8th Oct 2007 07:01
Kazakhmys PLC08 October 2007 08 October 2007 Kazakhmys PLC Production Update Kazakhmys PLC announces that on 9 September 2007 there was flooding at its SouthMine in the Zhezkazgan complex which has led to an interruption in transportingextracted ore from the mining horizons. Recovery work was initiated but it isnow apparent that it will take some weeks before South Mine returns to fullproduction. There were no injuries or fatalities. South Mine accounts for approximately 525,000 tonnes of ore output each month,with an average grade of 0.7%. This incident, combined with a slower thanplanned pick up in output from new concentrators in the second half of 2007, islikely to lead to copper cathode production from own ore in 2007 beingmoderately below the level of 2006. A full production report for the third quarter will be released on 24 October at07.00. - ends - For further information please contact: John Smelt, Head of Corporate Communication Tel: +44 20 7901 7882 Mob: +44 78 7964 2675Sergei Stephantsov, Investor Relations Manager Tel: +44 20 7901 7814Kazakhmys PLC Robin Walker Tel: +44 20 7251 3801Finsbury Notes to Editors Kazakhmys PLC Kazakhmys PLC is the largest copper producer in Kazakhstan and one of theleading copper producers in the world. Kazakhmys is a fully integrated copperproducer from mining ore through to the production of finished copper cathodeand rod. The Group produces significant volumes of other metals as by-products,including zinc, silver and gold. Existing operations include 19 open pit andunderground mines, 8 concentrators, two copper smelting and refining complexes,a copper rod plant, a zinc plant and a precious metals refinery. Production isbacked by a captive power supply and significant rail infrastructure. Kazakhmysalso owns MKM, a copper products fabrication company in Germany, and has Goldand Petroleum Divisions with assets in Kazakhstan and Central Asia. The Group'sstrategic aim is to diversify and participate in the development of thesignificant natural resource opportunities in Central Asia. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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