TIDMKAZ
RNS Number : 3895D
KAZ Minerals PLC
29 January 2015
29 January 2015
Kaz minerals PLC Production Report for 12 MONTHS AND the fourth
Quarter Ended 31 december 2014
l Full year copper cathode production from continuing operations
83.5 kt
-- Achieved upper end of guidance, 80-85 kt
-- 2014 cathode production from continuing operations rose by
9%, supported by increase in copper in concentrate production
-- Movement from prior year also impacted by build-up of work in
progress at the smelter during 2013
-- Increased recovery rate at Nikolayevsky concentrator
following modernisation programme
l Q4 2014 copper cathode production from continuing operations
24.1 kt
-- Strong Q4 2014 copper cathode output of 24.1 kt (Q3 2014:
18.3 kt) as concentrate work in progress from the previous quarter
was processed
l Full year by-product output from continuing operations
robust
-- Zinc in concentrate output of 121 kt - ahead of guidance
-- Silver output of 3,435 koz - in line with guidance
-- Gold output of 34.6 koz - 4.0 koz gold in concentrate
delivered from Bozymchak will be processed in 2015
Basis of preparation - continuing operations versus discontinued
operations
-- The 'Mining Production - Retained Assets' section contains
production figures, comparative data and commentary that relate to
the continuing operations in the East Region and Bozymchak
-- The 'Group Production Summary' section includes separate
production data for the Disposal Assets that were under the
ownership of the Group until the Restructuring was completed on 31
October 2014
Oleg Novachuk, Chief Executive, said: "Our continuing operations
in the East Region delivered a strong fourth quarter of copper
cathode production and we have achieved the upper end of our full
year guidance. The fourth quarter also included copper cathode
production from our new copper-gold mine at Bozymchak, which made
its first shipment of concentrate to the Balkhash smelter in
December 2014. We look forward to updating the market on 26
February 2015 with our full year results for 2014 and on progress
at our major growth projects, Bozshakol and Aktogay."
For further information please contact:
KAZ Minerals
PLC
==================== ============================ =================
Chris Bucknall Investor Relations, Tel: +44 20 7901
London 7882
Corporate Communications, Tel: +44 20 7901
Maria Babkina London 7849
Tel: +44 20 7901
Irene Burton Financial Analyst, London 7814
Maksut Zhapabayev Corporate Communications, Tel: +7 727 244
Almaty 03 53
==================== ============================ =================
Instinctif Partners
==================== ============================ =================
Tel: +44 20 7457
David Simonson 2020
Tel: +44 20 7457
Anca Spiridon 2020
==================== ============================ =================
Hill & Knowlton
Hong Kong
====================== ========================== =================
Tel: +852 2894
K W Lam 6321
==================== ============================ =================
REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL,
United Kingdom.
NOTES TO EDITORS
KAZ Minerals PLC("KAZ Minerals") is a high growth copper company
focused on large scale, low cost, open pit mining in Kazakhstan. It
is a leading copper producer in Kazakhstan with five operating
mines and four concentrators. In 2014, total copper cathode output
from continuing operations was 84 kt. The Group's continuing
operations also produced 121 kt of zinc in concentrate, 3,435 koz
of silver and 35 koz of gold in 2014.
The Group has two major copper projects under construction,
Bozshakol and Aktogay, and a third, Koksay, at scoping stage. These
projects 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.
KAZ Minerals PLC is listed on the London Stock Exchange, the
Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and
employs around 10,000 people, principally in Kazakhstan.
Group Restructuring
In October 2014, the Group completed the disposal of certain
mature assets in the Zhezkazgan and Central Regions (the "Disposal
Assets") to Cuprum Netherlands Holding B.V. (the
"Restructuring").
Following completion of the Restructuring, the Company was
renamed KAZ Minerals PLC. The Company retained mining and
processing assets in the East Region, Bozymchak (the new mine and
concentrator in Kyrgyzstan) and the three major growth projects
Bozshakol, Aktogay and Koksay (the "Retained Assets"). As a result
of the Restructuring, KAZ Minerals is a smaller, focused group,
with the potential for exceptional future growth as it develops its
projects.
Copper Summary
mining Production - RETAINED ASSETS
East Region and Bozymchak Production Summary(1)
12m 12m Q4 Q3 Q4
2014 2013 2014 2014 2013
======================= ======== ====== ====== ====== ====== =======
Ore extraction kt 4,628 4,350 1,116 1,260 1,076
======================== ======= ====== ====== ====== ====== =======
Average copper
grade % 2.35 2.41 2.36 2.11 2.51
========================= ====== ====== ====== ====== ====== =======
Copper concentrate kt 474.6 462.1 125.3 114.4 126.5
======================== ======= ====== ====== ====== ====== =======
Copper in concentrate kt 89.9 86.8 23.6 21.9 23.3
========================== ===== ====== ====== ====== ====== =======
Copper cathode
production kt 83.5 76.8 24.1 18.3 22.7
=========================== ==== ====== ====== ====== ====== =======
(1) Includes output from the commissioning of the Bozymchak mine
in 2014.
Copper cathode output from continuing operations rose by 9% in
2014 to 83.5 kt, supported by an increase in recovery rates at the
Nikolayevsky concentrator. The movement from the prior year was
also impacted by a build-up of work in progress at the Balkhash
smelter during 2013.
2014 production includes a contribution from the new copper-gold
Bozymchak mine of 426 kt of ore and 0.7 kt of copper in
concentrate. The first shipment of concentrate reached the Balkhash
smelter in December 2014, part of which was processed in the
month.
In Q4 2014, copper cathode output from continuing operations of
24.1 kt was 32% above Q3 2014, assisted by an 8% increase in copper
in concentrate production (5% excluding Bozymchak) and the release
of work in progress accumulated in Q3 2014.
Copper Production Detail
12m 12m Q4 Q3 Q4
MINING 2014 2013 2014 2014 2013
========================== ================ ====== ====== ====== ====== =======
Artemyevsky ore (kt) 1,358 1,332 344 340 310
=========================== =============== ====== ====== ====== ====== =======
grade
(%) 1.78 1.68 1.86 1.69 1.72
============================== ============ ====== ====== ====== ====== =======
Irtyshsky ore (kt) 637 626 171 145 157
=========================== =============== ====== ====== ====== ====== =======
grade (%) 1.49 1.49 1.56 1.46 1.44
=========================== =============== ====== ====== ====== ====== =======
ore
Orlovsky (kt) 1,548 1,557 390 376 392
=============================== =========== ====== ====== ====== ====== =======
grade
(%) 3.66 3.45 3.46 3.48 3.60
============================ ============== ====== ====== ====== ====== =======
ore
Yubileyno-Snegirikhinsky (kt) 659 835 150 149 217
=============================== =========== ====== ====== ====== ====== =======
grade
(%) 2.13 2.30 2.11 2.13 2.43
============================= ============= ====== ====== ====== ====== =======
Bozymchak ore (kt) 426 - 61 250 -
============================= ============= ====== ====== ====== ====== =======
grade
(%) 1.00 - 1.01 1.00 -
============================= ============= ====== ====== ====== ====== =======
Total ore (kt) 4,628 4,350 1,116 1,260 1,076
============================= ============= ====== ====== ====== ====== =======
grade
Average (%) 2.35 2.41 2.36 2.11 2.51
============================ ============== ====== ====== ====== ====== =======
Ore extraction from the East Region operations and Bozymchak
mine increased to 4,628 kt in 2014, 6% above the prior year, with
the Bozymchak mine in Kyrgyzstan contributing 426 kt of ore at
1.00% copper grade. Ore output in the East Region decreased by 3%
in 2014 mainly due to a 21% reduction in ore extraction at the
mature Yubileyno-Snegirikhinsky mine, with the mine expected to
cease operations within the next two years. Ore output at the
Artemyevsky and Orlovsky mines, which together produced 74% of the
copper in ore in 2014, was consistent with the prior year.
Copper Summary
mining Production - RETAINED ASSETS
The average copper grade achieved of 2.35% in 2014 was below the
prior year, as lower grade contributions from the Bozymchak (1.00%)
and Yubileyno-Snegirikhinsky (2.13%) mines were only partially
offset by extraction from copper rich sections at the Orlovsky and
Artemyevsky mines. The average copper grade at Orlovsky increased
from 3.45% to 3.66% in 2014, whilst the Artemyevsky mine average
copper grade increased from 1.68% to 1.78%. The average copper
grade at Irtyshsky was in line with the prior year.
In Q4 2014, the average copper grade of 2.36% was above the
previous quarter due to mining at higher grade zones at
Artemyevsky, and the effect of lower ore output in Q4 2014 from
Bozymchak, which has a copper grade of 1.00%. Bozymchak ore output
in Q3 2014 was higher as sufficient material was stockpiled for use
in commissioning.
12m 12m Q4 Q3 Q4
PROCESSING 2014 2013 2014 2014 2013
=========================== ========= ====== ====== ====== ====== =======
Orlovsky concentrator kt 50.7 47.6 12.2 12.0 12.5
============================= ======= ====== ====== ====== ====== =======
Nikolayevsky
concentrator kt 27.8 14.5 8.4 7.5 4.2
============================ ======== ====== ====== ====== ====== =======
Belousovsky concentrator kt 9.0 10.0 2.4 2.3 2.8
============================= ======= ====== ====== ====== ====== =======
Other concentrators(1) kt 1.7 14.7 - - 3.8
============================= ======= ====== ====== ====== ====== =======
Bozymchak concentrator kt 0.7 - 0.6 0.1 -
============================== ====== ====== ====== ====== ====== =======
Total copper in
concentrate output kt 89.9 86.8 23.6 21.9 23.3
================================ ==== ====== ====== ====== ====== =======
Copper cathode production kt 83.5 76.8 24.1 18.3 22.7
=============================== ===== ====== ====== ====== ====== =======
(1) Includes third party processing and Berezovsky concentrator,
which was suspended in December 2013.
East Region copper in concentrate production in 2014 was 3% or
3.1 kt above the prior year at 89.9 kt. Copper in concentrate
output benefited from an increase in recovery rates at the
Nikolayevsky concentrator, rising to 88% compared to 82% in 2013.
Copper in concentrate production in 2014 does not fully reflect
copper in ore mined output as some ore from Artemyevsky mine was
stockpiled at the Nikolayevsky concentrator, where capacity was
restricted due to modernisation works that occurred mainly during
H1 2014. In H2 2014, ore processing volumes were in line with ore
extraction and it is expected that the Nikolayevsky concentrator
will increase its capacity in 2015. The processing of ore from the
Bozymchak mine is limited during the commissioning of the
concentrator, with production expected to ramp up in 2015.
Copper in concentrate output in Q4 2014 increased by 8% versus
Q3 2014 to 23.6 kt, reflecting a 7% increase in copper in ore mined
during the quarter in the East Region, in particular at the
Artemyevsky and Irtyshsky mines due to the temporary mining of
higher grade sections, and the 0.7 kt contribution from the
Bozymchak concentrator.
Copper cathode production of 83.5 kt was 9% above the prior year
supported by an increase in copper concentrate output. The movement
from the prior year was also impacted by a build-up of work in
progress at the Balkhash smelter during 2013.
In Q4 2014, copper cathode production toll processed at Balkhash
of 24.1 kt reflected the combined benefit of an increase in copper
in concentrate production compared to Q3 2014 and the release of
work in progress at the smelter.
Other Metals Summary
mining Production - RETAINED ASSETS
By-Product Production
12m 12m Q4 Q3 Q4
MINING &
PROCESSING 2014 2013 2014 2014 2013
======================= ========= ====== ====== ====== ====== =======
Zinc bearing
ore mined kt 4,202 4,350 1,055 1,010 1,076
========================= ======= ====== ====== ====== ====== =======
Average zinc
grade % 4.07 4.16 4.09 3.58 4.28
========================= ======= ====== ====== ====== ====== =======
Zinc in concentrate kt 121.4 133.8 32.0 27.7 34.2
======================== ======== ====== ====== ====== ====== =======
Silver bearing
ore mined kt 4,628 4,350 1,116 1,260 1,076
========================= ======= ====== ====== ====== ====== =======
Average silver
grade g/t 54.54 63.87 60.54 41.38 63.36
========================= ======= ====== ====== ====== ====== =======
Silver in concentrate koz 3,862 5,164 1,181 893 1,258
========================== ====== ====== ====== ====== ====== =======
Silver granule koz 3,435 4,685 805 962 1,208
=========================== ===== ====== ====== ====== ====== =======
Gold bearing
ore mined kt 4,628 4,350 1,116 1,260 1,076
========================== ====== ====== ====== ====== ====== =======
Average gold
grade g/t 0.91 0.86 0.91 0.96 0.93
========================== ====== ====== ====== ====== ====== =======
Gold in concentrate koz 39.5 46.9 13.6 8.7 11.5
========================== ====== ====== ====== ====== ====== =======
Gold bar koz 34.6 48.6 11.2 5.6 14.5
========================== ====== ====== ====== ====== ====== =======
Zinc
Zinc in concentrate output of 121.4 kt exceeded the guidance of
115-120 kt but this was a 9% decrease year on year, due to lower
grades and lower zinc bearing ore production. All East Region mines
with the exception of Orlovsky had lower zinc grades compared to
the prior year. Zinc in concentrate output in 2014 was also
impacted by a build-up of stockpiled ore while modernisation works
took place at the Nikolayevsky concentrator.
In Q4 2014, zinc in concentrate output was 32.0 kt, an increase
of 16% compared to the previous quarter. This reflected higher zinc
grades at the Orlovsky and Artemyevsky mines, the main contributors
of zinc metal in ore mined (82%) in the East Region.
It is expected that zinc metal grades at Artemyevsky and
Orlovsky will decrease in 2015 from the level achieved in 2014 as
production temporarily moves to lower grade areas.
Silver
Silver in ore mined in 2014 decreased by 9% compared to the
prior year, mainly reflecting a decrease in silver grade at the
Artemyevsky mine from 90.8 g/t to 63.8 g/t in 2014.
In 2014, silver granule production decreased by 27% to 3,435 koz
compared to the prior year due to a 25% reduction in silver in
concentrate production. This was anticipated in the full year
guidance of 3,300-3,700 koz. Silver in concentrate output decreased
due to falling recovery rates resulting from processing of lower
grade material. In the prior year the volume of silver processed
was higher than silver metal in ore extracted.
In Q4 2014, output of silver granule decreased by 16% to 805
koz, reflecting the release of work in progress in Q3 2014 compared
to a build-up in Q4 2014.
Other Metals Summary
mining Production - RETAINED ASSETS
It is expected that silver metal grades at Artemyevsky and
Orlovsky will decrease in 2015 from the level achieved in 2014 as
production temporarily moves to lower grade areas.
Gold
In 2014, gold in ore mined increased by 12% compared to the
prior year, benefiting from output from the gold-rich Bozymchak
mine, which was partially offset by a decrease in grade at
Artemyevsky.
Gold bar production of 34.6 koz in 2014 was below guidance of
37-42 koz, reflecting the timing of the first concentrate shipment
from Bozymchak. Total concentrate produced in Q4 2014 at Bozymchak
contained 4 koz of gold in concentrate, none of which was processed
into finished goods in 2014.
In Q4 2014, output of gold bar doubled to 11.2 koz from the 5.6
koz reported in Q3 2014, reflecting both an increase in gold in
concentrate produced from the East Region and the release of work
in progress at the precious metals refinery.
It is expected that gold metal grades at Artemyevsky and
Orlovsky will decrease in 2015 from the level achieved in 2014 as
production temporarily moves to lower grade areas.
Group Production Summary
Copper MINing
Retained Assets
======================================== ======= ======= ====== ====== =======
12m 12m Q4 Q3 Q4
East Region and Bozymchak 2014 2013 2014 2014 2013
======================================== ======= ======= ====== ====== =======
Artemyevsky ore (kt) 1,358 1,332 344 340 310
=========================== =========== ======= ======= ====== ====== =======
grade
(%) 1.78 1.68 1.86 1.69 1.72
=========== ======= ======= ====== ====== =======
Irtyshsky ore (kt) 637 626 171 145 157
=========================== =========== ======= ======= ====== ====== =======
grade
(%) 1.49 1.49 1.56 1.46 1.44
=========== ======= ======= ====== ====== =======
Orlovsky ore (kt) 1,548 1,557 390 376 392
=========================== =========== ======= ======= ====== ====== =======
grade
(%) 3.66 3.45 3.46 3.48 3.60
=========== ======= ======= ====== ====== =======
Yubileyno-Snegirikhinsky ore (kt) 659 835 150 149 217
=========================== =========== ======= ======= ====== ====== =======
grade
(%) 2.13 2.30 2.11 2.13 2.43
=========== ======= ======= ====== ====== =======
Bozymchak ore (kt) 426 - 61 250 -
=========================== =========== ======= ======= ====== ====== =======
grade
(%) 1.00 - 1.01 1.00 -
=========== ======= ======= ====== ====== =======
Total Retained
Assets ore (kt) 4,628 4,350 1,116 1,260 1,076
=========================== =========== ======= ======= ====== ====== =======
grade
Average (%) 2.35 2.41 2.36 2.11 2.51
=========================== =========== ======= ======= ====== ====== =======
Disposal Assets
10m 12m
Zhezkazgan Region 2014 2013
======================================== ======= =======
North ore (kt) 1,396 2,601
=========================== =========== ======= =======
grade
(%) 0.74 0.66
=========== ======= =======
East (incl. West) ore (kt) 5,511 6,935
=========================== =========== ======= =======
grade
(%) 0.83 0.80
=========== ======= =======
South (incl.
Stepnoy) ore (kt) 6,903 8,576
=========================== =========== ======= =======
grade
(%) 0.71 0.73
=========== ======= =======
Zhomart ore (kt) 3,147 3,738
=========================== =========== ======= =======
grade
(%) 0.98 1.11
=========== ======= =======
Central Region
============================ ========== ======= =======
Nurkazgan West ore (kt) 2,570 3,167
=========================== =========== ======= =======
grade
(%) 0.71 0.60
=========== ======= =======
Abyz ore (kt) - 391
=========================== =========== ======= =======
grade
(%) - 0.62
=========== ======= =======
Akbastau ore (kt) 1,786 2,163
=========================== =========== ======= =======
grade
(%) 1.99 1.80
=========== ======= =======
Sayak ore (kt) 1,275 1,814
=========================== =========== ======= =======
grade
(%) 0.95 0.90
=========== ======= =======
Shatyrkul ore (kt) 536 646
=========================== =========== ======= =======
grade
(%) 1.92 2.24
=========== ======= =======
Konyrat ore (kt) 3,995 4,810
=========================== =========== ======= =======
grade
(%) 0.31 0.30
=========== ======= =======
Total Disposal
Assets ore (kt) 27,119 34,841
=========================== =========== ======= =======
grade
Average (%) 0.83 0.81
=========================== =========== ======= =======
Group Production Summary
Copper processing
Retained Assets
12m 12m Q4 Q3 Q4
East Region 2014 2013 2014 2014 2013
========================================= ====== ======== ====== ====== =======
Copper concentrate kt 471.9 462.1 123.0 114.0 126.5
================================== ===== ====== ======== ====== ====== =======
Copper in concentrate kt 89.2 - 23.0 21.8 -
================================== ===== ====== ======== ====== ====== =======
Bozymchak
========================================= ====== ======== ====== ====== =======
Copper concentrate kt 2.7 - 2.3 0.4 -
================================== ===== ====== ======== ====== ====== =======
Copper in concentrate kt 0.7 - 0.6 0.1 -
================================== ===== ====== ======== ====== ====== =======
Total Retained Assets
========================================= ====== ======== ====== ====== =======
Copper concentrate kt 474.6 462.1 125.3 114.4 126.5
================================== ===== ====== ======== ====== ====== =======
Copper in concentrate kt 89.9 86.8 23.6 21.9 23.3
================================== ===== ====== ======== ====== ====== =======
Copper cathode output kt 83.5 76.8 24.1 18.3 22.7
================================== ===== ====== ======== ====== ====== =======
Disposal Assets
========================================= ====== ========
10m 12m
Zhezkazgan Region 2014 2013
========================================= ====== ========
Copper concentrate kt 337.8 435.8
================================== ===== ====== ========
Copper in concentrate kt 113.9 145.0
================================== ===== ====== ========
Central Region
========================================= ====== ========
Copper concentrate kt 561.2 624.0
================================== ===== ====== ========
Copper in concentrate kt 72.7 82.8
======
Total Disposal Assets
======
Copper concentrate kt 899.0 1,059.8
======
Copper in concentrate kt 186.6 227.8
======
Cathode output
======
Zhezkazgan smelter
======
Own concentrate kt - 76.3
======
Balkhash smelter
======
Own concentrate kt 89.5 109.4
======
Purchased concentrate kt 0.1 1.7
======
Tolling kt 4.0 0.1
======
Copper in concentrate
sold(1) kt 81.8 31.5
======
Total Disposal Assets
======
Own concentrate kt 89.5 185.7
======
Cathode equivalent
production(1) kt 171.3 217.2
======
(1) Copper cathode equivalent
of copper in concentrate
sold.
Group Production Summary
Other metals Mining - Zinc
Retained Assets
12m 12m Q4 Q3 Q4
East Region 2014 2013 2014 2014 2013
========================== ======= ====== ====== ====== ====== =======
grade
Artemyevsky (%) 4.04 4.65 4.61 3.23 4.04
========================== ======= ====== ====== ====== ====== =======
grade
Irtyshsky (%) 3.21 3.31 2.98 3.02 3.50
========================== ======= ====== ====== ====== ====== =======
grade
Orlovsky (%) 5.48 5.31 5.02 4.81 6.00
========================== ======= ====== ====== ====== ====== =======
grade
Yubileyno-Snegirikhinsky (%) 1.65 1.85 1.73 1.88 2.08
========================== ======= ====== ====== ====== ====== =======
grade
Average % 4.07 4.16 4.09 3.58 4.28
========================== ======= ====== ====== ====== ====== =======
Zinc bearing ore
mined kt 4,202 4,350 1,055 1,010 1,076
========================== ======= ====== ====== ====== ====== =======
Zinc in concentrate kt 121.4 133.8 32.0 27.7 34.2
========================== ======= ====== ====== ====== ====== =======
Disposal Assets
=================================== ====== ======
10m 12m
2014 2013
================================== ====== ======
grade
Abyz (%) - 1.98
========================== ======= ====== ======
grade
Akbastau (%) 1.38 1.16
========================== ======= ====== ======
grade
Average (%) 1.38 1.28
========================== ======= ====== ======
Zinc bearing ore
mined kt 1,786 2,554
========================== ======= ====== ======
Zinc in concentrate kt - 0.3
========================== ======= ====== ======
Group Production Summary
Other metals Mining - Silver
Retained Assets
12m 12m Q4 Q3 Q4
East Region and
Bozymchak 2014 2013 2014 2014 2013
================================ =================== ======= ======= ====== ====== =======
grade
Artemyevsky (g/t) 63.76 90.83 65.78 47.92 74.34
==================================== =============== ======= ======= ====== ====== =======
Irtyshsky grade (g/t) 49.61 50.78 55.45 45.85 55.25
========================== ========================= ======= ======= ====== ====== =======
grade
Orlovsky (g/t) 74.75 66.81 79.38 63.84 79.16
============================== ===================== ======= ======= ====== ====== =======
grade
Yubileyno-Snegirikhinsky (g/t) 21.60 25.18 26.20 18.71 25.00
============================== ===================== ======= ======= ====== ====== =======
grade
Bozymchak (g/t) 10.07 - 9.34 9.74 -
================================ =================== ======= ======= ====== ====== =======
grade
Average (g/t) 54.54 63.87 60.54 41.38 63.36
================================ =================== ======= ======= ====== ====== =======
Silver bearing
ore mined kt 4,628 4,350 1,116 1,260 1,076
=========================== ======================== ======= ======= ====== ====== =======
Silver in concentrate koz 3,862 5,164 1,181 893 1,258
=============================== ==================== ======= ======= ====== ====== =======
Silver granule
output koz 3,435 4,685 805 962 1,208
============================ ======================= ======= ======= ====== ====== =======
Disposal Assets
============================================================== =======
10m 12m
Zhezkazgan Region 2014 2013
============================== ===================== ======= =======
grade
North (g/t) 6.47 6.98
================================== ================= ======= =======
East (incl.
West) grade (g/t) 9.83 11.84
========================== ========================= ======= =======
South (incl.
Stepnoy) grade (g/t) 14.6 15.79
========================== ========================= ======= =======
Zhomart grade (g/t) 8.48 9.22
============================= ====================== ======= =======
Central
Region
===================================================== ======= =======
grade
Nurkazgan (g/t) 2.00 1.44
================================== ================= ======= =======
Abyz grade (g/t) - 19.46
========================== ========================= ======= =======
Akbastau grade (g/t) 16.62 16.28
========================== ========================= ======= =======
Sayak grade (g/t) 5.44 4.66
========================== ========================= ======= =======
Shatyrkul grade (g/t) 2.13 2.02
========================== ========================= ======= =======
Konyrat grade (g/t) 1.71 1.20
========================== ========================= ======= =======
grade
Average (g/t) 8.87 9.56
============================== ===================== ======= =======
Silver bearing
ore mined kt 27,119 34,841
=================================== ================ ======= =======
Silver in concentrate(1) koz 6,862 9,126
================================= ================== ======= =======
Silver granule
output(2) koz 2,431 8,272
===================================== ============== ======= =======
Silver granule equivalent
in copper concentrate
sold(3) koz 3,608 1,391
====================================== ============= ======= =======
(1) Includes a small volume of purchased concentrate.
(2) Includes a small volume of by-product production from former
Kazakhmys Gold's mines and slimes from purchased concentrate.
(3) Includes silver granule equivalent of silver in concentrate
sold.
Group Production Summary
other metals Mining - gold
Retained Assets
12m 12m Q4 Q3 Q4
East Region and
Bozymchak 2014 2013 2014 2014 2013
=============================== =============== ====== ====== ====== ====== =======
Artemyevsky grade (g/t) 0.64 0.92 0.67 0.56 0.82
========================== ==================== ====== ====== ====== ====== =======
Irtyshsky grade (g/t) 0.29 0.27 0.33 0.26 0.27
========================== ==================== ====== ====== ====== ====== =======
Orlovsky grade (g/t) 1.35 1.27 1.38 1.25 1.53
========================== ==================== ====== ====== ====== ====== =======
grade
Yubileyno-Snegirikhinsky (g/t) 0.43 0.46 0.54 0.43 0.48
============================ ================== ====== ====== ====== ====== =======
grade
Bozymchak (g/t) 1.83 - 1.77 1.79 -
============================ ================== ====== ====== ====== ====== =======
Average grade (g/t) 0.91 0.86 0.91 0.96 0.93
========================== ==================== ====== ====== ====== ====== =======
Gold bearing ore
mined kt 4,628 4,350 1,116 1,260 1,076
=========================== =================== ====== ====== ====== ====== =======
Gold in concentrate koz 39.5 46.9 13.6 8.7 11.5
================================ ============== ====== ====== ====== ====== =======
Gold bar output koz 34.6 48.6 11.2 5.6 14.5
============================= ================= ====== ====== ====== ====== =======
Disposal Assets
============================= ================= ====== ======
10m 12m
2014 2013
================================= ============= ====== ======
grade
Nurkazgan (g/t) 0.29 0.27
============================= ================= ====== ======
grade
Abyz (g/t) - 2.68
============================= ================= ====== ======
grade
Akbastau (g/t) 0.63 0.64
============================= ================= ====== ======
grade
Sayak (g/t) 0.45 0.22
============================= ================= ====== ======
grade
Shatyrkul (g/t) 0.30 0.35
============================= ================= ====== ======
grade
Average (g/t) 0.42 0.48
============================= ================= ====== ======
Gold bearing ore
mined kt 6,167 8,181
============================= ================= ====== ======
Gold in concentrate(1) koz 57.1 63.0
============================== ================ ====== ======
Gold bar output(2) koz 53.5 58.9
================================ ============== ====== ======
(1) Includes a small volume of purchased concentrate.
(2) Includes slimes from purchased concentrate and a small
volume from former Kazakhmys Gold's mines.
Group Production Summary
Power production
Disposal Assets
10m 12m
2014 2013
========================= ===== ====== ======
Net power generated(1) GWh 4,129 5,723
======================== ====== ====== ======
Net dependable
capacity(2) MW 832 843
======================== ====== ====== ======
(1) Electricity generated and sold to customers less internal
consumption and transformer losses in power stations.
(2) The net dependable capacity is the maximum capacity a unit
can sustain over a specified period of time modified for
seasonal limitations and reduced by the capacity required for
station service and auxiliaries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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