Kazakhmys expects decrease in operational and financial indicators by results of year 2007
21.11.07 20:18
/INTERFAX-KAZAKHSTAN, Astana, November 21, 07/ - Kazakhmys Plc
expects decrease in operational and financial indicators this year, informed
the chief executive director of the company Oleg Novachuk.
"Most probably, production this year will be somewhat less than in the last
one. (...)
Financial indicators will be proportionally lower, same as operational ones",
- he said on press conference on Wednesday in Astana.
He explained that the company faced "unexpected operational problems"
due to delay of equipment delivery to one of mines.
"Kazakhmys" is the biggest manufacturer of copper in Kazakhstan. In 2005,
it floated shares on London stock exchange on behalf of Kazakhmys Plc
holding, registered in Great Britain.
"Kazakhmys" includes four manufacturing unions:
"Jezkazganzvetmet", "Balhashzvetmet", "Vostokzvetmet",
"Karagandazvetmet", and also has oil and gold-mining departments.
[2007-11-21]