Anglogold sees 17% discount to spot on hedge closure

KALGOORLIE, Australia Aug 6 (Reuters) - South Africa-based gold miner Anglogold Ashanti Ltd (ANGJ.J) said it will realise an average gold price roughly 17 percent below the spot price in the second half as it closes out more of its gold hedge book.

"We'll see a 17 percent discount to spot in the next two quarters and as we come into 2009 that discount will be reduced to 6 percent," Anglogold Chief Executive officer Mark Cutifani said. (Reporting by James Regan)