27th Apr 2006 10:00
Kazakhmys PLC27 April 2006 27 April 2006 Kazakhmys PLC - Change in the reporting format of production results Kazakhmys PLC ("Kazakhmys") will announce its production report for the firstquarter ended 31 March 2006 on 3 May 2006. In anticipation of this release,Kazakhmys announces today that in the first quarter production report andhenceforth it will report its production results on a four complex basis,aligned with the management structure of the business. This reporting changewill introduce an additional complex at Karaganda to the three complexesbreakdown reported previously. The Karaganda complex comprises the Abyz,Kosmurun and Nurkazgan mines and the Karagaily concentrator. All theseoperations are located in the vicinity of Karaganda and therefore management isof the view that it is more appropriate to account for these operations as aseparate complex. During 2005, the production results of the Abyz mine were reported within theEast Region and the production results of the Nurkazgan mine were reported aspart of the Balkhash complex. The Kosmurun mine was not operational during 2005with mining operations commencing at this mine at the beginning of April 2006. The comparative production results for 2005 have been restated for the newreporting format, and are set out below: Zhezkazgan Q1 '05 Q2 '05 Q3 '05 Q4 '05 FY 2005 -------------------------------------- Ore extraction 000 t 6,759 6,993 6,910 7,384 28,045Average copper grade % 0.87 0.90 0.86 0.84 0.87 Copper Concentrate 000 t 145.4 154.4 143.1 155.3 598.2Copper Cathodes* 000 t 57.9 60.0 52.7 63.1 233.7Copper Rod 000 t 1.3 4.6 1.2 1.6 8.7------------------------------------------------------------------------* includes copper rod Balkash Q1 '05 Q2 '05 Q3 '05 Q4 '05 FY 2005 -------------------------------------------- Ore extraction 000 t 1,391 1,432 1,437 1,366 5,626Average copper grade % 0.65 0.75 0.75 0.69 0.71 Copper Concentrate 000 t 41.6 50.2 48.0 41.1 180.9Copper Cathodes 000 t 37.5 44.3 41.7 39.4 162.9of which tolling 4.3 2.3 1.8 1.6 10.1Copper Rod 000 t -- -- -- -- -------------------------------------------------------------------------------- East Region Q1 '05 Q2 '05 Q3 '05 Q4 '05 FY 2005 -------------------------------------- Ore extraction 000 t 1,152 1,276 1,257 1,398 5,082Average copper grade % 2.39 2.22 2.31 2.40 2.33 Copper Concentrate 000 t 134.5 106.7 101.0 134.6 476.8Copper Cathodes 000 t -- -- -- -- --Copper Rod 000 t -- -- -- -- -------------------------------------------------------------------------- Karaganda Q1 '05 Q2 '05 Q3 '05 Q4 '05 FY 2005 --------------------------------------- Ore extraction 000 t 290 165 127 109.7 692Average copper grade % 0.4 0.8 1.6 0.95 0.83 Copper Concentrate 000 t 8.9 29.7 43.2 33.7 115.5Copper Cathodes 000 t -- -- -- -- --Copper Rod 000 t -- -- -- -- ------------------------------------------------------------------------- For further information please contact: Jinsoo Yang, Head of Investor Relations Tel: +44 20 8636 7900Sergei Stephantsov, Deputy Head of Investor Relations +44 20 8636 7900Kazakhmys PLC Morgan Bone Tel: +44 20 7251 3801Robin Walker Finsbury - ends - Notes to EditorThe Group's principal business is the mining, processing, smelting, refining andsale of copper and copper products, including copper cathode and copper rod, andis carried out by the Company's main subsidiary LLC Kazakhmys Corporation("Kazakhmys"). Based on 2005 production, the Group is the 10th largest producerof copper cathode and mined copper in the world. The Group's operations arevertically integrated. Kazakhmys operates 19 open pit and underground mines andtwo smelting and refining complexes as well as significant rail infrastructurein the Republic of Kazakhstan. The Group also has operations in Germanycomprising MKM, a copper products fabrication company. This information is provided by RNS The company news service from the London Stock Exchange ENRelated Shares:
KAZ.L