Ashanti scraps note restructuring (July 08, 2002)

Ashanti Goldfields (ASL-N) has scrapped a proposed note restructuring, following a US$75-million, last-minute cash injection from 32%-owner Lonmin.Instead, the African gold miner will implement an early cash redemption of US$218.5 million worth of outstanding 5.5% exchangeable guaranteed notes (plus accrued...

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