KAZ Minerals PLC Bozshakol Clay Plant Completion (1278L)
September 29 2016 - 2:00AM
UK Regulatory
TIDMKAZ
RNS Number : 1278L
KAZ Minerals PLC
29 September 2016
KAZ MINERALS PLC
6(TH) FLOOR
CARDINAL PLACE
100 VICTORIA STREET
LONDON SW1E 5JL
Tel: +44 (0) 20
7901 7800
======================
29 September 2016
bozshakol clay plant COMPLETION
KAZ Minerals PLC today announces the completion of construction
and the commencement of commissioning works at the Bozshakol clay
plant.
The clay plant has an annual processing capacity of five million
tonnes and is expected to commence production of saleable copper
concentrate in 2016. Completion of the plant brings the total ore
processing capacity at Bozshakol to 30 million tonnes per annum,
including the main 25 million tonne sulphide concentrator which
began operations at the start of the year.
The ramp up of the main sulphide concentrator is progressing
in-line with expectations and the 2016 production guidance for
Bozshakol remains unchanged.
Oleg Novachuk, Chief Executive, said: "I am very pleased to
report that the Bozshakol clay plant has begun commissioning.
Construction activities at Bozshakol are largely complete and we
are now focused on ramping up copper output from this 100 kt per
annum, long-life, low-cost, open pit mine."
For further information please contact:
KAZ Minerals
PLC
==================== ========================== ============
Chris Bucknall Investor Relations, Tel: +44 20
London 7901 7882
Investor Relations, Tel: +44 20
Anna Mallere London 7901 7814
Maksut Zhapabayev Corporate Communications, Tel: +7 727
Almaty 244 03 53
==================== ========================== ============
Instinctif Partners
==================== ========================== ============
Tel: +44 20
David Simonson 7457 2020
==================== ========================== ============
REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL,
United Kingdom.
NOTES TO EDITORS
KAZ Minerals PLC ("KAZ Minerals" or "the Group") is a high
growth copper company focused on large scale, low-cost, open pit
mining in Kazakhstan. It operates four mines and three
concentrators in the East Region of Kazakhstan, the Bozymchak
copper-gold mine in Kyrgyzstan, the Bozshakol open pit copper mine
in the Pavlodar region of Kazakhstan and the SX/EW plant at Aktogay
in the East Region of Kazakhstan. In 2015, total copper cathode
output from the East Region and Bozymchak was 81 kt with
by-products of 94 kt of zinc in concentrate, 3,135 koz of silver
and 35 koz of gold bar.
The Group's major growth projects at Bozshakol and Aktogay are
expected to deliver one of the highest growth rates in the industry
and transform KAZ Minerals into a company dominated by world class,
open pit copper mines.
Bozshakol is a first quartile asset on the global cost curve and
will have an annual ore processing capacity of 30 million tonnes
when fully ramped up, with a mine life of 40 years at a copper
grade of 0.36%. The mine and processing facilities will produce 100
kt of copper cathode equivalent and 120 koz of gold in concentrate
per year over the first 10 years of operations.
The Aktogay project is a large scale open pit development
similar to Bozshakol, with a mine life of more than 50 years and
average copper grades of 0.37% (oxide) and 0.33% (sulphide).
Aktogay commenced production of copper cathode from oxide ore in
December 2015 and the production of copper in concentrate from
sulphide ore is expected to begin in the first half of 2017. The
sulphide concentrator will have an annual ore processing capacity
of 25 million tonnes when fully ramped up. Aktogay is competitively
positioned on the global cost curve and will produce an average of
90 kt of copper cathode equivalent from sulphide ore and 15 kt of
copper cathode from oxide ore per year over the first 10 years of
operations.
KAZ Minerals is listed on the London Stock Exchange, the
Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and
employs around 12,000 people, principally in Kazakhstan.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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