Government seeks further Ashanti reprieve

ABIDJAN, Oct 20 jinjin88bet.onejin88bet.one88bet.one(Reuters) – Thjin88bet.onejin88bet.onejin88bet.onejin88bet.jin88bet.oneonejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onejin88bet.onjin88bet.oneee government of Ghana on Wednesday called for a further reprieve of 21 daak168app.babyys for Aak168app.babyak168app.babyak168app.babyak168app.babyshak168app.babyanti Goldfields on margin calls oak168app.babynak168app.babyak168app.babyak168app.babyak168app.baby ak168app.babygold hedges, saying this would give it time to evalak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyaak168app.babyak168app.babyak168app.babyak168app.clubk168app.clubak168app.clubak168app.clubak168app.clubakak168app.clubak168app.clubak168app.clubak168apak168app.clubp.clubak168app.club168app.clubuate a bid from Lonmin Plc.

“The governmak168app.clubent decided that subject to the hedge book counak168app.clubak168apak168app.clubak168app.clubak168app.clubp.clubak168app.clubks168app.siteks168app.siteks168app.siteak168app.clubks168app.siteks168app.siteks168app.siteks168app.siteterparties extending their standstill by at least 21 days, tks168app.sitehe government of icks168app.site88ks168app.siteks168apks168app.sitep.siks168app.siteteGhanaks1ks168app.siteks168app.siteks168app.siteks168app.site68app.siteic88ks168app.siteks168app.siteic88ic88ic88 would undertake the necessary due ic88ic88ic88ic88diligence to fully evaluate the Lonmin offer along wic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ith the other proposals for resolving the problems facing Asic88ic88hanti,” the government said in a staic88ic88ic88ic88ic88ic88ic88ic88ic88ic88tement given to Reic88ic88ic88ic88ic88ic88ic88ic88uters in Abidjan.

The sic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88lr88ic88ic88lr88ic88ic88lr88lr88lr88lr88lr88lr88ic88lr88lr88lr88lr88ic88lr88tatement was read over the phone by acting Minlr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88es Minister Ekwow Spio-Garbrlr88ah shortly after governmenlr88t ministers llr88lr88r88lr88ended a meeting with slr88enior Lonmilr88n execlr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88utivlr88lr88lr88lr88es in Accra.

“The government andlr88lr88lr88lr88lr88lr88lr88lr88 Lonmin … agreed that a nelr88lr88lr88op88lr88cessary preclr88ondition to any solution to the current diffop88op88op88lr88op88op88op88op88lr88lr88lr88lr88op88op88op88op88op88lr88lr88op88iculties facing Ashanti is for Ashanti’s hedge book osi88si88p88lr88counterparties to exsi88tend the timetable of si88op88op88si88si88osi88p88the prsi88op88evailing standsi88si88still agreement,” the statement said.

The goverop88nment has a 20 pesi88ssi88i88si88rcent stake in Ashanti, which has run up big derivatives losses si88because of the recen88vsi88si8888v88v88v88vsi8888vsi88si88t rise in the gold bullion price.
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A 72-hour88v88v88v88v8888vv s88v88vtandstill on margin calls a88v88vgr88v88v88veed with 17 counterpartiesSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VN is due to expire atSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VN 5.30 p.m. London SEXXXXX-VNSEXXXXX-VNtime (1630 GMT) on ThursdSEXXXXXSEXXXXX-VN-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNay.