/KASE, August 21, 14/ – KAZAKHMYS PLС (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the
following press-release of August 21, 2014:
quote
Based on first half-year 2014 Kazakhmys Group showed sustainable financial and
production results.
Copper cathode equivalent output was 139.2 kt. The Mining Division remains on
target to produce between 285 kt and 295 kt of copper cathode equivalent output
in 2014.
In the first half-year of 2014 the Group focused on efficient management of
resources, as well as increased control over operating and capital expenditures
in conditions of decreased metal prices. Net cash cost of copper reduced by
13% to 203 USc/lb. Net cash flow from operations of $200 million, $73 million
above the first half of 2013.
The realised price for copper products declined to $6,704 per tonne in the first
half of 2014, as the average LME copper cash price fell 8% to $6,916 per tonne
and as the realised price in 2014 includes copper concentrate sales from the
Zhezkazgan Region which is sold at a lower price than copper cathode.
unquote
The full press-release is available on KASE website at:
-
http://www.kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_210814_kz.pdf – in
Kazakh;
-
http://www.kase.kz/files/emitters/GB_KZMS/gb_kzms_reliz_210814.pdf – in
Russian.
[2014-08-21]