KAZAKHMYS PLC PRODUCTION REPORT FOR 12 MONTHS AND THE FOURTH QUARTER ENDED 31 DECEMBER 2012
Copper cathode production in line with guidance for the year
12% increase in ore extraction partly offset by anticipated decline in grade
Total cathode production of 294 kt for the full year
Production from own concentrate of 292 kt
By-product output in line with full year targets for all metals
Zinc in concentrate production of 152 kt
Silver ahead of guidance at 12,643 koz, reflecting higher than anticipated grade
Total gold production of 129 koz
Continued strong performance from Kazakhmys Power
13% increase in net power generated at Ekibastuz GRES-1, supported by continuing growth in demand and increase in available capacity
Commissioning of sixth unit completed in Q4 2012, raising capacity by 20% to 3,000 MW
Oleg Novachuk, Chief Executive Officer, said:
"We have met our production targets for the fifth consecutive year, and I would like to thank all of my colleagues for helping us to achieve this exceptional result. Copper production in 2013 should remain at a similar level to 2012 and annual sales contracts for the year have already been signed. I look forward to giving further updates on 2013 and in particular the progress on our major growth projects, Bozshakol and Aktogay, at our results on 28 February."
