/KASE, March 1, 12/ - KAZAKHMYS PLС (London), whose shares are officially
listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press-release of March 1, 2012:
quote
This statement provides operational and unaudited financial results for
Kazakhmys' managed businesses. The statement excludes the contribution from
ENRC PLC, in which Kazakhmys has a 26% shareholding. The consolidated
preliminary full year results of Kazakhmys, including the contribution from ENRC,
will be released on 27 March 2012.
Segmental EBITDA (excluding special items and share of associate ENRC) of
$1,959 million. Copper benefited from continued strong demand with an average
realised price of $8,756 per tonne, an increase of 16% on 2010. $83 million of
shares repurchased to date under the share buy-back programme announced in
September 2011 at an average price of 889 pence per share. Full year dividend
increased 27% to 28.0 US cents per share ($149 million).
Production of major metals in line with targets set at the beginning of 2011.
Copper cathode production of 301 kt for the full year. Copper cathode equivalent
production from own concentrate of 299 kt. Silver and gold production ahead of
guidance. Kazakhmys Mining produces significant volumes of other metals,
including zinc, silver and gold. In 2011, it produced 140 thousand tonnes of zinc
in concentrate.
With the robust domestic demand for electricity, Ekibastuz GRES-1 was able to
increase domestic tariffs close to the ceiling limit from the start of 2011 and
maintain that level throughout the year. Net power generated in 2011 by Ekibastuz
GRES-1 was 15% above the prior year at 12,697 GWh. With the higher ceiling
tariff for 2011, the average realised domestic tariff in 2011 was 5.48 KZT/kWh, or
98% of the ceiling tariff, a 20% increase from the average realised domestic
tariff of 4.56 KZT/kWh in 2010.
unquote
The full pres-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_010312.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_010312_kz.pdf -
in Kazakh;
-
http://www.kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_010312_e.pdf - in
English.
[2012-03-01]