29 Apr 2010 12:56

Kazakhmys cuts copper output 8.4% in Q1

ALMATY. April 29 (Interfax) - Kazakhmys Plc, Kazakhstan's biggest copper maker, reduced cathode copper output to 78,400 tonnes in Q1 2010, down 8.4% from 85,600 tonnes in the first three months of 2009, the company said in a statement.

In the fourth quarter of 2009 the company produced 69,100 tonnes of cathode cooper.

The Group says it is on track to achieve the annual target just above 300,000 tonnes of copper. By-product output is slightly up the annual projections.

Gold production increased to 36,300 ounces in Q1 2010 from 30,300 ounces in Q1 last year; silver was 3.127 million ounces in Q1 2010 against 4.438 million in the reporting period last year; zinc concentrate production remained almost flat in Q1 2010 at 39,500 tonnes as compared with 39,800 tonnes in the three months last year.

Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, with significant interests in copper, gold, zinc, silver, power generation and petroleum.