US STOCKS-Anglogold Ashanti shares drop 16 pct; miners weigh on ADR index

Valecha Engineering

10/09/2014 16:46

By Caroline Valetkevitch 
    NEW YORK, Sept 10 (Reuters) - U.S.-listed shares of South 
African gold miner AngloGold Ashanti Ltd  AU.N  were among the 
biggest percentage decliners on the New York Stock Exchange 
Wednesday after it announced a $2.1 billion rights issue and 
plans to spin off its non-South African assets in a new 
British-based company.  ID:nL5N0RB1VI  
    The stock was down 16 percent and was on track for its 
biggest daily percentage decline since 2008. 
    Shares of other overseas producers were lower as well, 
including South Africa's Gold Fields  GFI.N , down 3.5 percent. 
Shares of Brazilian miner Vale  VALE.N  was down 1.9 percent 
while shares of BHP Billiton  BHP.N  were down 0.9 percent. 
    The declines were weighing on the broader ADR market. The 
BNY Mellon index of leading ADRs  .BKADR  was down 0.1 percent. 
    Index snapshot at 11:37 EDT: 
    * S&P 500  .SPX  up 0.54 points, or 0.03 percent. 
    * Nasdaq Comp  .IXIC  up 10.34 points, or 0.23 percent. 
    * Dow industrials  .DJI  up 12.14 points, or 0.07 percent. 
    * Russell 2000  .TOY  down 0.86 points, or 0.07 percent. 
    * S&P MidCap  .IDX  down 3.3 points, or 0.23 percent. 
    * S&P SmallCap  .SPCY  off 1.23 points, or 0.19 percent. 
 
 (Editing by Bernadette Baum and Nick Zieminski) 
 ((ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; 
Reuters Messaging: 
ryan.vlastelica@thomsonreuters.com@reuters.net @RV_Reuters)) 
  
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