ZALK Redoubles Lobbying Effort For Preferential Electricity Tariffs.

Zaporizhzhya Governor Yuriy Artemenko on September 21 said he has worked out an agreement with the Zaporizhzhya Aluminum Mill?s (ZALK: BUY) management to help the company return to the differentiated electricity tariffs ZALK enjoyed in 2002 -2004. MP Ivan Bastryga, ZALK?s former CEO, and deputy minister of industrial policy Serhiy Gryshchenko also support the company?s return to preferential tariffs. Concorde Capital: Differentiated electricity tariffs would significantly reduce ZALK?s production costs and allow the company to post healthy margins in 2006 near its 2004 levels. (Please refer to our company report from September 6, 2005)