Differing views exposed

摘要

There are still a few fundamental differences between the corporate philosophies of two of the world's largest gold producers and one of then: remains hedging. The respective attitudes of the US-based Newmont Mining Corporation and Canada's Barrick Gold Corporation towards forward selling again came under the spotlight at this year's Diggers & Dealers Mining Forum in Kalgoorlie-Boulder. When Newmont re-entered Australia in early 2002 via the merger of Normandy Mining Ltd and Franco-Nevada Mining Corporation Ltd, it brought with it a very vocal no hedging mantra.