KAZAKHMYS PLC Informed about Activity Results
OREANDA-NEWS. On October 28, 2007 Company KAZAKHMYS PLC (London), common shares of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had provided KASE with the press-release in which the following is informed, reported the press-centre of KASE:
Brief production report of Kazakhmys PLC for nine months and third quarter, finished on September 30, 2007.
- General production of cathode copper for the first nine months of year 2007 made 277,1* th. tons, which is by 6% less than for similar period of year 2006.
- Total volume of produced cathode copper decreased by 5% in third quarter compared to previous quarter, to 86,7 th. tons, while production of cathodes from own concentrate increased by 8% to 85,9 th. tons, due to processing of raw materials, accumulated earlier.
- Production of accompanying production as a whole reflected the lower level of ore extraction:
- Production of zinc in concentrate for first nine months of 2007 made 101,2 th. tons, which is by 6% less in comparison to similar period of 2006.
- Production of gold from own concentrate increased by 3%, while production of silver decreased by 7%, compared to first 9 months of year 2006.
- Exploitation readiness and effectiveness of usage of equipment continue to influence on volumes of production, though it can be seen the improvements in some fields, it remains the priority in work of state.
Oleg Novachuk, General Director of Kazakhmys PLC told: "As it was mentioned in production information, published earlier in this month, volume of production decreased in past quarter, and despite we are trying to increase volume of production in the rest months of this year, the production of cathode copper from own ore in year 2007 possibly will be lower then level of year 2006. Main tasks, under which the management is working now, are maximal increase of effectiveness of existing organizations and also realization of different projects of development and widening of the company, and I will be glad to provide the latest information about production indicators of the company in preliminary report for year 2007".
* excluding topping material
- Full version of press-release of KAZAKHMYS PLC is available at:
- http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_241007.pdf in Russian language;
- http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_241007e.pdf in english language.
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