Kazakhmys maintains guidance despite first-quarter difficulties

Mining and power generation group Kazakhmys has maintained its full-year copper cathode production targets despite severe weather and transportation issues adversely affecting output in the first quarter of 2012.

Mining and power generation group Kazakhmys has maintained its full-year copper cathode production targets despite severe weather and transportation issues adversely affecting output in the first quarter of 2012.

Copper ore extraction of 8,491kt was in line with the preceding quarter and 8% higher than the first quarter of 2011, helped by increased output from increased output from the central and east regions of Kazakhmys, partially offset by lower output from the Zhezkazgan Region.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.