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Kaz Minerals exceeds copper guidance with 73 percent output growth

Thu, 26th Jan 2017 07:22

LONDON, Jan 26 (Reuters) - Kazakhstan copper company KazMinerals said it had exceeded its full-year copperguidance in 2016 with 73 percent year-on-year output growth asnew projects came onstream.

Kaz Minerals has two new major copper projects underconstruction, which it describes as world-class open-pit mines-- cheaper than having to extract from deep underground.

"We successfully ramped up Bozshakol and the Aktogay oxideplant," Chief Executive Oleg Novachuk said. "Our growth willcontinue in 2017 as Bozshakol reaches capacity and we commenceproduction from sulphide ore at Aktogay."

(Reporting by Barbara Lewis; editing by Susan Thomas)

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