AngloGold Ashanti Limited announced that in relation to announcement from June 26, 2008 that The Bank of New York, AngloGold Ashanti’s American Depositary Share (ADS) rights agent, final has received acceptances and oversubscriptions for 32,624,944 ADS following the close of AngloGold Ashanti’s ADS rights offer on June 23, 2008. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Speculation is rife: the slumping global economy is expected to reduce demand for commodities. Investor confidence is shaken: Citigroup, the second-largest U.S. bank by assets, looks at options, including a sale of parts of the company or a merger. In the midst of all this gloom, there [...]
Reuters(africa) reports AngloGold Ashanti wants to increase gold production by 21% to 435,000 ounces of gold from Obuasi mine, Ghana. During an interview, Christian Rampa Luhembwe, AngloGold VP for West Africa says: “For the first time since 2004, Obuasi is moving ahead of budget by August. We’re seeing an exciting turnaround in operations.” For complete story, click this [...]
By Dave Brown – Exclusive to GoldInvestingNews.com We are now into the month of August, and much of the world is anticipating the arrival of the 29th Olympic Games in China. The year 2008, marks the year of the rat in the Chinese zodiac and the month of the August coincides with the symbol of [...]
MarketWatch reports AngloGold Ashanti’s board of director, Simon Thompson has resigned with effect from 28 July 2008. Chairman of AngloGold Ashanti, Russell Edey comments: “Since his appointment in 2004, Simon has provided invaluable guidance and support to the deliberations of the board. His resignation allows him the opportunity to pursue new opportunities and challenges. On behalf of the [...]
Reuters reports AngloGold Ashanti shares jumped more than 7 percent after it announced it had stopped its forward gold contracts this year to take advantage of rising prices. AngloGold, the world’s third biggest gold producer, said on Monday it cut its gold hedge by 39 percent or 4.4 million ounces from 11.3 million ounces at the start of the year, using [...]
AngloGold Ashanti reports that it has made substantial progress ahead of schedule in the reduction of its hedge book. The company capitalised on a weaker gold market during the second quarter in order to execute a combination of delivery into and early settlement of non-hedge derivative contracts. The number of committed ounces was reduced by 4.4 [...]
Bloomberg reports the world’s third-biggest gold producer, AngloGold Ashanti cut its forward sales contracts by 39 percent in the first half to benefit from high prices for the metal. AngloGold made “progress ahead of schedule in the reduction of its hedge book, to benefit from improved participation in the spot gold price earlier than anticipated,” the Johannesburg-based company [...]
(Share Data), Further to the announcement dated 23 May 2008, the rights offer circular was posted to all shareholders of record as of 6 June 2008 on 9 June 2008. Full News.
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