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Hedging can be used as a means of generating profit in the resource industry. Is this claim realistic?
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Hedging can be used as a means of generating profit in the resource industry. Is this claim realistic? Wil Lim Introduction Ask a financially savvy person on what the term hedging would mean and most likely the answer will be this: a strategy intended to reduce investment risk. In the resource sector, hedging is widely used as an instrument to take a position in the futures market, in opposite to the spot market so as to minimise the risk of any financial loss due to adverse price changes. Sons of Gwalia, established in Western Australia, 1983, is a well known mining company supplying more than half of global tantalum demand and was the third largest gold producer in Australia with a sustainable gold production of 500,000 ounces per annum level. In the past 15 years, Sons of Gwalia transformed itself from a gold miner to a financial engineering business which made hedging as...
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