1st Dec 2015 07:48
LONDON (Alliance News) - KAZ Minerals PLC on Tuesday said it has produced its first copper cathode from oxide ore at the Aktogay project in the East of Kazakhstan.
The SX/EW plant is expected to "swiftly" reach an output level of 15 kilotonnes per annum, KAZ said.
Meanwhile, the sulphide concentrator remains on track for commissioning in 2017, according to KAZ. That will result in the Aktogay project delivering a combined production from sulphide and oxide ore of 105 kilotonnes per annum on average for the first 10 years.
"Our other major growth project, Bozshakol, will start production of copper in concentrate in the first quarter of 2016 and the main sulphide concentrator at Aktogay will be commissioned in 2017," Chief Executive Oleg Novachuk said in a statement.
"The completion of the Aktogay oxide project is an important step in delivering industry leading growth from our portfolio of large scale, low cost, open pit copper mines," he added.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
KAZ.L