Kyrgyzstan: KAZ Minerals exports 10 tons of gold concentrate

Since 2015 KAZ Minerals Bozymchak has exported 9,760 tons of gold concentrate from Kyrgyzstan, the State Service for Combating Economic Crimes reported. The audit report of the Accounting Chamber confirmed the data. “In December 2017 the Investigation Department of the State Service for Combating Economic Crimes instituted criminal proceedings under the article “Abuse of power…

Kazakhstan: Aktogay Factory reaches projected capacity

Aktogay Processing Factory, a part of KAZ Minerals, has reached the level of the projected sulfide ore processing capacity.

Because of the higher than expected copper content in the ore, the factory will produce 70-85 thousand tons of copper in 2017.

Now the group awaits good results from Bozshakol as well. (Ukrainian metal)

Kazakhstan: KAZ Minerals profits up in H1 2017

In January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016.

The company profits in the period increased from $302 million to $721 million.

In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)

Kazakhstan: KAZ Minerals copper output up in H1 2017

In January-June KAZ Minerals produced 118 thousand tons of copper, up by 110% YoY.

Bozshakol and Aktogay yielded the most to the result.

According to forecasts, copper output at Bozshakol in 2017 will double to 95-110 thousand tons, at Aktogay it is expected to increase to 65-85 thousand tons. (Ukrainian metal)