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New Century locks in hedging for about a quarter of production

NEW Century Resources has locked in pricing of US$1.32 per pound of zinc for about 25% of its annual payable production over the next three years.

Michael Quinn
Century, Qld

Century, Qld

The pricing for 90,000t of zinc over the next three years - or 2500t per month - is "higher than any three-year average US dollar zinc price in history". The agreement was struck with Macquarie Bank...

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