Aktogay Mining and Processing Works will be expanded. In October the works has reached its project capacity at the sulfide enrichment factory, and the board of directors decided to construct another factory, which would double sulfide ore processing from 25 to 50 million tons per year. The expansion is the low-risk project. Investments are expected…
The license for the development of Bozymchak, the country’s largest copper-gold deposit, was renewed, the press secretary of KAZ Minerals Bozymchak LLC Elena Tregubova informed. Earlier, the company received a notice on suspending the license for three months with reference to Article 27 of the Law of the Kyrgyz Republic On Subsoil. Ulanbek Ryskulov, Chairman…
In January-September KAZ Minerals produced 193.3 thousand tons of raw copper (98.6 thousand tons in 9 months of 2016). In Q3 copper output increased by 14 QoQ, to 75 thousand tons, mostly because of the production growth at Aktagan. The annual copper output target was thus increased from 235-260 thousand tons to 250-270 thousand tons.…
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)
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)
In January-June KAZ Minerals produced 118 thousand tons of copper, having more than doubled its H1 2016 result (56 thousand tons) The Bozshakol GOK produced 52 thousand tons of copper, up 5-fold YoY. Aktogay GOK produced 33 thousand tons of copper. Copper output at Vostokcement and Bozymchak GOK in Kyrgyzstan decreased by 19%, to 33…
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)
In January-June KAZ Minerals produced 118 thousand tons of copper, up from 56 thousand tons in H1 2016. According to the company statement, it is sure of reaching the output target for this year of 225-260 thousand tons. “We are gradually increasing output at Aktogai processing factory”, the group CEO Oleg Novachuk declared. The project…