JOHANNESBURG, April 10 (Reuters) - South Africa’s largest gold producer AngloGold said on Wednesday it was"aggressively" running down its hedge book because of market conditions and a strong bullion price.

"We’ve continued to manage our hedge book aggressively and we are taking out the weaker positions in the hedge book right now so that going forward we don’t have a long period when we will be receiving lower prices, or incurring an opportunity loss," said AngloGold Financial Director Jonathon Best.

"We haven’t changed our hedging policy per se, but market conditions at the moment dictate that we are running down our hedge book and we have been for a little while," Best told Reuters.

AngloGold closed 1.7 million ounces in its hedge book in the last quarter of 2001, leaving it with 14.6 million ounces.

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