mateo78
/ 80.241.130.* / 2009-03-16 14:32
na bank kurs pójdzie na północ, dodatkowo jeszcze KGHM przewiduje zysk w wysokości ok. 203 mln $ z hedgingu
http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=80232&sn=Detail
Copper hedges could generate $203 million for KGHM
Polands copper producing major, KGHM, says that its copper hedges, set at $6,000/tonne, could generate an extra $203 million in the first half of the year, but decline thereafter
Posted: Saturday , 14 Mar 2009
WARSAW (Reuters) -
Poland's copper miner KGHM (KGHM.WA: Quote) may generate 714 million-zloty ($203 million) income from hedging in the first half, aided by a slide in the local currency, company official told Reuters on Friday.
KGHM has hedged 63,000 tonnes, or around a fourth of the first half output, at more than $6,000 per tonne. Three-month copper MCU3 traded around $3,688 a tonne on Friday.
State-controlled copper miner is also benefiting from this year's 15-percent decline of the Polish zloty against the dollar in which its production is priced.
"We can assume that with copper prices at around levels seen in December and following the significant weakening of the zloty, the positive result on the hedging transactions should reach at least 714 million zlotys in the first half," said Marcin Mostowy, the head of KGHM's hedging department.