KAZ Minerals’ Aktogay project up and running

KAZ Minerals has produced its first saleable copper concentrate from sulphide ore at the Aktogay project, consistent with the Group’s most recent guidance for output to commence in the first quarter of 2017. Shipments of concentrate from Aktogay are expected to begin imminently.

The Aktogay sulphide concentrator will now ramp up with the target of achieving commercial levels of output in the second half of 2017. Production guidance for Aktogay in 2017 will be issued along with the Group’s full year results announcement on 23 February 2017.

Oleg Novachuk, Chief Executive, said: “I am delighted to be able to announce the commencement of copper concentrate output from sulphide ore at Aktogay. Both of the Group’s major growth projects are now fully operational. Our production continues to grow strongly and is on track to reach 300 kt of copper per annum by 2018, with around 80% coming from our new low cost, open pit mines.”

At 2:51pm: (LON:KAZ) Kaz Minerals PLC share price was +11.5p at 582p

Story provided by StockMarketWire.com