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Hedging, accounting costs blamed for Western Areas' $55M loss

DESPITE being crowned Digger of the year at a recent mining forum and raking in millions of dolla...

Charlotte Dudley
Hedging, accounting costs blamed for Western Areas' $55M loss

One-off hedging arrangements and accounting adjustments were the main reasons for the loss, detailed in the miner’s 2008 annual report. The company copped a $34.5 million loss after settling its hedge...

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