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DRD turns lights off on hedging

SOUTH African miner Durban Roodepoort Deep has taken advantage of the current low Rand gold price...

Rebecca Keenan
DRD turns lights off on hedging

The hedge is a ‘gold for electricity’ contract with Eskom, the South African power utility, and was mostly closed out earlier this year. The remaining 135,000 ounces under the contract covers the period...

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