BRIEF-AngloGold Ashanti to sell Navachab mine to QKR unit

JOHANNESBURG, Feb 10 (Reuters) - AngloGold Ashanti Ltd ANGJ.J :

* AngloGold Ashanti enters into agreement to sell Navachab mine

* Says signed a binding agreement to sell its entire interest in AngloGold

Ashanti Namibia

* Agreement provides for an upfront consideration based on an enterprise value

of US$110 million

* Says AngloGold Ashanti will continue to operate navachab until the closing of

the transaction.

* Says the NSR is to be paid quarterly for a period of seven years

* Value will be adjusted to take into account agan's net debt, working capital

position on closing date

* Says payments wil be made following the second anniversary of the closing

date

* Namibian, South African regulatory, third party approvals are expected to be

obtained over next several months

* Price to be determined at 2% of ounces sold by Navachab during quarter

subject to an average gold price of US$1,350 per ounce

((Johannesburg Newsroom; +27 11 775 3155)) (( For more, double click on Href="NewsSearch">ANGJ.J ))