Miners eye pot of gold as Ashanti race hots up; Market Report.

From: The Evening Standard (London, England) | Date: August 11, 2003| Author: Clark, Michael | Copyright information

Byline: MICHAEL CLARK

A BIDDING auction is developing for Ghana's Ashanti gold mines after another suitor emerged over the weekend.

Ashanti says it has received an indicative proposal from Randgold, down 105p at 1250p, which is set to offer one of its own shares for every two of Ashanti. The terms value Ashanti at [pounds sterling]912 million, topping last week's [pounds sterling]680 million offer from Anglo American, up 20p at 1120p. Anglo was said to have re...

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