SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2003.
ASHANTI GOLDFIELDS COMPANY LIMITED
(Translation of Registrant's Name Into English)
Gold House, Patrice Lumumba Road
Roman Ridge, P.O. Box 2665
Accra, Ghana
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing
the information contained in this form is also thereby furnishing
the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes No X
--- ---
(If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_____.
[LOGO OF ASHANTI HERE}
P R E S S R E L E A S E
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FOR IMMEDIATE RELEASE 14 FEBRUARY 2003
UPDATE ON PRELIMINARY RESULTS FOR THE YEAR ENDED
31 DECEMBER 2002
CLARIFICATION ON GEITA HEDGE TABLE
Ashanti wishes to clarify that the Geita Hedge Table disclosed on Page 4 of
Ashanti's Press Release, dated 13 February 2003, showed the full Geita Hedge
Book. Ashanti's 50% portion of the Geita hedge position is as set out below:
2003 2004 2005 2006 2007 Totals
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Forward Sales (ounces) 189,598 195,558 174,828 94,576 120,938 775,498
(US$/ounce) 285 289 294 296 298 291
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Puts:
Bought (ounces) 26,735 25,586 24,350 18,115 23,390 118,176
(US$/ounce) 291 291 291 291 292 291
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Lease Rate Proceeds (ounces) 400 - - - - 400
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Summary:
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Protected (ounces) 215,933 221,144 199,178 112,691 144,328 893,274
Committed (ounces) 189,198 195,558 174,828 94,576 120,938 775,098
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Lease Rate Swap (ounces) 156,301 116,774 76,301 41,420 - -
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ENDS
Enquiries:
Ashanti Goldfields Company Limited
S Venkatakrishnan -- Chief Financial Officer Tel: +44 207 256 9938
Mark Arnesen -- MD, International Treasury Tel: +44 207 256 9938
UK Contact
Corinne Gaisie -- Ashanti London Office Manager Tel: +44 207 256 9938
North American Contact
Allan Jordan -- Golin Harris International Tel: +1 212 697 9191
A copy of this release is available at http://www.ashantigold.com/releases.htm
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Seann316/ea*
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: February 14, 2003 ASHANTI GOLDFIELDS COMPANY LIMITED
By: /s/ Ernest Abankroh
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Name: Ernest Abankroh
Title: Company Secretary
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