Hedging to protect PDI's income against in LME zinc price
[Translation]
Ref. PDI/BK-BS-058/2005
3 October 2005
To : President
The Stock Exchange of Thailand
RE.: Hedging to protect Padaeng's income against any fluctuation in
LME zinc price.
In September Padaeng has sold forward 20,000 tons of the 2006
zinc production at an average price of 57,315 Baht per ton.
This forward sale is to protect Padaeng's income against
fluctuation in LME zinc price according to the strategic hedging
policy that has started in the end of 2004.
Please be informed accordingly.
Yours truly,
- Signature -
(Pinit Vongmasa)
Chief Executive Officer
Board Secretary Division
Tel. 0 2661 9900 Ext. 1402, 1501
Fax. 0 2661 9946