Ashanti weighs options as Lonmin cuts offer

By Ben Hirschler and Nicholas Kotch

LONDON, Oct 18 (Reuters) –jin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88jin88bet.onejin88bet.onejin88bet.onejin88bejin88bet.onejin88bet.onet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onebet.one Ashanti Goldfields Co Ltd and the Ghanaian government said on Monday thak168app.babyak168app.babyak168app.babyey were considerinak168app.babyak168app.babyg all ak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyoptions after Lonmin ak168app.babyakak168app.baby1ak168app.baby68app.babyak168app.babyak168app.babyak168app.babyak168app.clubPlc cut its offer for theak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.club group by 20 percenak168app.clubt.
ak168app.club
Lonmin amended its offeak168app.clubr to 16ak168app.clubks168app.siteks168app.siteks168app.site shares for every 27 Ashanti shares, down from the previoks168app.siteks168app.siteks168app.siteuks168app.sites proposed ratiks168app.siteks168app.siteks168app.sks168app.siteiteks168app.siteks168app.siteks168app.siteks168app.siteks168app.siteoks168app.siteks168app.site of 32 to 43, in a move which anks168app.siteks168app.sitealystsic88 said reflic88ic88ic88ected the hedging problic88ic88ems closing in on Africa’s third largest gic88ic88ic88ic88ic88old proic88ducer.

The revised bid vic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88alues Ashanti at around $665 million, or $ic885.95 a share,ic88ic88iic88c88ic88ic88ic88ic88ic88ic88ic88 against the previous ofic88ic88ic88ic88ic88ic88ic88ic88fer from Lonmin — which already owns 32ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88lr88lr88ic88ic88lr88lr88ic88ic88lr88lr88lr88lr88lr88lr88ic88lr88ic88 percent of Ashanti — worth $7.50.

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“Therlr88lr88lr88lr88lr88lr88lr88lrlr8888ic88lr88lr88e is a gap inlr88lr88lr88lr88lr88lr88 lr88lr88lr88the valuation that we have to sort out,” salr88lr88id Ashanti’s senior spokesman, Jameslr88 Analr88lr88man, by telephonelr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88 from Accra. “We are lookilr88lr88lr88lr88nglr88 at lr88that critically alr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88nlr88lr88d we have other possibilities alongside this onop88op88op88lr88op88lr88op88op88lr88op88lr88lr88e that we are assessing.”

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Ghana’s government — wop88si88op88lr88hich has a 20 percent stake and a veto vote in the country’slr88 biggest company — echop88oed thasi88op88t view, saying it op88would be talking to other pop88si88si88si88otesi88opsi8888si88si88op88si88sisi8888si88si88op88ntial investorsi88s who had expressed an interest.si8888v88vsi88si88si8888v88v88vsi8888v

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Industry sources said other potential suitors incl88v88v88vuded South Afric88v88v88v88v88v88v88v88va’s AngloGold Ltd, which has long coveted Ashanti’s rich gold mines, and Barrick Gold Corp of Canada, whicSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXXSEXXXXX-VN-VNSEXXXXX-VNSEXXXXX-VNSEXXXSEXXXXX-VNSEXXXXX-VNXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSESEXXXXX-VNXXXXX-VNh is SEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNkeen on the Geita gold project in Tanzania.

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