Kazakhstan: Glencore not to sell Kazzinc

Glencore Plc has abandoned plans to sell its share in Kazzinc, having not received an adequate offer. Glencore intended to leave the business where it owned 70% of shares with the Chinese companies demonstrating interest. In 2023, Kazzinc produced 173.9 thousand tons of zinc, 35.6 thousand tons of lead, 14.8 thousand tons of copper and…

Kazakhstan: Kazzinc output up in Q1 2023

In January-March, Kazzinc decreased zinc output from own resources by 5% YoY, to 34.3 thousand tons. The group produced 24.9 thousand tons of zinc metal and 9.4 thousand tons of zinc concentrate. Taking into account the third party raw materials, zinc manufacture dropped by 11%, to 63.5 thousand tons. Manufacture of lead from own resources…