KAZAKHMYS PLC (United Kingdom) announces commissioning of sulphuric acid plant
27.06.08 12:29
/KASE, June 27, 08/ - KAZAKHMYS PLC (London), common shares of which
are traded in the official list of Kazakhstan Stock Exchange (KASE) of category
"A", provided KASE with the press release:
Quotation start
Kazakhmys PLC (Kazakhmys) announces that production has commenced at its
major new sulphuric acid plant at the Balkhash complex in Kazakhstan.
The $130 million plant is designed to produce 1.2 million tonnes of sulphuric
acid per annum. Production has started in line with previous guidance by the end
of H1 2008, and will ramp up to production by Q4 2008.
The plant provides several significant benefits. The commissioning of the plant
will lead to a six fold reduction in sulphur dioxide emissions at the complex,
which is a key environmental target for the Group. The plant will also become an
important source of a valuable by product which is required for a wide range of
uses in Kazakhstan.
Oleg Novachuk Chief Executive of Kazakhmys said: "I am delighted that this
important project is complete. The plant will create substantial environmental
benefits for the region, generate revenue for Kazakhmys and provide a
commodity that is in short supply and required for the continued development in
Kazakhstan"
For further information please contact:
"Kazakhmys PLC"
Nurlan Makhmudov, Head of Public Relations Department
Tel: +7 727 266 33 17
Olga Nekrassova, Financial Analyst
Tel: +44 20 7901 7814
"Merlin"
Leonid Fink
Tel.: +44 20 7653 6620
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[2008-06-27]