanian Police (FFU) came under sustained attack by approximately 800 criminal intruders who illegally entered the North Mara mine site and attempted to remove ore from the run of mine (ROM) pad.
The FFU had been called to the area to respond and were set upon by the criminal intruders armed with machetes, rocks and hammers.
According to information received, a number of intruders sustained gunshot wounds, resulting in seven intruder fatalities and twelve injuries.
The police have begun an investigation into the incident. Additional police have been deployed to the area. African Barrick Gold has also initiated an internal company investigation. There have been no material impacts to the operation or production.
Although full details are yet to be confirmed, African Barrick Gold sincerely regrets any loss of life or injury on or near its mine sites. The company will continue to support the government and the community in their efforts to improve law and order and security in the North Mara region.
For further information contact:
African Barrick Gold plc
Andrew Wray +44 (0)207 129 7150
Finsbury + 44 (0)20 7251 3801
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of ABG in any jurisdiction.
This announcement includes “forward-looking statements” that express or imply expectations of future events or results. Forward-looking statements are statements that are not historical facts. These statements include, without limitation, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future production, operations, costs, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words “plans,” “expect,” “anticipates,” “believes,” “intends,” “estimates” and other similar expressions.
All forward-looking statements involve a number of risks, uncertainties and other factors, many of which are beyond the control of ABG, which could cause actual results and developments to differ materially from those expressed in, or implied by, the forward-looking statements. Factors that could cause or contribute to differences between the actual results, performance and achievements of ABG include, but are not limited to, political, economic and business conditions, industry trends, competition, fluctuations in the spot and forward price of gold or certain other commodity prices, changes in regulation, currency fluctuations (including the US dollar, South African rand and Tanzanian shilling exchange rates), ABG’s ability to successfully integrate future acquisitions, ABG’s ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, and to timely and successfully process its mineral reserves, risk of trespass, theft and vandalism, changes in its business strategy as well as risks and hazards associated with the business of mineral exploration, development, mining and production. Although ABG’s management believes that the expectations reflected in such forward-looking statements are reasonable, ABG cannot give assurances that such statements will prove to be correct. Accordingly, investors should not place reliance on forward looking statements in this announcement. Any forward-looking statements in this announcement only reflect information available at the time of preparation. Subject to the requirements of the Disclosure and Transparency Rules and the Listing Rules or applicable law, ABG explicitly disclaims any obligation or undertaking publicly to release the result of any revisions to any forward-looking statements in this announcement that may occur due to any change in ABG’s expectations or to reflect events or circumstances after the date of this announcement. Nothing in this announcement should be construed as a profit forecast or estimate.