Chelyabinsk Zinc, Russia’s leading producer of the metal, it has obtained information from unnamed public sources that it will be sold to a consortium led by two copper miners. For full story, click here
Russian copper miner UMMC is seeking to acquire Chelyabinsk Zinc from pipe maker CHTPZ, a department head at the Federal Anti-monopoly Service, which must approve the purchase. For full story, click here
Chelyabinsk Zinc Plant, Russia’s top producer of anti-corrosive metal, declared that it has made a net loss of $105 million last year, mainly due to low zinc prices. For full story, click here
Chelyabinsk Zinc Plant, will slash its planned production for next year to 150,000 tonnes due to the global financial turmoil. Sergei Moiseyev, chairman of Chelyabinsk Zinc Plant, said: Tight credit has resulted in a slowdown in zinc consumption in Russia and abroad. These factors, combined with the steep decline in the price of zinc on the London Metal [...]
Basic Element (BasEl) is in talks with OOO Lunsin (LLC Longxing) on the joint development of the Kyzyl- Tashtyg zinc and lead deposit the internal Russian republic of Tuva. For full story, click here
Low metal prices resulted in 80 percent decline of Q1 profits of Russia’s Chelyabinsk Zinc. For full story, click here
According to the First Mining Company, Russia faces shortage of zinc. Boris Zubarev, head of the mining company, was quoted as saying: The Chelyabinsk Zinc Plant, the country’s main zinc producer, has to import zinc concentrate. For full news, click here
Lundin minerals may be planning a voluntary exit from Ozernoye lead-zinc project in Russia. For more information on this story, click here
Russia’s largest producer of zinc, Chelyabinsk Zinc Plant reported that production of zinc and zinc based alloys increased 5.5 percent to 84,816 tonnes for the first half of 2008, as compared to the same period the previous year. For full news, click here
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