AngloGold Ashanti may reduce gold hedges

Section:

By Jon A. Nones
Resource Investor
Thursday, November 1, 2007

ST. LOUIS -- The world's third-biggest gold producer, AngloGold Ashanti, posted flat third-quarter headline earnings per share on Thursday but indicated willingness to buy out its gold hedge contracts prior to expiration.

In doing so, the company would join the ranks of No. 1 Barrick and No. 2 Newmont with hedge closures and absolute confidence in higher gold prices moving forward.

"We would like more exposure to a rising gold price," said AngloGold's new CEO, Mark Cutifani, in the company's third-quarter presentation. "We're positive on the gold price." ...

*

For the full story:

http://www.resourceinvestor.com/pebble.asp?relid=37376

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.

GATA is grateful for financial contributions, which are federally tax-deductible in the United States.