Denver, CO (Sept. 22, 2011) – AngloGold Ashanti’s Chief Executive Officer Mark Cutifani and Vice President/General Manager of Cripple Creek & Victor Gold Mining Company (CC&V) Ray DuBois presented gold mined in Colorado to Governor John Hickenlooper and Share in the Care Colorado Honorary Chairman Senator Hank Brown today at the capitol in support of the initiative to restore the dome of Colorado’s iconic statehouse.
The gold doré bullion (an alloy of gold and silver) displayed at the event today weighed 55 pounds, contained 675 troy ounces of gold and 195 ounces of silver valued at $1.19M based on a 9:30 a.m. London gold price. Gold needed for the re-gilding of the dome is estimated at 72 ounces. AngloGold Ashanti will donate up to 72 ounces for the re-gilding process making the donation’s value an estimated $127,000 based on today’s morning London gold price.
State legislators, sponsors of Share in the Care Colorado and local business leaders gathered in the west foyer as a 55 pound doré bullion mined at CC&V’s operation in southern Teller County was presented to Governor Hickenlooper. The doré bullion, also known as a button, will be tracked by a chain of custody from mine to smelter to gold-leaf manufacturer so that the tradition established in 1908 of using 100 percent pure Colorado gold on the dome will be reestablished. The company’s gift of the required 72 troy ounces of 24 karat gold leaf will be reapplied to the dome toward the end of a comprehensive restoration effort expected to conclude in July of 2014.
“The gold dome on the state Capitol is one of Colorado’s most recognizable symbols,” Governor John Hickenlooper said. “The gold is a true Colorado treasure and represents the state’s past, present and future. Today’s donation of gold, mined in our own backyard, will help complete the Capitol restoration and serve as a symbol of Colorado’s natural resources. We are grateful to the people, business and community leaders throughout the state who are supporting the Share in the Care Colorado project.”
“Participating in this initiative aligns with AngloGold Ashanti and CC&V’s values in that safety is number one and the community and society in which we operate will be better off for us having been there, “AngloGold Ashanti’s Chief Executive Officer Mark Cutifani said. “The donation of gold from CC&V has been mined by employees dedicated to safety and environmental stewardship. They all take pride in knowing they played a significant role in the restoration of the capitol dome.”
The exterior structure of the dome and the architectural details that decorate its surface are made of cast iron. Water infiltration and the intense freeze-thaw cycle of the Colorado climate has weakened the mild steel bolts and screws holding the hundreds of pieces of the architectural assembly together. The observation deck has been closed to all visitors since a portion of the cast iron cladding fell on it when fasteners failed in 2006. A complete assessment of the damage has been completed since then, and beginning in the winter of 2012 the dome will begin. The extensive repair process, which involves complete removal of paint covering the cast iron and the replacement of the 110 year-old bolts with new stainless steel fasteners, is expected to take more than two years.
In addition to repairing the cast iron, the gilded copper roofing surface of the dome will be removed and recycled prior to its complete restoration. . Share in the Care Colorado is working to arrange the donation of the copper sheeting to which new gold leaf produced from the metal donated today by AngloGold Ashanti and the Cripple Creek & Victor Gold Mining Company, will be applied.
In 2010, the legislature appropriated $4 million from the State Historical Fund (SHF) so that restoration efforts could begin. Colorado Preservation, Inc., a non-profit organization founded in 1984 to promote historic preservation by providing information, education, training, expertise and advocacy, has taken on the critical role of heading up Share in the Care Colorado to raise the remaining $13 million needed by July 2014. The goal of the campaign is to raise the funds to repair the dome privately so that the dome can be restored and the capacity of the SHF, which is so important for every community in the state, can be maintained. By raising the funds needed to restore the dome privately, an equal amount of money can be retained in the State Historical Fund grant program, which creates $6 of economic activity for every dollar it awards. That means by raising the remaining $13 million needed for the restoration, the people of Colorado will help to secure $78 million of economic activity in communities across Colorado at a time when they need it most.
In addition to the gift of gold from AngloGold Ashanti and the Cripple Creek & Victor Gold Mining Company, many individuals, local businesses and non profit organizations have already stepped up to help including the Colorado Mining Association, KUSA/9News, the Colorado Education Association, Comcast, KEZW and KOSI radio, CBS Outdoor, AT&T Colorado, Colorado Humanities, Circuit Media, and Havey Productions.
Support from AT&T Colorado has also made it easy for the public to participate in the campaign. Simply text the word DOME from any wireless phone or device to 50555 to make a $10 donation. To give more, donate online at www.ShareInTheCareColorado.org or send your gift by check made payable to Capitol Restoration Trust Fund c/o Colorado Preservation, Inc., 2100 Downing St., Denver, CO 80205. ALL individual donations go directly to the restoration of the capitol dome.
About CC&V: Cripple Creek & Victor Gold Mining Company (“CC&V”) is principally owned and managed by AngloGold Ashanti (Colorado) Corp., a wholly owned subsidiary of AngloGold Ashanti North America Inc. (AGANA), an indirect wholly owned subsidiary of AngloGold Ashanti Ltd., one of the world's largest gold producers.
About "Share in The Care Colorado": Share in the Care Colorado, the statewide campaign to restore the Colorado Statehouse dome, is our shared opportunity as Coloradans, whether we are new or longtime residents of the State, to celebrate our history and be good stewards of the treasures of Colorado for future generations. Colorado Preservation, Inc., a non-profit organization founded in 1984 to promote historic preservation in our State by providing information, education, training, expertise and advocacy, has taken on the critical role of heading up Share in the Care Colorado.