Chelyabinsk Zinc to reduce investment post H1 loss
Russia’s Chelyabinsk Zinc Plant has abandoned plans to develop a mine near its main production asset and will cut investments after falling metal prices led to a H1loss.
Troika Dialog, metals analyst Sergei Donskoi, said:
The management has no other option but to cut production in order to preserve cash.
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Mon, Nov 3, 2008
Post by Melissa Pistilli, Zinc Senior Reporter