WMCR closes out 2005-08 hedge book

WMC Resources has closed out its 2005-08 currency hedge book for a net cash gain of $18 million on a deferred profit of $367 million.

WMCR closes out 2005-08 hedge book WMCR closes out 2005-08 hedge book WMCR closes out 2005-08 hedge book WMCR closes out 2005-08 hedge book WMCR closes out 2005-08 hedge book

WMCR chief executive Andrew Michelmore says both currency and commodity prices will only be hedged under specified circumstances such as major capital expansions.

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