OREANDA-NEWS. March 05, 2012. This statement provides operational and unaudited financial results for Kazakhmys' managed businesses. The statement excludes the contribution from ENRC PLC, in which Kazakhmys has a 26% shareholding. The consolidated preliminary full year results of Kazakhmys, including the contribution from ENRC, will be released on 27 March 2012, reported the press-centre of KASE.

Segmental EBITDA (excluding special items and share of associate ENRC) of USD 1,959 million. Copper benefited from continued strong demand with an average realised price of \\$8,756 per tonne, an increase of 16% on 2010. USD 83 million of shares repurchased to date under the share buy-back programme announced in September 2011 at an average price of 889 pence per share. Full year dividend increased 27% to 28.0 US cents per share (USD 149 million).
 
Production of major metals in line with targets set at the beginning of 2011. Copper cathode production of 301 kt for the full year. Copper cathode equivalent production from own concentrate of 299 kt. Silver and gold production ahead of guidance. Kazakhmys Mining produces significant volumes of other metals, including zinc, silver and gold. In 2011, it produced 140 thousand tonnes of zinc in concentrate.

With the robust domestic demand for electricity, Ekibastuz GRES-1 was able to increase domestic tariffs close to the ceiling limit from the start of 2011 and maintain that level throughout the year. Net power generated in 2011 by Ekibastuz GRES-1 was 15% above the prior year at 12,697 GWh. With the higher ceiling tariff for 2011, the average realised domestic tariff in 2011 was 5.48 KZT/kWh, or 98% of the ceiling tariff, a 20% increase from the average realised domestic tariff of 4.56 KZT/kWh in 2010.