Chelyabinsk Zinc Plant Reports 11,3% Production Increase
OREANDA-NEWS. On October 25, 2007 Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN), Russia’s largest producer of zinc and zinc alloys, announced its production results for the nine months period of 2007, reported the press-centre of Chelyabinsk Zinc Plant.
January to September 2007, Chelyabinsk Zinc Plant (CZP) produced 122,676 tonnes of SHG zinc and zinc based alloys, an increase of 11,3% as compared to the same period of 2006 (110,178 tonnes). 48% of the plant output was supplied to the domestic market.
CZP’s subsidiary, Nova Zinc LLC, the operator of Akzhal zinc and lead ore mine in Kazakhstan, processed 965,548 tonnes of ore in January – September of 2007, 6,8% more than for the same period of 2006 (904,208 tonnes). The average zinc content in the ore for the nine months of 2007 was 2,62% with the average lead content of 0,49%, compared to 2,9% and 0,63% respectively a year ago. Production of zinc in zinc concentrate for the nine months of 2007 decreased 3,6% to 23,365 tonnes over the prior year result of the same period of 24,229 tonnes. Lead in lead concentrate production decreased by 17,1% to 3,867 tonnes (vs. 4,668 tonnes in January – September of 2006).
CZP’s subsidiary, The Brock Metal Company Limited (the leading UK supplier of zinc and aluminum die-casting alloys) sold 6,669 tonnes of products in July – September 2007, 14.5% less than for the same period of 2006 (7,777 tonnes).
On Tuesday, October 30, 2007 CZP will present its IFRS consolidated interim financial statements for the 6 months ended 30 June 2007. At the same day at 6pm Moscow time (3pm London time, 10am New York time) CZP will host an Investor Conference Call to discuss its financial results and comment on current operations. Media are invited to attend on a listen-only basis.
To participate in the conference call dial one of the dial-in numbers as follows:
If dialing from Russia: (495) 981-0871
If dialing from UK: 0800 389 7473 (toll free)
If dialing from the USA: 1 866 297 7327 (toll free)
If dialing from countries other than specified please refer to
http://www.conferencing.bt.com/pdf/bookedglobalaccess/automated.pdf.
Once connected, the participant should enter the passcode: 136 984#
To join the web conference, paste the following link into the address bar of your web browser:
https://www.livemeeting.com/cc/btconferencing_eventsssl3, then enter your Meeting ID/Meeting number: K3737763 and Password: 136984A.
The recording of the conference call and the presentation will be available on CZP’s web-site (www.zinc.ru) in the Investor Relations section.
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