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In a game of what-if, how much longer could AngloGold have stayed in SA?
The history of miners hedging gold has been dismal, with more than one scalp claimed by getting on the wrong side of the price
22 September 2020 - 18:01
The departure of AngloGold Ashanti from SA’s gold mining industry is not only historically significant, it also raises questions about whether it could all have worked out a bit differently.
The world’s third-largest gold producer had a ghastly experience with a hedge book, which is a collection of contracts to sell future gold production at agreed prices...
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