26 Oct 2017 11:22

Kazakhstan's KAZ Minerals raises copper output target for 2017 to 250,000-270,000 tonnes

ALMATY. Oct 26 (Interfax) - KAZ Minerals revised its copper-output target for this year to 250,000-270,000 tonnes, up from the previous target of 235,000-260,000 tonnes, the company said.

In 2016, KAZ Minerals produced 140,300 tonnes, so copper output in 2017 may increase by 80-100%.

In the first nine months of 2017, KAZ Minerals produced 51.4 million tonnes of ore, up 44% year-on-year, mainly due to an increase in output at Bozshakol and Aktogay.

In January-September 2017, the company processed 30.3 million tonnes of ore, a year-on-year increase of 200%.

KAZ Minerals is a high-growth copper company focused on large-scale, low-cost, open-pit mining in Kazakhstan. It is a leading copper producer in Kazakhstan, with five operating mines and four concentrators. The company produces zinc, silver, and gold as by-products. KAZ Minerals is listed on the London, Kazakhstan, and Hong Kong Stock Exchanges.