OREANDA-NEWS. February 01, 2012. Kazakhmys PLC presented Production Report for 12 Months and the Fourth Quarter Ended 31 December 2011. All production units of the company successfully completed assigned tasks, reported the press-centre of KASE.

Copper cathode production in line with guidance. Total cathode production of 301 kt for the full year. Production from own concentrate of 299 kt. Increase in ore volumes partly offset anticipated decline in copper grade. By-product output remained robust. Silver output ahead of guidance at 13 moz. Total gold production of 151 koz, ahead of target. By-product gold production of 118 koz, benefiting from higher ore volumes. Zinc output of 140 kt, impacted by lower output in the fourth quarter.

Kazakhmys Power continued to benefit from strong demand. Power generation increased by 15% from prior year at Ekibastuz GRES-1. Ekibastuz GRES-1 average realised tariff increased 20% from 2010. During the 12 months of 2011 net power generated at Ekibastuz GRES-1 increased by 15%, to 12,697 GWh, compared to the previous year. Net dependable capacity during the 12 months of 2011 was 28 MW above the comparative period in 2010, due to the commissioning of an electrostatic precipitator at Unit 5 (22 MW) and the installation of more efficient equipment at the other four operational turbines.

The weighted average tariff for electricity sold by Ekibastuz GRES-1 in the 12 months of 2011 was 5.38 KZT/kWh.