Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKAZ.L Share News (KAZ)

  • There is currently no data for KAZ

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

KAZ Minerals Posts Rise In First Half Copper Production

Thu, 25th Jul 2019 11:01

(Alliance News) - KAZ Minerals PLC on Thursday said it is on track to achieve its annual production guidance as increased concentrator availability boosted output in second quarter.

The Kazakhstan focused copper company said production in the six months to the end of June rose by 6% to 147,600 tonnes from 139,600 tonnes a year ago, with output in the second quarter up to 77,600 tonnes from 70,000 tonnes seen in the first quarter. The growth was helped by increased concentrator availability.

At the Ayagoz copper production in first half was 22% higher at 74,100 tonnes, whilst production in the second quarter reached 37,400 tonnes, up from 49,800 tonnes in the first quarter. KAZ Minerals said the growth was helped by sustained high sulphide throughput and grades, and seasonally stronger oxide production.

Meanwhile, at the Bozshakol mine, first-half copper production slipped to 47,100 tonnes from 49,800 tonnes, as higher recoveries and throughput in main sulphide plant offset lower average grade and clay plant upgrade works.

At East Region and Bozymchak mine, copper production in the first half of 2019 was 26,400 tonnes compared to 29,000 tonnes in the first half of 2018, with second-quarter output increasing to 16,900 tonnes from just 9,500 tonnes in the first quarter following the restart of the Nikolayevsky concentrator.

Looking forward, KAZ Minerals said it is on track to achieve its annual production guidance of 300,000 tonnes of copper.

"KAZ Minerals' second quarter copper production rose 11% due to increased concentrator availability and efficient operations across the group's mines," said Chief Executive Andrew Southam.

"Aktogay achieved record copper production in the quarter and at Bozshakol the clay plant returned to full capacity, with the group well positioned to achieve its 2019 copper guidance of 300,000 tonnes," added Southam.

KAZ Minerals shares were trading 2.3% higher on Thursday in London at 590.80 pence each.

More News
16 Aug 2018 09:31

TOP NEWS: KAZ Minerals Production Ramps Up, Pays Interim Dividend

LONDON (Alliance News) - FTSE 250-listed copper miner KAZ Minerals PLC on Thursday reported a sharp rise in interim profit and revenue, as both production and sales increased, resulting in an the

Read more
16 Aug 2018 08:44

LONDON MARKET OPEN: Miners Rebound As Kingfisher, Evraz Weigh On FTSE

LONDON (Alliance News) - The FTSE 100 opened higher on Thursday as miners rebounded from Wednesday's losses, though Kingfisher and Evraz dragged on the index. by

Read more
16 Aug 2018 08:06

Kaz Minerals interim profits shine as dividend declared

(Sharecast News) - Copper miner Kaz Minerals on Thursday said it was paying an interim dividend of 6 cents a share as pre-tax profits rose to $355m from $240m.

Read more
16 Aug 2018 07:38

LONDON MARKET PRE-OPEN: Weather Helps Kingfisher But Hits On The Beach

LONDON (Alliance News) - The FTSE 100 is expected to rise back above the 7,500-point mark on Thursday as stocks in London recover from Wednesday's sharp losses.In early UK company news, DIY said

Read more
15 Aug 2018 12:02

LONDON MARKET MIDDAY: Struggling Miners Offset Buoyant Admiral

LONDON (Alliance News) - Reversing some early gains, stocks in London had tumbled firmly into the red by midday on Wednesday with miners falling and apprehension around Turkey remaining.The pound, UK

Read more
15 Aug 2018 10:40

WINNERS & LOSERS SUMMARY: Admiral Rises After Strong Half-Year Results

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - Group, up 5.0%. The motor and home insurer an

Read more
10 Aug 2018 16:59

LONDON MARKET CLOSE: Trade Fears Sink Stocks, Solid GDP Partly Offsets

LONDON (Alliance News) - Stocks in London closed lower Friday following global peers amid rising global tensions, though the impact in the UK was softened by generally upbeat GDP growth figures. The

Read more
9 Aug 2018 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 10 August Volution GroupHalf Year ResultsVitec GroupTrading Secured Direct Year 13

Read more
2 Aug 2018 17:42

LONDON MARKET CLOSE: US-China Trade War, BoE Rate Hike Sink Stocks

LONDON (Alliance News) - Stocks in London closed sharply lower Thursday as the US ramped up tension in its ongoing trade war with China while sterling was boosted by the interest rate hike and by the

Read more
2 Aug 2018 12:09

LONDON MARKET MIDDAY: Stocks Lower And Pound Flat After UK Rate Hike

LONDON (Alliance News) - Stock prices in London were lower midday Thursday amid renewed trade tensions between the US and China, while the pound was soft after Bank of England policy makers voted to

Read more
2 Aug 2018 10:38

WINNERS & LOSERS SUMMARY: Ferrexpo Down On Rising Costs And Ore Prices

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Rolls-Royce

Read more
2 Aug 2018 09:59

KAZ Minerals To Acquire Russian Copper Mine For USD900 Million (ALLISS)

LONDON (Alliance News) - KAZ Minerals PLC said Thursday it will acquire a copper project in Russia in a cash and stock deal worth USD900 million.The miner is buying the Baimskaya copper in

Read more
2 Aug 2018 07:43

Kaz Minerals to buy Russia copper, gold project for $900m

(Sharecast News) - KAZ Minerals on Thursday said it had agreed to acquire the Baimskaya copper project in the Chukotka region of Russia for $900m (£687m) in cash and shares.

Read more
26 Jul 2018 11:10

KAZ Minerals pleased with first half as Aktogay concentrator reaches capacity

(Sharecast News) - KAZ Minerals issued its first half production report on Thursday, reporting an 18% improvement in copper production to 139.6 kt year-on-year.

Read more
26 Jul 2018 10:30

KAZ Minerals On Track As Interim Copper Output Rises At Aktogay Mine

LONDON (Alliance News) - KAZ Minerals PLC on Thursday said copper production rose in the first half of 2018 supported by strong volumes at Aktogay mine.The Kazakhstan-focused miner said its

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.