Will S. African Miners Gain from Weak Rand?
Source: Reuters, Ed Stoddard (9/27/11)
"South Africa's miners often benefit from a softer rand, and the currency has lost 16% in September alone."
South Africa's rand has lost about 16% in September.
Miners in the world's top platinum producer and fourth-biggest gold producer often benefit from a softer rand because it reduces their costs, though this has become less of a factor for gold miners as they spread their footprint elsewhere. . .View Full Article