The great black hope.(Sam Jonah and financial problems of Ashanti Goldfields)(Ashanti Goldfields)(Brief Article) From: The Economist (US) | Date: November 13, 1999 | COPYRIGHT 1999 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Sam Jonah used his African roots and connections to make a success of Ashanti--only to find that they helped to cause his ruin

THIS should have been a good month for Sam Jonah. For years he has won praise as one of black Africa's sharpest businessmen. Ashanti Goldfields, the Ghanaian mining concern he runs, had been one of the developing world's most prominent firms. That achievement was to have been recognised by Comex, one of the main commodities exchanges, which, insi...

Related newspaper, magazine, and journal articles from HighBeam Research

	The great black hope.(Sam Jonah and financial problems of Ashanti Goldfields)(Ashanti Goldfields)(Brief Article) The Economist (US) ; Sam Jonah used his African roots and connections to make a success of Ashanti--only to find that they helped to cause his ruin THIS should have been a good month for Sam Jonah. For years he has won praise as one of black Africa's sharpest businessmen. Ashanti Goldfields, the Ghanaian mining concern
	Lonmin scales back offer for Ghana's Ashanti Goldfields The Independent - London ; ASHANTI GOLDFIELDS, the troubled Ghanaian mining company targeted by Lonmin, won a two-day reprieve from its hedge-book counterparties yesterday as the mining rump of Tiny Roland's Lonrho scaled back its offer for the African gold group. It is understood that Ashanti, which faces margin calls of
	Bank's sale sends the gold price into freefall Evening Standard - London ; THE gold price tumbled to fresh 20-year lows today, continuing yesterday's slide after the Bank of England sold off 25 tonnes of its gold bullion reserves. Just minutes after the start of European trading the gold price was quoted at $255.50 an ounce, well below the $257.10 trough hit yesterday.
	Barclays to launch bonds linked to gold price The Sunday Telegraph London ; BARCLAYS Bank is to take advantage of the current enthusiasm for investing in gold by launching guaranteed bonds linked to movements in the gold price. Gold, a traditional safe haven in times of uncertainty, has been in huge demand over the past three years as investors sought to avoid the volatile
	Precious metal glistens as gold price hits new high.(News) The Mercury (South Africa) ; BYLINE: YUSUF MOOLLA & Sapa-AFP LOCAL jewellers say they are unlikely to reap any major benefits from the current surge in the gold price - which reached a record high of almost $868 an ounce yesterday. Although gold jewellry sales were up over the festive season, they said this was not
	Bullion traders caught short as gold price surges The Independent - London ; ASHANTI GOLDFIELDS, the giant African miner, became the first big player yesterday to reveal it had unwound most of its hedging positions this week as the gold price soared. The move came as the market was gripped by rumours that traders and hedge funds had lost millions on gambles that the gold
	Gold price rise to continue unabated. Investment Adviser ; The gold price will hover around the US$500 an ounce mark before continuing its climb skyward, Merrill Lynch's commodities expert Dr Graham Birch has claimed. Mr Birch, manager of the AGBP470m Merrill Lynch Gold & General Fund, said the drivers that had pushed the gold price past the
	Gold price soars by $15 1/2 on sales freeze Evening Standard - London ; ... as dealers gave a resounding welcome to news that Europe's biggest central banks have ... commodity research at GNI, described the news as "a good piece of PR" by the banks but ... reaction had been a "fair appraisal" of the news. "It won't fully convince traders that ...
	Outlook: Lonmin/Ashanti The Independent - London ; IT IS not often during the cut and thrust of a takeover bid that the terms of an offer are scaled back. In this country, such manoeuvres would almost certainly fall foul of the Takeover Panel. But then, Ashanti, Ghana's largest commercial concern is registered in, and run from, Accra. At the
	Ashanti's value may reach pounds 1.1bn The Independent - London ; ASHANTI Goldfields, 45 per cent owned by Lonrho and operator of one of the largest gold mines in the world, is set to be valued at between $1.42bn and $1.67bn ( pounds 950m and pounds 1.1bn) after next month's international offering of 26.8 per cent of its shares, mostly owned by the government of

See all results.