Tuesday 2 June 2015

Otmane El Rhazi : Anglo American to start hedging iron-ore in second half

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Global mining company Anglo American said it will start using iron-ore derivatives to hedge its exposure from the second half of this year in a move that should help further boost volumes in the fast growing financial market. "In the second half of this year we will definitely implement that (iron-ore hedging)," David Trotter, global head of iron-ore sales for Anglo American told Reuters at the Metal Bulletin iron-ore symposium in Vienna.

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