Kaz Minerals reports big jump in H1 copper production

Copper and gold miner KAZ Minerals said first half copper production more than doubled to 118 000 tonnes from 56,300 adding that it was on track to achieve its full-year guidance of 225,000 - 260,000 tonnes.

In a trading statement, Kaz said gold production was up to 93,000 ounces from 45 000 oz.

KAZ added that that the sulphide plant at its Bozshakol mine would reach full capacity in the second half of the year, adding that the ramp up of the Aktogay mine was progressing well.

Chief executive Oleg Novachuk said: "The operational performance has had a positive impact on unit costs supported by limited domestic inflation, with Aktogay and the East Region currently tracking below the guided full year cost range."