KAZ MINERALS Group PRODUCTION AND SALES REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2023
East Region & Bozymchak
Zinc in concentrate production
Zinc in concentrate sales
1.Payable metal in concentrate and copper cathode from Aktogay oxide ore 2.Payable metal in concentrate 3.Payable metal in concentrate, toll processed metal and copper cathode from Aktogay oxide ore 4.Payable metal in concentrate and toll processed metal
KAZ Minerals produced 95 kt of copper in Q1 2023 as both sulphide concentrators at Aktogay performed well and Bozshakol achieved throughput in excess of design capacity.
Copper sales of 108 kt were 13 kt higher than production as improved rail logistics enabled the Group to reduce its stockpile of finished goods inventories.
By-product output reduced compared with the previous quarter as extraction in Q4 2022 in the East Region was from particularly high grade areas. Sales of by-products exceeded production, benefiting from the improved rail logistics.
Andrew Southam, Chief Executive Officer, said: “KAZ Minerals has made a strong start to 2023 with copper production of 95 kt. The Group’s operations performed well and improved logistics to market enabled high sales volumes as inventories were reduced.”
For further information please contact:
Company Secretary, London
Corporate Communications, Almaty
Tel: +44 20 7901 7832
Tel: +7 727 244 03 53
7th Floor, 83 Victoria Street, London SW1H 0HW, United Kingdom.