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Kazakhmys says 1st-quarter copper production rose 10 percent

Kazakhmys says 1st-quarter copper production rose 10 percent

Mining company Kazakhmys PLC, which operates in the former Soviet republic of Kazakhstan, said Monday that first-quarter copper concentrate production increased by 10 percent.
Copper cathode production rose 12 percent over the same period in 2006 as a result of increasing production from the recently commissioned Artemyevskoe, Zhomart and Kosmurun mines, the company said in a statement.
Zinc in concentrate production fell 2 percent due to lower production at the Nikolayevskoe mine following landslides that occurred in the second quarter of 2006 and the absence of production at the Abyz mine, which was closed for major stripping works in the fourth quarter of 2006.
Zinc metal production was 18 percent lower compared to the first quarter of 2006 as more zinc concentrate was allocated for sale rather than for further processing into zinc metal.
Kazakhmys shares gained 0.4 percent to 1,144 pence (US$22.86; euro16.75) on the London Stock Exchange.


Updated : 2021-03-05 15:59 GMT+08:00