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Market and Company News
04.04.2005 11:08

Kazakhmys copper output down to 95.400 T in January-March

/IRBIS, April 4, 05/ - Information below is translated abstract of REUTERS news. Kazakhstan copper corporation Kazakhmys lowered its refined copper output to 95,400 tonnes in January-March from 103,428 in the same period of last year.

Kazakhmys, one of the world's top 10 copper producers, which is headquartered in Zhezkazgan in central Kazakhstan, alone accounts for over 90 percent of the Central Asian state's copper output.

In March 2005, refined copper production rose up to 31.000 tons from 30.100 on February.

The major production output was exported to China that accounted for 51% of copper shipments, the rest part was shipped to Europe.

He provided the following data for Kazakhmys's output:

----------------------------------------------------------
                         January -     January-  January -
                          March 05  February 05   March 05
-----------------------  ---------  -----------  ---------
Refined copper (tones)      95.400       63.300    103.428
Zinc in concentrate (T)      1.300        1.200     14.757
Refined zinc (T)            22.500       16.200     15.396
Coal (T, million)           17.000       10.800        n/a
Ore (T, million)               n/a          1.0        3.3
Granulated silver (T)          9.5          6.0        8.2
Gold bullion (kg)            154.0        102.0      119.0
Copper coil                  407.0        449.0      345.0
Electricity (mln kWt/h)    1,635.0      1,094.0    1,505.0
Commodity goods               46.6         30.8       36.8
----------------------------------------------------------

Kazakhmys is among a ten largest producer of copper n the world. It plans to start IPO at London Stock Exchange.

[2005-04-04]