Kazakhmys on track to hit full-year output targets
Diversified mining group Kazakhmys remains on track to meet its full-year production targets this year, as it ramps up production after Kazakhstan's severe weather felt at the start of the year.
Diversified mining group Kazakhmys remains on track to meet its full-year production targets this year, as it ramps up production after Kazakhstan's severe weather felt at the start of the year.
Copper ore extraction improved 6% to 17,487kt in the first six months of the year, driven mainly by an increase in output from the Central Region. Ore extraction rose 6% from the previous quarter. "All regions benefited from improved weather conditions and equipment availability after the harsh weather experienced in Q1 2012."
Copper cathode production fell by 12% year-on-year to 134.7kt, reflecting the lower volume of copper in concentrate produced and the planned repairs to the Balkhash smelter during March and April. Nevertheless, full-year production targets for copper cathode still stand between 285 and 295kt.
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Elsewhere, zinc, silver, gold and dor production all declined over the year half year.
Chief Executive Officer Oleg Novachuk said: "It is a challenging global environment, but I look forward to reporting our half yearly results in August."
BC
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