30th Jul 2009 07:00
30 July 2009
Kazakhmys PLC Production Summary for Six Months and the Second Quarter Ended 30 June 2009
Oleg Novachuk, Chief Executive Officer, said "These are strong results, and reflect the successful effort that has been made since the start of the year to improve operational effectiveness. At the end of last year we suspended production at four high cost mines, but we have raised output elsewhere and processed previously mined ore, which has lifted final output. Given the progress made in reducing stockpiles, output is likely to be lower in the second half, but we remain on track to meet our full year target. The production performance to date has been encouraging and a credit to the operational management teams."
For further information please contact:
|
Kazakhmys PLC |
||
| John Smelt | Head of Corporate Communications | Tel: +44 20 7901 7882 Tel: +44 78 7964 2675 |
| Irene Burton | Financial Analyst | Tel: +44 20 7901 7814 |
|
Zulfira Mukhamedyarovа |
Senior Manager - Media Relations |
Tel: +77 27 266 3317 |
|
Merlin |
||
|
David Simonson |
Tel: +44 20 7653 6620 |
|
|
Tom Randell |
Tel: +44 20 7653 6620 |
|
|
Leonid Fink |
Tel: +44 20 7653 6620 |
Notes to Editors
Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, with significant interests in copper, gold, zinc, silver, power generation and petroleum.
It is the largest copper producer in Kazakhstan and one of the top ten worldwide with 20 mines, 10 concentrators and 2 smelters. Kazakhmys copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode equivalent produced in 2008 from own ore was 343 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure. Kazakhmys also owns MKM, an upstream copper products fabrication company in Germany, which produces a range of pre- and semi-finished copper and copper alloy products.
Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2008, it produced 48 thousand tonnes of zinc metal and 137 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (17 million ounces produced in 2008).
Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 179 thousand ounces of gold in 2008 and has measured and indicated resources of 2.3 million ounces.
Kazakhmys Power owns the recently acquired coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW. In addition, it owns the Maikuben open cast coal mine, supplying around 20% of the power plant's fuel requirements producing over 3.6 million tonnes of coal in 2008.
Kazakhmys Petroleum has acquired the East Akzhar exploration block, with an area of 602km², located on the eastern fringe of the Caspian depression.
The Group is part of the FTSE-100 index of companies listed on the London Stock Exchange and is also listed on the Kazakhstan Stock Exchange (KASE). It had revenues of $5.2 billion in 2008 with EBITDA of $2.0 billion. The Group employs some 67,000 people, principally in Kazakhstan. The Group's strategic aim is to diversify and participate in the development of the significant natural resource opportunities in Central Asia.
Copper Summary
Kazakhmys Copper Production
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Ore extraction |
'000 t |
16,013 |
17,472 |
8,253 |
7,760 |
9,215 |
|
Average copper grade |
% |
1.19 |
1.22 |
1.18 |
1.20 |
1.23 |
|
Average zinc grade1 |
% |
4.04 |
3.32 |
3.82 |
4.26 |
3.19 |
|
Copper in concentrate |
'000 t |
178.4 |
185.8 |
91.0 |
87.4 |
99.8 |
|
own concentrate |
'000 t |
178.4 |
170.7 |
91.0 |
87.4 |
90.6 |
|
purchased concentrate |
'000 t |
- |
15.1 |
- |
- |
9.2 |
|
Copper cathode equivalent production 2 |
'000 t |
173.8 |
174.3 |
88.2 |
85.6 |
90.2 |
|
own concentrate |
'000 t |
170.1 |
157.1 |
88.2 |
81.9 |
81.6 |
|
purchased concentrate |
'000 t |
3.7 |
17.1 |
- |
3.7 |
8.6 |
|
tolling concentrate |
'000 t |
- |
0.1 |
- |
- |
- |
|
Copper rod |
'000 t |
4.7 |
23.6 |
2.6 |
2.1 |
10.2 |
1Complex ores only
2Includes copper used to produce copper rod
Summary
Three key issues have influenced production in the first half of 2009, compared to the previous year:
Four higher-cost mines were suspended at the end of 2008, but this has been offset by improved operational efficiency at our producing mines, together with increased production at South and Nurkazgan West mines
Inventory and work in progress have been sharply reduced throughout the production chain
The weather in H1 2009 was mild, compared to H1 2008 when severe weather negatively impacted production
Copper Production
At the end of 2008, in response to lower copper prices, we temporarily suspended production at some higher cost mines. These mines produced around 3 million tonnes of ore in H1 2008. Output benefited from recovery of production at South mine, in the Zhezkazgan complex, and the ramping up at Nurkazgan West, Karaganda region, which together added around 1.26 million tonnes. More efficient management of the continuing operations, including the transfer of some equipment and personnel from the suspended mines, also helped to offset the reduction from the suspended mines. As a consequence, ore output in H1 2009 declined by just 1.5 million tonnes, or 8%, compared to H1 2008.
Ore output within the period increased by 6%, from 7,760 kt in Q1 2009 to 8,253 kt in Q2 2009, with modest increases across all four regions. Karaganda region saw the most significant increase with the ramping up of Nurkazgan West underground mine which began production in February 2009.
Copper grades in H1 2009 and Q2 2009 were slightly lower than H1 2008 and Q2 2008, mainly because of the suspension of operations at the high grade Akbastau mine, due to the level of transportation costs, in the Karaganda region. This was partially offset by improved grades at Zhomart mine in the Zhezkazgan complex and the suspension of output at the low grade Kounrad mine. There could be further modest reductions in grade through the second half of the year, based on the current mine plan.
In the first six months of 2009 the production of copper in own concentrate increased by 5%, despite the lower ore output and grade. This was mainly due to the processing of stockpiled ore, which contributed just under 15 kt of copper in concentrate, and improved recovery rates at concentrators. Production of copper in concentrate from own material in Q2 2009 increased by 4% over Q1, to 91 kt, reflecting the increase in mined metal.
In H1 2009 copper cathode equivalent production was 170.1 kt, an increase of 8% over H1 2008. Copper cathode equivalent production from own concentrate in Q2 2009 increased by 8% to 88.2 kt, compared to 81.9 kt in Q1 2009. These rises reflect the increases in production of own copper in concentrate.
In Q2 2009 11.3 kt of copper in concentrate (equivalent to 10.9 kt of finished cathode) was sold directly to China and not converted to cathode.
Copper rod production in Q2 2009 was slightly higher than in Q1 2009, reflecting a modest increase in demand in the domestic market. Production remains significantly below the level of 2008, when more cathode was being processed into rod due to higher margins being available in the Chinese market.
By-products Summary
Kazakhmys copper By-products Production
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Zinc in concentrate |
'000 t |
76.4 |
66.4 |
36.6 |
39.8 |
32.8 |
|
Zinc metal |
'000 t |
8.6 |
24.6 |
- |
8.6 |
12.2 |
|
Silver |
'000 oz |
9,147 |
8,330 |
4,709 |
4,438 |
4,310 |
|
own production1 |
'000 oz |
9,145 |
8,329 |
4,708 |
4,437 |
4,309 |
|
tolling2 |
'000 oz |
1.6 |
1.0 |
0.6 |
1.0 |
1.0 |
|
Gold |
'000 oz |
73.2 |
63.5 |
42.9 |
30.3 |
32.1 |
|
own production1 |
'000 oz |
67.9 |
62.8 |
38.9 |
29.0 |
31.4 |
|
tolling2 |
'000 oz |
5.3 |
0.7 |
4.0 |
1.3 |
0.7 |
1 Includes slimes from purchased concentrate
2 Represents tolled materials provided via third parties
Zinc by-product
Zinc in concentrate production during H1 2009 was 15% higher than in H1 2008, benefiting from the timing of receipts of material from third party processors, the processing of stockpiled ore and improved recovery rates at concentrators. This improvement was in spite of the significant decrease in zinc metal mined with the planned suspension of output at Akbastau and Abyz mines.
These benefits were mainly seen in the first quarter. Zinc concentrate production in Q2 2009 was 8% below Q1 2009, due to a decline in grades in the East Region, which led to lower zinc metal in ore.
Silver by-product
Production of silver from own material increased by 10% in H1 2009 and was 6% higher in Q2 2009 than Q1 2009. There was a reduction in silver metal in mined ore, but this was significantly offset by lower levels of work in progress.
Gold by-product
Gold metal in mined ore reduced in H1 2009 following the temporary suspension of production at Abyz, Kosmurun and Akbastau mines. This did not affect gold production, which increased by 8% compared to H1 2008, due to a reduction of work in progress, particularly the processing of stockpiled gold rich Abyz ore. Abyz, in the Karaganda region, should restart extraction in Q3 as the stripping work has been completed and stockpiles have been reduced. Recovery rates for gold improved during the period, notably at the Karagaily concentrator, where new press-filters and flotation equipment were commissioned in May 2009.
Kazakhmys Copper Review by Region
Zhezkazgan Complex
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Ore extraction |
'000 t |
11,961 |
12,013 |
6,053 |
5,908 |
6,209 |
|
Average copper grade |
% |
0.87 |
0.81 |
0.87 |
0.87 |
0.83 |
|
Copper concentrate |
'000 t |
249.8 |
234.9 |
121.8 |
128.0 |
123.2 |
|
Copper in concentrate |
'000 t |
91.1 |
85.0 |
45.9 |
45.2 |
45.0 |
|
Copper cathodes1 |
'000 t |
55.6 |
84.0 |
24.5 |
31.1 |
37.4 |
|
own concentrate |
'000 t |
55.6 |
83.7 |
24.5 |
31.1 |
37.1 |
|
purchased concentrate |
'000 t |
- |
0.3 |
- |
- |
0.3 |
|
tolling2 |
'000 t |
- |
- |
- |
- |
- |
|
Copper rod |
'000 t |
4.7 |
23.6 |
2.6 |
2.1 |
10.2 |
1 Includes copper used to produce copper rod
2 Represents tolled materials provided via third parties
Ore extraction of 11,961 kt during the first six months of 2009 was slightly below the prior year period, however there were a number of operational changes in the region. There was a reduction in output from West mine of just over 1,000 kt, where most of the operations were suspended due to their high operating cost, with selected sections re-allocated to South and East mines. There was, however, an increase in production of 900 kt at South mine, where output was reduced in 2008 due to repair work on the main shaft lifting equipment.
Ore extraction at the Zhezkazgan complex increased by 2% compared to Q1 2009. The main increases were seen at South mine and at the North group of mines, where the short life open pit at Taskora has temporarily lifted output. These increases were partially offset by decreased production at Annensky mine, where extraction is deepening as the mine matures.
The overall average copper grade in Q2 2009 remained unchanged at 0.87%, although there were some variations within the region. The changes in production of copper in concentrate at Zhezkazgan complex largely reflect the change in quantities of metal mined.
As previously reported, one of the furnaces at Zhezkazgan has been suspended. Copper cathode production from own concentrate during Q2 2009, therefore, was 21% lower than in the previous quarter. However, sales of copper in concentrate to China from Zhezkazgan have increased to 11.3 kt in Q2 2009. Surplus copper concentrate from Zhezkazgan is also being transported to the Balkhash complex for processing. These changes are allowing the furnaces within the Group to operate more efficiently and are assisting Kazakhmys to develop a presence in the concentrate market.
Copper rod is now mostly produced for the domestic market, as a result of the lower margins available. Production slightly increased in Q2, reflecting a modest increase in demand in the local market, but remains behind the levels of 2008, due to the absence of sales to China.
Kazakhmys Copper Review by Region
Balkhash Complex
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Ore extraction |
'000 t |
1,135 |
1,424 |
589 |
546 |
820 |
|
Average copper grade |
% |
1.32 |
0.95 |
1.28 |
1.37 |
0.96 |
|
Copper concentrate1 |
'000 t |
93.6 |
107.0 |
47.4 |
46.2 |
69.2 |
|
Copper in concentrate |
'000 t |
16.6 |
15.7 |
8.3 |
8.3 |
9.6 |
|
Copper cathodes |
'000 t |
102.3 |
90.3 |
52.8 |
49.5 |
52.8 |
|
own concentrate |
'000 t |
98.6 |
73.4 |
52.8 |
45.8 |
44.5 |
|
purchased concentrate |
'000 t |
3.7 |
16.8 |
- |
3.7 |
8.3 |
|
tolling2 |
'000 t |
- |
0.1 |
- |
- |
- |
1Excludes concentrate processed by third parties
2 Represents tolled materials provided via third parties
Ore output was slightly ahead of Q1 2009, as extraction increased at both Sayak and Shatyrkul mines, benefiting from the increased availability of drilling equipment. The lower ore extraction reported in H1 2009 compared to the corresponding period in 2008, was mainly due to the suspension of operations at the low grade Kounrad mine at the start of 2009.
The average copper grade in Q2 2009 decreased to 1.28% from 1.37% in Q1 2009, due to lower grades and higher output at Sayak mine.
The production of copper in concentrate was unchanged in Q2 2009 from Q1 2009, as the metal in mined ore only slightly increased, as lower grade offset the higher production volume.
The decrease in ore output in H1 2009, compared to H1 2008, did not impact the metal in ore output due to improvements in grade. As a consequence, the copper in concentrate production was higher than in the corresponding period in 2008.
Copper cathode production from own material increased by 15% to 52.8 kt in Q2 2009 from 45.8 kt in Q1 2009 reflecting the 6% increase in copper in concentrate production across East, Karaganda, Balkhash regions and the transfer of additional concentrate from Zhezkazgan.
Kazakhmys Copper Review by Region
East Region
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Ore extraction |
'000 t |
2,255 |
2,254 |
1,135 |
1,120 |
1,206 |
|
Average copper grade |
% |
2.90 |
2.85 |
2.89 |
2.91 |
2.75 |
|
Copper concentrate1 |
'000 t |
302.6 |
277.2 |
147.1 |
155.5 |
142.6 |
|
Copper in concentrate |
'000 t |
55.3 |
52.3 |
27.8 |
27.5 |
27.2 |
1Excludes concentrate processed by third parties
Ore extraction in Q2 2009 was in line with Q1 2009. Decreased production from Artemyevsky mine was offset by higher output at Nikolayevsky and Yubileyno-Snegirikhinsky mines. At Artemyevsky mine backfilling work is required and this is constraining production. The increase in output at Yubileyno-Snegirikhinsky mine reflects the transfer of additional personnel and equipment from the suspended Belousovsky mine.
The higher average copper grade in H1 2009 of 2.90%, compared to 2.85% achieved in H1 2008, arose from increased production and higher grades at Nikolayevsky mine and the suspension of production at the low grade Belousovsky mine, which was partly offset by the decrease in grade at Orlovsky mine.
The 6% improvement in production of copper in concentrate in H1 2009 compared to H1 2008 was due to a higher volume of mined metal in ore and an improvement in recovery rates achieved by transferring the processing of ore produced at Yubileyno-Snegirikhinsky mine from the Nikolayevsky to the Belousovsky concentrator, which has shown the best recovery rate.
Kazakhmys Copper Review by Region
Karaganda Region
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Ore extraction |
'000 t |
662 |
1,781 |
476 |
186 |
980 |
|
Average copper grade |
% |
0.93 |
2.14 |
1.02 |
0.70 |
2.10 |
|
Copper concentrate1 |
'000 t |
116.6 |
108.1 |
68.9 |
47.7 |
60.5 |
|
Copper in concentrate |
'000 t |
10.8 |
14.5 |
6.4 |
4.4 |
7.5 |
1Excludes concentrate processed by third parties
Ore extraction in the region for Q2, compared to Q1, has significantly increased as the Nurkazgan West underground mine ramped up its production. At Abyz mine, stripping work has been conducted over H1 2009 and stockpiles have been reduced, such that production is scheduled to recommence in Q3 2009. Output in Karaganda in H1 2009 is below the level achieved in the same period in 2008, due to the planned suspension of Akbastau mine.
The average copper grade achieved in Q2 2009 was 1.02% compared to 0.70% in Q1 2009, reflecting the increase in output and grade at Nurkazgan West mine. The lower average copper grade reported for H1 2009 reflects the suspension of the high grade Akbastau mine.
Copper in concentrate output increased from 4.4 kt in Q1 2009 to 6.4 kt in Q2 2009. The increase reflects the increase in metal in mined ore from Nurkazgan West mine and from the processing of stockpiled ores from the Abyz and Akbastau mines.
Production of copper in concentrate in H1 2009 is slightly below the corresponding period of 2008 and does not reflect the substantial decrease in metal in mined ore. This is due to processing in the prior year of ores from Kosmurun, Akbastau and Nurkazgan mines at concentrators in the East and Balkhash regions. In addition, there was an accumulation of stockpiled ore during 2008, which was processed in H1 2009.
Other Divisions Review
kazakhmys gold PRODUCTION
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Ore extraction |
'000 t |
746 |
857 |
608 |
138 |
665 |
|
Gold ore grade |
g/t |
1.46 |
1.50 |
1.38 |
1.79 |
1.49 |
|
Gold in ore to pads |
'000 oz |
33.6 |
37.2 |
26.0 |
7.6 |
28.6 |
|
Gold precipitation |
'000 oz |
19.6 |
21.9 |
13.0 |
6.6 |
15.0 |
|
Gold doré production |
'000 oz |
19.7 |
22.1 |
13.6 |
6.1 |
14.2 |
|
Silver production |
'000 oz |
18.9 |
21.0 |
12.5 |
6.4 |
11.7 |
Ore extraction decreased from Q2 2008 due to the closure of the Zhaima deposit in September 2008, but was significantly higher than Q1 2009 due to normal seasonal factors.
The average gold grade is lower than 2008 and Q1 2009 levels due to a change of mining activity to areas of lower ore grade.
The gold doré production is similar to Q2 2008 but is significantly higher than Q1 2009 due to the normal seasonal changes, where colder weather impacts the leach heap technology used in the production process. The gold doré production in H1 2009 decreased only slightly compared to the same period of last year. Grades are lower, but to date, the closure of Zhaima mine has had limited impact, with the processing of previously mined ore.
Other Divisions Review
kazakhmys Petroleum
Kazakhmys Petroleum is continuing its work programme at the Eastern Akzhar exploration block. The testing process at the first deep well encountered some technical difficulties, which are currently being rectified and the analysis should be resumed in Q3 2009.
The infrastructure at the site of the second deep well was constructed during H1 2009 and the drilling of the well has started. At the end of June 2009, 4,362 metres, out of a projected 5,200 metres, had been drilled.
Initial site work has started for the third well and drilling will commence in H2 2009 as soon as the second well is completed.
Other Divisions Review
kazakhmys POWER PRODUCTION
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Coal extraction |
'000 t |
1,654 |
1,771 |
749 |
905 |
849 |
|
Coal extraction attributable to Kazakhmys* |
'000 t |
1,654 |
377 |
749 |
905 |
377 |
|
Net power generated |
GWh |
3,761 |
5,506 |
1,981 |
1,780 |
2,636 |
|
Net power generated attributable to Kazakhmys* |
GWh |
3,761 |
948 |
1,981 |
1,780 |
948 |
|
Net dependable capacity |
MW |
2,256 |
2,036 |
2,256 |
2,256 |
1,882 |
* Period from acquisition on 29th May 2008
The 7% decline in coal output in H1 2009 compared to H1 2008 reflects the general decrease in demand due to the challenging economic conditions in Kazakhstan. Coal extraction decreased in Q2 2009 by 17% compared to Q1 2009 reflecting the seasonal decrease in coal sales.
Demand for electricity reduced significantly in Q4 2008 and has generally remained low in 2009. The 11% increase in power generation at Kazakhmys Power in Q2 2009 was due to the addition of a new customer and a slight increase in power consumption by existing customers.
The 32% percent decrease in electricity generated in H1 2009, compared to H1 2008, was largely driven by lower demand from industrial customers, reflecting the weaker economic environment.
Net dependable capacity1 in Q2 2009 is flat compared to Q1 2009. For the first six months of 2009, net dependable capacity increased by 190 MW, compared with the same period of 2008, due to the major overhaul of Unit 6 in the second half of 2008.
The major overhaul of Unit 5 started in mid April 2009. The work is expected to be completed by the end of 2009.The current gross dependable capacity of Unit 5 is 430 MW and should increase to the nameplate capacity of 500 MW after the overhaul. The installation of an electrostatic precipitator has commenced at Unit 5 and should be commissioned by the end of June 2010.
1 The net dependable capacity is the real productive capacity of GRES-1. It is calculated by taking the maximum design capacity of the generation units and then factoring in the physical condition of the units (e.g. wear and tear), production outages for repairs and internal consumption of electricity
Kazakhmys Copper Production Appendix
Copper MINing
|
Zhezkazgan complex |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
North |
ore ('000 t) |
1,913 |
1,662 |
978 |
935 |
1,104 |
|
grade (%) |
0.76 |
0.75 |
0.74 |
0.78 |
0.79 |
|
|
East |
ore ('000 t) |
2,544 |
2,680 |
1,285 |
1,259 |
1,358 |
|
grade (%) |
0.64 |
0.82 |
0.65 |
0.64 |
0.83 |
|
|
South |
ore ('000 t) |
2,544 |
1,596 |
1,389 |
1,155 |
628 |
|
grade (%) |
0.70 |
0.66 |
0.69 |
0.71 |
0.67 |
|
|
West |
ore ('000 t) |
69 |
1,128 |
- |
69 |
640 |
|
grade (%) |
0.72 |
0.51 |
- |
0.72 |
0.55 |
|
|
Stepnoy |
ore ('000 t) |
1,703 |
1,481 |
858 |
845 |
765 |
|
grade (%) |
0.80 |
0.81 |
0.80 |
0.80 |
0.77 |
|
|
Annensky |
ore ('000 t) |
1,603 |
1,806 |
747 |
856 |
859 |
|
grade (%) |
0.81 |
0.85 |
0.79 |
0.84 |
0.90 |
|
|
Zhomart |
ore ('000 t) |
1,585 |
1,660 |
796 |
789 |
855 |
|
grade (%) |
1.78 |
1.16 |
1.84 |
1.71 |
1.22 |
|
|
Complex total |
ore ('000 t) |
11,961 |
12,013 |
6,053 |
5,908 |
6,209 |
|
Complex average |
grade (%) |
0.87 |
0.81 |
0.87 |
0.87 |
0.83 |
|
Balkhash complex |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
Kounrad |
ore ('000 t) |
- |
494 |
- |
- |
349 |
|
grade (%) |
- |
0.28 |
- |
- |
0.28 |
|
|
Sayak I, III |
ore ('000 t) |
864 |
783 |
450 |
414 |
384 |
|
grade (%) |
1.02 |
1.07 |
0.97 |
1.08 |
1.13 |
|
|
Shatyrkul |
ore ('000 t) |
271 |
147 |
139 |
132 |
87 |
|
grade (%) |
2.27 |
2.53 |
2.29 |
2.26 |
2.91 |
|
|
Complex total |
ore ('000 t) |
1,135 |
1,424 |
589 |
546 |
820 |
|
Complex average |
grade (%) |
1.32 |
0.95 |
1.28 |
1.37 |
0.96 |
Kazakhmys Copper Production Appendix
Copper MINing (continued)
|
East region |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
Nikolayevsky |
ore ('000 t) |
250 |
192 |
150 |
100 |
110 |
|
grade (%) |
2.33 |
1.74 |
2.18 |
2.55 |
1.41 |
|
|
Artemyevsky |
ore ('000 t) |
632 |
736 |
299 |
333 |
403 |
|
grade (%) |
1.60 |
1.68 |
1.58 |
1.62 |
1.70 |
|
|
Irtyshsky |
ore ('000 t) |
232 |
237 |
105 |
127 |
119 |
|
grade (%) |
1.50 |
1.36 |
1.49 |
1.50 |
1.35 |
|
|
Belousovsky |
ore ('000 t) |
- |
122 |
- |
- |
61 |
|
grade (%) |
- |
0.92 |
- |
- |
0.94 |
|
|
Orlovsky |
ore ('000 t) |
814 |
746 |
408 |
406 |
386 |
|
grade (%) |
4.37 |
4.92 |
4.31 |
4.43 |
4.78 |
|
|
Yubileyno-Snegirikhinsky |
ore ('000 t) |
327 |
221 |
173 |
154 |
127 |
|
grade (%) |
3.20 |
3.35 |
3.30 |
3.10 |
3.22 |
|
|
Region total |
ore ('000 t) |
2,255 |
2,254 |
1,135 |
1,120 |
1,206 |
|
Region average |
grade (%) |
2.90 |
2.85 |
2.89 |
2.91 |
2.75 |
|
Karaganda region |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
Nurkazgan (West, North) |
ore ('000 t) |
657 |
349 |
471 |
186 |
127 |
|
grade (%) |
0.91 |
0.81 |
1.00 |
0.70 |
0.53 |
|
|
Akbastau |
ore ('000 t) |
- |
1,016 |
- |
- |
636 |
|
grade (%) |
- |
2.61 |
- |
- |
2.35 |
|
|
Kosmurun |
ore ('000 t) |
- |
180 |
- |
- |
106 |
|
grade (%) |
- |
2.60 |
- |
- |
2.61 |
|
|
Abyz |
ore ('000 t) |
5 |
236 |
5 |
- |
111 |
|
grade (%) |
2.78 |
1.77 |
2.78 |
- |
1.92 |
|
|
Region total |
ore ('000 t) |
662 |
1,781 |
476 |
186 |
980 |
|
Region average |
grade (%) |
0.93 |
2.14 |
1.02 |
0.70 |
2.10 |
|
Total |
ore ('000 t) |
16,013 |
17,472 |
8,253 |
7,760 |
9,215 |
|
Average |
grade (%) |
1.19 |
1.22 |
1.18 |
1.20 |
1.23 |
Kazakhmys Copper Production Appendix
Copper processing
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Zhezkazgan complex |
||||||
|
Copper concentrate |
'000 t |
249.8 |
234.9 |
121.8 |
128.0 |
123.2 |
|
Copper in concentrate |
'000 t |
91.1 |
85.0 |
45.9 |
45.2 |
45.0 |
|
Balkhash complex |
||||||
|
Copper concentrate |
'000 t |
93.6 |
107.0 |
47.4 |
46.2 |
69.2 |
|
Copper in concentrate |
'000 t |
16.6 |
15.7 |
8.3 |
8.3 |
9.6 |
|
East region |
||||||
|
Copper concentrate |
'000 t |
302.6 |
277.2 |
147.1 |
155.5 |
142.6 |
|
Copper in concentrate |
'000 t |
55.3 |
52.3 |
27.8 |
27.5 |
27.2 |
|
Karaganda region |
||||||
|
Copper concentrate |
'000 t |
116.6 |
108.1 |
68.9 |
47.7 |
60.5 |
|
Copper in concentrate |
'000 t |
10.8 |
14.5 |
6.4 |
4.4 |
7.5 |
|
Total own processed |
||||||
|
Copper concentrate |
'000 t |
762.7 |
727.2 |
385.2 |
377.5 |
395.5 |
|
Copper in concentrate |
'000 t |
173.8 |
167.5 |
88.4 |
85.4 |
89.3 |
|
Own ore processed by third parties |
||||||
|
Copper concentrate |
'000 t |
18.1 |
11.4 |
10.1 |
8.1 |
4.5 |
|
Copper in concentrate |
'000 t |
4.6 |
3.2 |
2.6 |
2.0 |
1.3 |
|
Total own |
||||||
|
Copper concentrate |
'000 t |
780.8 |
738.6 |
395.3 |
385.5 |
400.0 |
|
Copper in concentrate |
'000 t |
178.4 |
170.7 |
91.0 |
87.4 |
90.6 |
|
Purchased concentrate |
||||||
|
Copper concentrate |
'000 t |
0.1 |
53.6 |
- |
0.1 |
29.6 |
|
Copper in concentrate |
'000 t |
- |
15.1 |
- |
- |
9.2 |
|
Total copper in concentrate |
'000 t |
178.4 |
185.8 |
91.0 |
87.4 |
99.8 |
Kazakhmys Copper Production Appendix
Copper smelter / refinery - copper cathodes production
|
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
||
|
Zhezkazgan smelter |
||||||
|
Own concentrate |
'000 t |
55.6 |
83.7 |
24.5 |
31.1 |
37.1 |
|
Purchased concentrate |
'000 t |
- |
0.3 |
- |
- |
0.3 |
|
Sub - total |
'000 t |
55.6 |
84.0 |
24.5 |
31.1 |
37.4 |
|
Tolling |
'000 t |
- |
- |
- |
- |
- |
|
Total including tolling |
'000 t |
55.6 |
84.0 |
24.5 |
31.1 |
37.4 |
|
Balkhash smelter |
||||||
|
Own concentrate |
'000 t |
98.6 |
73.4 |
52.8 |
45.8 |
44.5 |
|
Purchased concentrate |
'000 t |
3.7 |
16.8 |
- |
3.7 |
8.3 |
|
Sub - total |
'000 t |
102.3 |
90.2 |
52.8 |
49.5 |
52.8 |
|
Tolling |
'000 t |
- |
0.1 |
- |
- |
- |
|
Total including tolling |
'000 t |
102.3 |
90.3 |
52.8 |
49.5 |
52.8 |
|
Grand total |
'000 t |
157.9 |
174.3 |
77.3 |
80.6 |
90.2 |
Kazakhmys Copper Production Appendix
By-products Mining - Zinc
|
ZINC |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
East region |
||||||
|
Nikolayevsky |
grade (%) |
1.94 |
3.26 |
1.77 |
2.20 |
3.53 |
|
Artemyevsky |
grade (%) |
5.16 |
4.97 |
4.70 |
5.57 |
4.69 |
|
Irtyshsky |
grade (%) |
3.65 |
3.40 |
3.68 |
3.63 |
3.53 |
|
Belousovsky |
grade (%) |
- |
1.98 |
- |
- |
2.03 |
|
Orlovsky |
grade (%) |
4.56 |
4.85 |
4.62 |
4.50 |
4.65 |
|
Yubileyno-Snegirikhinsky |
grade (%) |
2.42 |
3.94 |
2.22 |
2.63 |
4.10 |
|
Region average |
grade (%) |
4.03 |
4.36 |
3.81 |
4.26 |
4.26 |
|
Karaganda region |
||||||
|
Kosmurun |
grade (%) |
- |
4.13 |
- |
- |
3.72 |
|
Akbastau |
grade (%) |
- |
0.87 |
- |
- |
1.02 |
|
Abyz |
grade (%) |
5.64 |
3.39 |
5.64 |
- |
3.39 |
|
Region average |
grade (%) |
5.64 |
1.69 |
5.64 |
- |
1.45 |
|
Overall average |
grade (%) |
4.04 |
3.32 |
3.82 |
4.26 |
3.19 |
|
Zinc in concentrate |
('000 t) |
76.4 |
66.4 |
36.6 |
39.8 |
32.8 |
|
Zinc metal |
('000 t) |
8.6 |
24.6 |
- |
8.6 |
12.2 |
Kazakhmys Copper Production Appendix
By-products Mining - Silver
|
SILVER |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
Zhezkazgan complex |
||||||
|
North |
grade (g/t) |
11.43 |
10.80 |
11.11 |
11.77 |
10.51 |
|
East |
grade (g/t) |
19.13 |
19.06 |
20.25 |
17.98 |
18.99 |
|
South |
grade (g/t) |
18.01 |
12.68 |
17.17 |
19.02 |
11.47 |
|
West |
grade (g/t) |
17.01 |
13.26 |
- |
17.01 |
13.44 |
|
Stepnoy |
grade (g/t) |
8.13 |
9.02 |
8.58 |
7.68 |
8.23 |
|
Annensky |
grade (g/t) |
22.27 |
15.00 |
18.99 |
25.12 |
17.34 |
|
Zhomart |
grade (g/t) |
7.57 |
7.17 |
7.08 |
8.05 |
7.98 |
|
Region average |
grade (g/t) |
14.97 |
13.03 |
14.52 |
15.43 |
13.08 |
|
Balkhash complex |
||||||
|
Kounrad |
grade (g/t) |
- |
0.90 |
- |
- |
0.85 |
|
Sayak I, III |
grade (g/t) |
5.15 |
5.14 |
4.80 |
5.52 |
5.06 |
|
Shatyrkul |
grade (g/t) |
2.35 |
2.00 |
1.93 |
2.79 |
2.02 |
|
Region average |
grade (g/t) |
4.48 |
3.34 |
4.12 |
4.86 |
2.94 |
|
East region |
||||||
|
Nikolayevsky |
grade (g/t) |
19.77 |
35.45 |
14.04 |
28.35 |
25.97 |
|
Artemyevsky |
grade (g/t) |
95.22 |
91.18 |
88.55 |
101.22 |
81.04 |
|
Irtyshsky |
grade (g/t) |
58.85 |
53.39 |
58.38 |
59.24 |
55.39 |
|
Belousovsky |
grade (g/t) |
39.23 |
37.96 |
|||
|
Orlovsky |
grade (g/t) |
64.40 |
64.93 |
62.60 |
66.20 |
69.09 |
|
Yubileyno-Snegirikhinsky |
grade (g/t) |
28.71 |
50.96 |
27.41 |
30.16 |
36.34 |
|
Region average |
grade (g/t) |
62.36 |
67.02 |
57.28 |
67.51 |
62.79 |
|
Karaganda region |
||||||
|
Nurkazgan |
grade (g/t) |
2.84 |
2.24 |
3.18 |
1.99 |
2.11 |
|
Akbastau |
grade (g/t) |
- |
26.17 |
- |
- |
19.56 |
|
Kosmurun |
grade (g/t) |
- |
51.80 |
- |
- |
38.72 |
|
Abyz |
grade (g/t) |
50.96 |
42.96 |
50.96 |
- |
44.62 |
|
Region average |
grade (g/t) |
3.21 |
26.30 |
3.68 |
1.99 |
22.20 |
|
Overall average |
grade (g/t) |
20.41 |
20.56 |
19.04 |
21.88 |
19.66 |
|
Silver in concentrate |
('000 oz) |
8,455 |
8,816 |
4,066 |
4,389 |
4,672 |
|
Own concentrate |
('000 oz) |
7,382 |
7,226 |
3,561 |
3,821 |
3,681 |
|
Own concentrate processed by 3rd parties |
('000 oz) |
1,073 |
- |
505 |
568.3 |
- |
|
Purchased concentrate |
- |
1,590 |
- |
- |
991 |
|
|
Silver metal1 |
('000 oz) |
9,145 |
8,329 |
4,708 |
4,437 |
4,309 |
Kazakhmys Copper Production Appendix
By-products Mining - gold
|
GOLD |
6m 2009 |
6m 2008 |
Q2 2009 |
Q1 2009 |
Q2 2008 |
|
|
Balkhash complex |
||||||
|
Sayak I, III |
grade (g/t) |
0.36 |
0.36 |
0.29 |
0.44 |
0.42 |
|
Shatyrkul |
grade (g/t) |
0.42 |
0.46 |
0.39 |
0.44 |
0.58 |
|
Region average |
grade (g/t) |
0.38 |
0.38 |
0.32 |
0.44 |
0.45 |
|
East region |
||||||
|
Nikolayevsky |
grade (g/t) |
0.24 |
0.38 |
0.13 |
0.41 |
0.30 |
|
Artemyevsky |
grade (g/t) |
1.20 |
1.03 |
1.04 |
1.34 |
0.91 |
|
Irtyshsky |
grade (g/t) |
0.39 |
0.35 |
0.38 |
0.40 |
0.30 |
|
Belousovsky |
grade (g/t) |
- |
0.40 |
- |
- |
0.36 |
|
Orlovsky |
grade (g/t) |
0.93 |
1.09 |
0.97 |
0.89 |
1.17 |
|
Yubileyno-Snegirikhinsky |
grade (g/t) |
0.45 |
0.71 |
0.42 |
0.49 |
0.64 |
|
Region average |
grade (g/t) |
0.81 |
0.86 |
0.74 |
0.87 |
0.82 |
|
Karaganda region |
||||||
|
Nurkazgan |
grade (g/t) |
0.30 |
0.28 |
0.35 |
0.19 |
0.27 |
|
Akbastau |
grade (g/t) |
- |
0.90 |
- |
- |
0.77 |
|
Kosmurun |
grade (g/t) |
- |
2.86 |
- |
- |
2.95 |
|
Abyz |
grade (g/t) |
5.38 |
3.57 |
5.38 |
- |
3.81 |
|
Region average |
grade (g/t) |
0.34 |
1.33 |
0.40 |
0.19 |
1.29 |
|
Overall average |
grade (g/t) |
0.61 |
0.94 |
0.55 |
0.68 |
0.92 |
|
Gold in concentrate |
('000 oz) |
66.1 |
60.7 |
34.4 |
31.7 |
38.0 |
|
Own concentrate |
('000 oz) |
58.6 |
45.5 |
30.8 |
27.8 |
26.5 |
|
Own concentrate processed by 3rd party |
('000 oz) |
7.5 |
- |
3.6 |
3.9 |
- |
|
Purchased concentrate |
- |
15.2 |
- |
- |
11.5 |
|
|
Gold output1 |
('000 oz) |
67.9 |
62.8 |
38.9 |
29.0 |
31.4 |
1 Includes slimes from purchased concentrate
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