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AngloGold to reduce hedge book by 45%

Section: Daily Dispatches

By Jon A. Nones
Resource Investor
Wednesday, May 6, 2008

New CEO Mark Cutifani is not all talk. After months of openly expressing his distaste for AngloGold's massive gold hedge book, he announced plans during the company's quarterly results presentation on Tuesday to sell $1.6 billion worth of shares to cut the company's hedge book down by about 45%. ...

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