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06. September 2007

Russia's Chelyabinsk to ship zinc to Britain

Russia's Chelyabinsk Zinc Plant  will supply 22,000 tonnes of zinc annually to its new British acquisition, Brock Metal Co, the company said on Wednesday. This is more than 10 percent of its total production, Chelyabinsk, which produces about 60 percent of Russia's zinc, said in a statement it had begun supplying its first shipment of 1,000 tonnes to Brock Metal and that supplies would reach 6,000 tonnes already by the end of 2007.

"Brock Metal now has CZP as a guaranteed supplier of raw material, and our plant has a guaranteed customer," Chelyabinsk Zinc General Director Vsevolod Geikhman said.

He added Chelyabinsk would be able to supply more zinc to Brock Metal when the British firm raises capacity in the future.

London-listed Chelyabinsk Zinc agreed in June to acquire Brock Metal from Alumasc Group Plc  (see also magnesium.com for mor information about the take-over) for about $16.1 million. Brock Metal, based in Staffordshire in central England, is a supplier of zinc alloys.

Chelyabinsk, 148,384 tonnes of zinc last year. It plans to boost output to 200,000 tonnes by 2010 and to be self-sufficient in raw materials.

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