CAPITAL MARKETS

Ashanti hedging to be cut

CLOSING a big portion of the hedge book of Ashanti Goldfields is expected to take more than a year, according to new owner of the Ghana-based miner, AngloGold.

Tim Treadgold
Ashanti hedging to be cut

The combined companies are believed to have hedges in place totalling 13-14 million ounces of gold – more than a five-year rolling target set by AngloGold. Industry analysts said the aim of the sell...

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