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Market and Company News
08.07.2004 16:25

In the I quarter of 2004 Kazakhmys increased refined copper production to 212,089 tons

/REUTERS, Almaty, July 7, 04/ - Kazakhstan copper corporation Kazakhmys in January-June of 2004 increased refined copper production to 212,089 tons from 203,200 tons in similar period of last year, the company informed.

In June the corporation produced 37,443 tons of refined copper.

In January-June the corporation issued commodity output for KZT82.124 bn. (about $593 m. at the average rate of the period), that was more by 23.548 bn. than in similar period of last year.

Below is comparative data about production of separate types of production:

------------------------------------------------------------
                                January-  January-  January-
                                    June       May      June
                                    2004      2004      2003
------------------------------  --------  --------  --------
Refined copper (th. tons)        212,089   174,656   203,200
Copper rod (tons)                 25,963    23,562    28,980
Zinc in concentrate (th. tons)    29,156    25,084    42,927
Metal zinc (tons)                  1,479       997         -
Coal (m. tons)                     5.471     4.782     3.900
Ore (m. tons)                     17.662    14.564    20.793
Silver in granules (tons)          257.6     217.6     306.4
Gold bullions (kg)                 1,105       944     1,394
Electricity (m. kilowatt/hour)   2,850.3   2,410.3   2,640.7
------------------------------------------------------------

Corporation Kazakhmys, which produces up to 90% of total volume of Kazakhstan copper and which is one of 10 world copper producers, exports the half of its production to China, the other half to European countries.

Company's shareholders as of January 1 of 2003, according to Kazakhstan stock exchange's data were South-Korean Samsung, which possessed 10.80% of shares and its subsidiary Samsung Hong Kong Ltd. - 18.01%, Cuprum Holding B.V. - 25.75% and Harper Finance Limited - 19.22%.

[2004-07-08]