Chelyabinskiy Tsinkovyi Zavod PAO logo

CHZN - Chelyabinskiy Tsinkovyi Zavod PAO News Story

RUB414 -4.0  -1.0%

Last Trade - 25/04/16

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 0

ChelyabinskZincPlant: Chelyabinsk Zinc Plant Announces About Acquisition

NEWS RELEASE                                  

                                          For Immediate Release - 10 June, 2015

              Chelyabinsk Zinc Plant Announces About Acquisition               

Chelyabinsk, Russia - June 10, 2015 - Chelyabinsk Zinc Plant (LSE, MICEX-RTS:
CHZN), Russia's largest producer of zinc and zinc alloys, is pleased to
announce the conclusion of share purchase agreement of JSC "Korbalihinsky mine"
dated June 09, 2015.

Basic conditions:

- Seller - JSC "Sibir-Polymetal"

- Amount of transaction - RUB 3,400,000 thousand.

- Due date - within 2 days from the date of fulfilment of all conditions
precedent in accordance with purchase agreement.

This agreement is not a major transaction and the amount of deal is 18.11% of
the JSC CZP value of assets (value of the assets - RUB 18,774,653 thousand). In
accordance with Russian law approval is not required.

About Korbalihinsky mine

Korbalihinsky mine is the largest deposit of polymetallic ores on the territory
of the Russian Federation. Total reserves are estimated at 26 mln tonnes of ore
with high content of zinc (more than 6%), copper, lead, gold and silver.
Nowadays mine is under development. After reaching the project capacity
production can be up to 1 mln tonnes of ore per year.

About Chelyabinsk Zinc Plant

Chelyabinsk Zinc Plant is the leading Russian zinc producer. In 2014 the plant
produced 168,601 tonnes of saleable SHG zinc.

According to consolidated IFRS accounts, revenue in 2014 was RUB 16,508 mln and
EBITDA was RUB 3,825 mln.

Ordinary shares of CZP are traded on the Moscow exchange MICEX-RTS under ticker
CHZN and Global Depository Receipts (GDR) are traded on the London Stock
Exchange under ticker CHZN.

                                                   Investor and Media Contacts:

                                             Natalya Vasilieva, PR,

                                                        Tel: +7 (351) 799-01-52

                                              Evgeny Ponomarev, IR,

                                                          Tel: +7 963 998-55-58

This announcement may include forward-looking statements. CZP's actual results
may differ materially from those made in or suggested by the forward-looking
statements contained in this announcement. By their nature, forwarding-looking
statements involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future performance. Even if
the actual results are consistent with the forward-looking statements contained
in this announcement, those results may not be indicative of results or
developments in future periods. CZP does not undertake any obligation to update
any forward-looking statements to reflect events that occur or circumstances
that arise after the date of this announcement. 


Copyright © 2015 PR Newswire Association, LLC. All Rights Reserved
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.