KAZAKHMYS Presents Production Report for 2011
OREANDA-NEWS. February 13, 2012. KAZAKHMYS PLС (London), whose shares are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release, reported the press-centre of KASE:
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- 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.
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