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To: Ken Benes who wrote (54033)6/10/2000 7:21:00 PM
From: goldsheet  Read Replies (1) | Respond to of 116791
 
Harmony has a small hedge position (about 1moz, 542Koz forward, 486Koz calls sold, all in 2002/2003/2004) from the Randgold acquisition.

They previously reduced it by 1.4moz, with all 2000/2001 positions closed. They intend to eliminate all of it, consistent with Harmony's no hedge policy.

Check the March 2000 quarterly on their website: harmony.co.za