/KASE, July 30, 08/ - Company KAZAKHMYS PLC (London), common shares
of which are traded in Kazakhstan Stock Exchange (KASE) category "A" official
list, provided to KASE the press release where informs on the following:
Quotation start
- Copper in concentrate and cathode production improved significantly in Q2
2008
- Recovering from the severe weather seen in the previous quarter
- Benefiting from rising output at the four new mines
- Copper in own concentrate rose 13% to 90.6 thousand tonnes from Q1
2008 and copper cathode production rose 8% to 81.6 thousand tonnes
quarter on quarter
- Improvements continue to be seen in the deliveries of ordered equipment
- Equipment availability and delivery remains a key area of management
focus
- Maintenance to Kazakhstan national grid may affect copper cathode output in
Q3
- Copper in concentrate production should be unaffected
- Good progress on new projects
- Taskura copper mine started production in April 2008
- Bozymchak gold mine moved into feasibility study
- Balkhash sulphuric acid plant started production
- Kazakhmys Power is included in the production report for the first time
- Production increased significantly in H1 2008, reflecting rising demand
and higher capacity
Oleg Novachuk, Chief Executive Officer, said "After the severe weather in Q1
2008, we have seen good progress, with output recovering well, assisted by new
mine production and improvements in equipment availability. In Q3 2008 there
may be an impact on cathode production, as the national grid undergoes
maintenance work potentially affecting power supplies. However, mine and
concentrate output will be unaffected and we maintain our target that copper
cathode production from own ore production for the full year should be at least in
line with 2007."
For detailed information, please contact:
Kazakhmys PLC
John Smelt, Head of Corporate
tel: +44 20 7901 7882
tel: +44 78 7964 2675
Olga Nekrassova, Financial Analyst
tel: +44 20 7901 7814
Merlin
David Simonson and Tom Randell (English language)
tel: +44 20 7653 6620
Leonid Fink and Anastasia Ivanova (Russian language)
Tel: +44 20 7653 6620
Quotation end
The full version of KAZAKHMYS PLC press release, including the production
report is available on KASE site at:
-
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_300708.pdf - In
Russian;
-
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_300708e.pdf - in
English.
[2008-07-30]