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Kazakhmys PLC (KAZ)

  Print      Mail a friend       Annual reports

Thursday 30 July, 2009

Kazakhmys PLC

Prod summary for 6 months and

RNS Number : 5295W
Kazakhmys PLC
30 July 2009
 



30 July 2009




Kazakhmys PLC Production Summary for Six Months and the Second Quarter Ended 30 June 2009


Production of 170 kt of copper cathode equivalent from own material in H1 2009
§ An increase of 8% on H1 2008
§ Production benefited from more efficient management of production facilities and processing of materials, including:
-   processing of stockpiled ore
-   raised output at two mines (South and Nurkazgan West)
-   improvements made in equipment availability and recovery rates
 
By-product output in H1 2009 also benefited from a reduction of work in progress and increased recovery rates at concentrators
§ Gold production of 67.9 koz, an 8% increase compared to H1 2008
§ Silver production increased 10% to 9,145 koz
§ Zinc in concentrate output increased 15% to 76 kt
 
Kazakhmys Power
§ 11% increase in power generation in Q2 2009 from Q1 2009 due to improved customer demand in the quarter
§ Decline in power generation of 32% in H1 2009 year-on-year, reflecting lower economic activity in Kazakhstan
 
 

Oleg Novachuk, Chief Executive Officer, said "These are strong results, and reflect the successful effort that has been made since the start of the year to improve operational effectiveness. At the end of last year we suspended production at four high cost mines, but we have raised output elsewhere and processed previously mined ore, which has lifted final output. Given the progress made in reducing stockpiles, output is likely to be lower in the second half, but we remain on track to meet our full year target. The production performance to date has been encouraging and a credit to the operational management teams."










For further information please contact:


 

 

Kazakhmys PLC



John Smelt Head of Corporate Communications Tel: +44 20 7901 7882
Tel: +44 78 7964 2675
Irene Burton Financial Analyst Tel: +44 20 7901 7814

Zulfira Mukhamedyarovа

Senior Manager - Media Relations

 Tel: +77 27 266 3317   

Merlin



David Simonson


Tel: +44 20 7653 6620

Tom Randell


Tel: +44 20 7653 6620

Leonid Fink 


Tel: +44 20 7653 6620


Notes to Editors

Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, with significant interests in copper, gold, zinc, silver, power generation and petroleum.


It is the largest copper producer in Kazakhstan and one of the top ten worldwide with 20 mines, 10 concentrators and 2 smelters. Kazakhmys copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode equivalent produced in 2008 from own ore was 343 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure. Kazakhmys also owns MKM, an upstream copper products fabrication company in Germany, which produces a range of pre- and semi-finished copper and copper alloy products.


Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2008, it produced 48 thousand tonnes of zinc metal and 137 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (17 million ounces produced in 2008). 


Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 179 thousand ounces of gold in 2008 and has measured and indicated resources of 2.3 million ounces.


Kazakhmys Power owns the recently acquired coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW. In addition, it owns the Maikuben open cast coal mine, supplying around 20% of the power plant's fuel requirements producing over 3.6 million tonnes of coal in 2008.


Kazakhmys Petroleum has acquired the East Akzhar exploration block, with an area of 602km², located on the eastern fringe of the Caspian depression. 


The Group is part of the FTSE-100 index of companies listed on the London Stock Exchange and is also listed on the Kazakhstan Stock Exchange (KASE). It had revenues of $5.2 billion in 2008 with EBITDA of $2.0 billion. The Group employs some 67,000 people, principally in Kazakhstan. The Group's strategic aim is to diversify and participate in the development of the significant natural resource opportunities in Central Asia.



Copper Summary

Kazakhmys Copper Production



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Ore extraction

'000 t

16,013

17,472

8,253

7,760

9,215

 Average copper grade

%

1.19

1.22

1.18

1.20

1.23

 Average zinc grade1

%

4.04

3.32

3.82

4.26

3.19








Copper in concentrate

'000 t

178.4

185.8

91.0

87.4

99.8

 own concentrate

'000 t

178.4

170.7

91.0

87.4

90.6

 purchased concentrate

'000 t

-

15.1

-

-

9.2








Copper cathode equivalent production 2

'000 t

173.8

174.3

88.2

85.6

90.2

 own concentrate

'000 t

170.1

157.1

88.2

81.9

81.6

 purchased concentrate

'000 t

3.7

17.1

-

3.7

8.6

 tolling concentrate

'000 t

-

0.1

-

-

-

Copper rod

'000 t

4.7

23.6

2.6

2.1

10.2

1Complex ores only

2Includes copper used to produce copper rod



Summary

Three key issues have influenced production in the first half of 2009, compared to the previous year:

  • Four higher-cost mines were suspended at the end of 2008, but this has been offset by improved operational efficiency at our producing mines, together with increased production at South and Nurkazgan West mines

  • Inventory and work in progress have been sharply reduced throughout the production chain

  • The weather in H1 2009 was mild, compared to H1 2008 when severe weather negatively impacted production


Copper Production

At the end of 2008, in response to lower copper prices, we temporarily suspended production at some higher cost mines. These mines produced around 3 million tonnes of ore in H1 2008.  Output benefited from recovery of production at South mine, in the Zhezkazgan complex, and the ramping up at Nurkazgan West, Karaganda region, which together added around 1.26 million tonnes. More efficient management of the continuing operations, including the transfer of some equipment and personnel from the suspended minesalso helped to offset the reduction from the suspended mines.  As a consequence, ore output in H1 2009 declined by just 1.5 million tonnes, or 8%, compared to H1 2008. 


Ore output within the period increased by 6%, from 7,760 kt in Q1 2009 to 8,253 kt in Q2 2009, with modest increases across all four regionsKaraganda region saw the most significant increase with the ramping up of Nurkazgan West underground mine which began production in February 2009.


Copper grades in H1 2009 and Q2 2009 were slightly lower than H1 2008 and Q2 2008, mainly because of the suspension of operations at the high grade Akbastau mine, due to the level of transportation costs, in the Karaganda region. This was partially offset by improved grades at Zhomart mine in the Zhezkazgan complex and the suspension of output at the low grade Kounrad mine. There could be further modest reductions in grade through the second half of the year, based on the current mine plan.


In the first six months of 2009 the production of copper in own concentrate increased by 5%, despite the lower ore output and grade. This was mainly due to the processing of stockpiled ore, which contributed just under 15 kt of copper in concentrate, and improved recovery rates at concentrators.  Production of copper in concentrate from own material in Q2 2009 increased by 4% over Q1, to 91 kt, reflecting the increase in mined metal.  


In H1 2009 copper cathode equivalent production was 170.1 kt, an increase of 8% over H1 2008. Copper cathode equivalent production from own concentrate in Q2 2009 increased by 8% to 88.2 kt, compared to 81.9 kt in Q1 2009. These rises reflect the increases in production of own copper in concentrate. 


In Q2 2009 11.3 kt of copper in concentrate (equivalent to 10.9 kt of finished cathode) was sold directly to China and not converted to cathode.


Copper rod production in Q2 2009 was slightly higher than in Q1 2009, reflecting a modest increase in demand in the domestic market.  Production remains significantly below the level of 2008, when more cathode was being processed into rod due to higher margins being available in the Chinese market.


 

By-products Summary

Kazakhmys copper By-products Production



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Zinc in concentrate

'000 t  

76.4

66.4

36.6

39.8

32.8

Zinc metal

'000 t 

8.6

24.6

-

8.6

12.2








Silver

'000 oz

9,147

8,330

4,709

4,438

4,310

 own production1

'000 oz

9,145

8,329

4,708

4,437

4,309

 tolling2

'000 oz

1.6

1.0

0.6

1.0

1.0








Gold

'000 oz

73.2

63.5

42.9

30.3

32.1

 own production1

'000 oz

67.9

62.8

38.9

29.0

31.4

 tolling2

'000 oz

5.3

0.7

4.0

1.3

0.7

1 Includes slimes from purchased concentrate 

2 Represents tolled materials provided via third parties


Zinc by-product

Zinc in concentrate production during H1 2009 was 15% higher than in H1 2008benefiting from the timing of receipts of material from third party processors, the processing of stockpiled ore and improved recovery rates at concentrators. This improvement was in spite of the significant decrease in zinc metal mined with the planned suspension of output at Akbastau and Abyz mines.


These benefits were mainly seen in the first quarter.  Zinc concentrate production in Q2 2009 was 8% below Q1 2009, due to a decline in grades in the East Region, which led to lower zinc metal in ore. 


Silver by-product

Production of silver from own material increased by 10% in H1 2009 and was 6% higher in Q2 2009 than Q1 2009There was a reduction in silver metal in mined ore, but this was significantly offset by lower levels of work in progress


Gold by-product

Gold metal in mined ore reduced in H1 2009 following the temporary suspension of production at Abyz, Kosmurun and Akbastau mines This did not affect gold production, which increased by 8% compared to H1 2008, due to a reduction of work in progress, particularly the processing of stockpiled gold rich Abyz ore. Abyz, in the Karaganda region, should restart extraction in Q3 as the stripping work has been completed and stockpiles have been reduced.  Recovery rates for gold improved during the period, notably at the Karagaily concentrator, where new press-filters and flotation equipment were commissioned in May 2009.  


 

Kazakhmys Copper Review by Region

Zhezkazgan Complex



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Ore extraction

'000 t

11,961

12,013

6,053

5,908

6,209

Average copper grade

%

0.87

0.81

0.87

0.87

0.83








Copper concentrate

'000 t

249.8

234.9

121.8

128.0

123.2

Copper in concentrate

'000 t

91.1

85.0

45.9

45.2

45.0








Copper cathodes1

'000 t

55.6

84.0

24.5

31.1

37.4

 own concentrate

'000 t

55.6

83.7

24.5

31.1

37.1

 purchased concentrate

'000 t

-

0.3

-

-

0.3

 tolling2

'000 t

-

-

-

-

-

Copper rod

'000 t

4.7

23.6

2.6

2.1

10.2

1 Includes copper used to produce copper rod

2 Represents tolled materials provided via third parties


Ore extraction of 11,961 kt during the first six months of 2009 was slightly below the prior year period, however there were a number of operational changes in the region. There was a reduction in output from West mine of just over 1,000 ktwhere most of the operations were suspended due to their high operating cost, with selected sections re-allocated to South and East mines. There was, however, an increase in production of 900 kt at South mine, where output was reduced in 2008 due to repair work on the main shaft lifting equipment.


Ore extraction at the Zhezkazgan complex increased by 2% compared to Q1 2009.  The main increases were seen at South mine and at the North group of mineswhere the short life open pit at Taskora has temporarily lifted output. These increases were partially offset by decreased production at Annensky mine, where extraction is deepening as the mine matures. 

 

The overall average copper grade in Q2 2009 remained unchanged at 0.87%although there were some variations within the region.  The changes in production of copper in concentrate at Zhezkazgan complex largely reflect the change in quantities of metal mined.


As previously reported, one of the furnaces at Zhezkazgan has been suspendedCopper cathode production from own concentrate during Q2 2009, therefore, was 21% lower than in the previous quarter.  However, sales of copper in concentrate to China from Zhezkazgan have increased to 11.3 kt in Q2 2009.  Surplus copper concentrate from Zhezkazgan is also being transported to the Balkhash complex for processing. These changes are allowing the furnaces within the Group to operate more efficiently and are assisting Kazakhmys to develop a presence in the concentrate market.


Copper rod is now mostly produced for the domestic market, as a result of the lower margins available. Production slightly increased in Q2reflecting a modest increase in demand in the local market, but remains behind the levels of 2008, due to the absence of sales to China.





Kazakhmys Copper Review by Region

Balkhash Complex



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Ore extraction

'000 t

1,135

1,424

589

546

820

Average copper grade

%

1.32

0.95

1.28

1.37

0.96








Copper concentrate1

'000 t

93.6

107.0

47.4

46.2

69.2

Copper in concentrate

'000 t

16.6

15.7

8.3

8.3

9.6








Copper cathodes

'000 t

102.3

90.3

52.8

49.5

52.8

 own concentrate

'000 t

98.6

73.4

52.8

45.8

44.5

 purchased concentrate

'000 t

3.7

16.8

-

3.7

8.3

 tolling2

'000 t

-

0.1

-

-

-

1Excludes concentrate processed by third parties

2 Represents tolled materials provided via third parties


Ore output was slightly ahead of Q1 2009, as extraction increased at both Sayak and Shatyrkul mines, benefiting from the increased availability of drilling equipment. The lower ore extraction reported in H1 2009 compared to the corresponding period in 2008, was mainly due to the suspension of operations at the low grade Kounrad mine at the start of 2009


The average copper grade in Q2 2009 decreased to 1.28% from 1.37% in Q1 2009, due to lower grades and higher output at Sayak mine.


The production of copper in concentrate was unchanged in Q2 2009 from Q1 2009, as the metal in mined ore only slightly increased, as lower grade offset the higher production volume.


The decrease in ore output in H1 2009, compared to H1 2008, did not impact the metal in ore output due to improvements in grade. As a consequence, the copper in concentrate production was higher than in the corresponding period in 2008.


Copper cathode production from own material increased by 15% to 52.8 kt in Q2 2009 from 45.8 kt in Q1 2009 reflecting the 6% increase in copper in concentrate production acrosEast, Karaganda, Balkhash regions and the transfer of additional concentrate from Zhezkazgan.


 


Kazakhmys Copper Review by Region

East Region



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Ore extraction

'000 t

2,255

2,254

1,135

1,120

1,206

Average copper grade

%

2.90

2.85

2.89

2.91

2.75








Copper concentrate1

'000 t

302.6

277.2

147.1

155.5

142.6

Copper in concentrate

'000 t

55.3

52.3

27.8

27.5

27.2

1Excludes concentrate processed by third parties


Ore extraction in Q2 2009 was in line with Q1 2009. Decreased production from Artemyevsky mine was offset by higher output at Nikolayevsky and Yubileyno-Snegirikhinsky mines. At Artemyevsky mine backfilling work is required and this is constraining production.  The increase in output at Yubileyno-Snegirikhinsky mine reflects the transfer of additional personnel and equipment from the suspended Belousovsky mine. 


The higher average copper grade in H1 2009 of 2.90%, compared to 2.85% achieved in H1 2008, arose from increased production and higher grades at Nikolayevsky mine and the suspension of production at the low grade Belousovsky minewhich was partly offset by the  decrease in grade at Orlovsky mine. 


The 6% improvement in production of copper in concentrate in H1 2009 compared to H1 2008 was due to higher volume of mined metal in ore and an improvement in recovery rates achieved by transferring the processing of ore produced at Yubileyno-Snegirikhinsky mine from the Nikolayevsky to the Belousovsky concentrator, which has shown the best recovery rate.



 

Kazakhmys Copper Review by Region

Karaganda Region



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Ore extraction

'000 t

662

1,781

476

186

980

Average copper grade

%

0.93

2.14

1.02

0.70

2.10








Copper concentrate1

'000 t

116.6

108.1

68.9

47.7

60.5

Copper in concentrate

'000 t

10.8

14.5

6.4

4.4

7.5

1Excludes concentrate processed by third parties


Ore extraction in the region for Q2, compared to Q1, has significantly increased as the Nurkazgan West underground mine ramped up its production. At Abyz mine, stripping work has been conducted over H1 2009 and stockpiles have been reduced, such that production is scheduled to recommence in Q3 2009.  Output in Karaganda in H1 2009 is below the level achieved in the same period in 2008due to the planned suspension of Akbastau mine.


The average copper grade achieved in Q2 2009 was 1.02% compared to 0.70% in Q1 2009, reflecting the increase in output and grade at Nurkazgan West mine. The lower average copper grade reported for H1 2009 reflects the suspension of the high grade Akbastau mine.


Copper in concentrate output increased from 4.4 kt in Q1 2009 to 6.4 kt in Q2 2009. The increase reflects the increase in metal in mined ore from Nurkazgan West mine and from the processing of stockpiled ores from the Abyz and Akbastau mines.


Production of copper in concentrate in H1 2009 is slightly below the corresponding period of 2008 and does not reflect the substantial decrease in metal in mined ore. This is due to processing in the prior year of ores from Kosmurun, Akbastau and Nurkazgan mines at concentrators in the East and Balkhash regions. In addition, there was an accumulation of stockpiled ore during 2008, which was processed in H1 2009.


  Other Divisions Review

kazakhmys gold PRODUCTION



6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Ore extraction  

'000 t

746

857

608

138

665

Gold ore grade

g/t

1.46

1.50

1.38

1.79

1.49








Gold in ore to pads 

'000 oz

33.6

37.2

26.0

7.6

28.6

Gold precipitation

'000 oz

19.6

21.9

13.0

6.6

15.0








Gold doré production

'000 oz

19.7

22.1

13.6

6.1

14.2

Silver production

'000 oz

18.9

21.0

12.5

6.4

11.7



Ore extraction decreased from Q2 2008 due to the closure of the Zhaima deposit in September 2008, but was significantly higher than Q1 2009 due to normal seasonal factors. 


The average gold grade is lower than 2008 and Q1 2009 levels due to change of mining activity to areas of lower ore grade.


The gold doré production is similar to Q2 2008 but is significantly higher than Q1 2009 due to the normal seasonal changes, where colder weather impacts the leach heap technology used in the production process. The gold doré production in H1 2009 decreased only slightly compared to the same period of last year. Grades are lower, but to date, the closure of Zhaima mine has had limited impact, with the processing of previously mined ore. 



  Other Divisions Review 

kazakhmys Petroleum

Kazakhmys Petroleum is continuing its work programme at the Eastern Akzhar exploration block. The testing process at the first deep well encountere some technical difficulties, which are currently being rectified and the analysis should be resumed in Q3 2009. 


The infrastructure at the site of the second deep well was constructed during H1 2009 and the drilling of the well has started. At the end of June 2009, 4,362 metres, out of a projected 5,200 metres, had been drilled.


Initial site work has started for the third well and drilling will commence in H2 2009 as soon as the second well is completed.


  Other Divisions Review 

kazakhmys POWER PRODUCTION





6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Coal extraction

'000 t

1,654

1,771

749

905

849

Coal extraction attributable to Kazakhmys*

'000 t

1,654

377

749

905

377








Net power generated

GWh

3,761

5,506

1,981

1,780

2,636

Net power generated attributable to Kazakhmys* 

GWh

3,761

948

1,981

1,780

948

Net dependable capacity

MW

2,256

2,036

2,256

  2,256

1,882

Period from acquisition on 29th May 2008


 

The 7% decline in coal output in H1 2009 compared to H1 2008 reflects the general decrease in demand due to the challenging economic conditions in Kazakhstan.  Coal extraction decreased in Q2 2009 by 17% compared to Q1 2009 reflecting the seasonal decrease in coal sales. 


Demand for electricity reduced significantly in Q4 2008 and has generally remained low in 2009. The 11% increase in power generation at Kazakhmys Power in Q2 2009 was due to the addition of a new customer and a slight increase in power consumption by existing customers.


The 32% percent decrease in electricity generated in H1 2009, compared to H1 2008, was largely driven by lower demand from industrial customers, reflecting the weaker economic environment.  


Net dependable capacityin Q2 2009 is flat compared to Q1 2009. For the first six months of 2009, net dependable capacity increased by 190 MW, compared with the same period of 2008, due tthe major overhaul of Unit 6 in the second half of 2008. 


The major overhaul of Unit 5 started in mid April 2009. The work is expected to be completed by the end of 2009.The current gross dependable capacity of Unit 5 is 430 MW and should increase to the nameplate capacity of 500 MW after the overhaul. The installatioof an electrostatic precipitator has commenced at Unit 5 and should be commissioned by the end of June 2010.







1  The net dependable capacity is the real productive capacity of GRES-1. It is calculated by taking the maximum design capacity of the generation units and then factoring in the physical condition of the units (e.g. wear and tear), production outages for repairs and internal consumption of electricity

  Kazakhmys Copper Production Appendix

CoppeMINing

Zhezkazgan complex

6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


North

ore ('000 t)

1,913

1,662

978

935

1,104


grade (%)

0.76

0.75

0.74

0.78

0.79

East

ore ('000 t)

2,544

2,680

1,285

1,259

1,358


grade (%)

0.64

0.82

0.65

0.64

0.83

South

ore ('000 t)

2,544

1,596

1,389

1,155

628


grade (%)

0.70

0.66

0.69

0.71

0.67

West 

ore ('000 t)

69

1,128

-

69

640


grade (%)

0.72

0.51

-

0.72

0.55

Stepnoy

ore ('000 t)

1,703

1,481

858

845

765


grade (%)

0.80

0.81

0.80

0.80

0.77

Annensky

ore ('000 t)

1,603

1,806

747

856

859


grade (%)

0.81

0.85

0.79

0.84

0.90

Zhomart

ore ('000 t)

1,585

1,660

796

789

855


grade (%)

1.78

1.16

1.84

1.71

1.22








Complex total 

ore ('000 t)

11,961

12,013

6,053

5,908

6,209

Complex average

grade (%)

0.87

0.81

0.87

0.87

0.83


Balkhash complex

6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Kounrad

ore ('000 t)

-

494

-

-

349


grade (%)

-

0.28

-

-

0.28

Sayak I, III

ore ('000 t)

864

783

450

414

384


grade (%)

1.02

1.07

0.97

1.08

1.13

Shatyrkul

ore ('000 t)

271

147

139

132

87


grade (%)

2.27

2.53

2.29

2.26

2.91








Complex total

ore ('000 t)

1,135

1,424

589

546

820

Complex average

grade (%)

1.32

0.95

1.28

1.37

0.96


  Kazakhmys Copper Production Appendix

CoppeMINing (continued)

East region

6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Nikolayevsky

ore ('000 t)

250

192

150

100

110


grade (%)

2.33

1.74

2.18

2.55

1.41

Artemyevsky

ore ('000 t)

632

736

299

333

403


grade (%)

1.60

1.68

1.58

1.62

1.70

Irtyshsky

ore ('000 t)

232

237

105

127

119


grade (%)

1.50

1.36

1.49

1.50

1.35

Belousovsky

ore ('000 t)

-

122

-

-

61


grade (%)

-

0.92

-

-

0.94

Orlovsky

ore ('000 t)

814

746

408

406

386


grade (%)

4.37

4.92

4.31

4.43

4.78

Yubileyno-Snegirikhinsky

ore ('000 t)

327

221

173

154

127


grade (%)

3.20

3.35

3.30

3.10

3.22








Region total

ore ('000 t)

2,255

2,254

1,135

1,120

1,206

Region average

grade (%)

2.90

2.85

2.89

2.91

2.75


Karaganda region

6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Nurkazgan (West, North)

ore ('000 t)

657

349

471

186

127


grade (%)

0.91

0.81

1.00

0.70

0.53

Akbastau

ore ('000 t)

-

1,016

-

-

636


grade (%)

-

2.61

-

-

2.35

Kosmurun

ore ('000 t)

-

180

-

-

106


grade (%)

-

2.60

-

-

2.61

Abyz

ore ('000 t)

5

236

5

-

111


grade (%)

2.78

1.77

2.78

-

1.92








Region total

ore ('000 t)

662

1,781

476

186

980

Region average

grade (%)

0.93

2.14

1.02

0.70

2.10








Total

ore ('000 t)

16,013

17,472

8,253

7,760

9,215

Average

grade (%)

1.19

1.22

1.18

1.20

1.23





  Kazakhmys Copper Production Appendix

Copper processing


6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Zhezkazgan complex







Copper concentrate

'000 t

249.8

234.9

121.8

128.0

123.2

Copper in concentrate

'000 t

91.1

85.0

45.9

45.2

45.0

Balkhash complex







Copper concentrate

'000 t

93.6

107.0

47.4

46.2

69.2

Copper in concentrate

'000 t

16.6

15.7

8.3

8.3

9.6

East region







Copper concentrate

'000 t

302.6

277.2

147.1

155.5

142.6

Copper in concentrate

'000 t

55.3

52.3

27.8

27.5

27.2

Karaganda region







Copper concentrate

'000 t

116.6

108.1

68.9

47.7

60.5

Copper in concentrate

'000 t

10.8

14.5

6.4

4.4

7.5








Total own processed







Copper concentrate

'000 t

762.7

727.2

385.2

377.5

395.5

Copper in concentrate

'000 t

173.8

167.5

88.4

85.4

89.3








Own ore processed by third parties







Copper concentrate

'000 t

18.1

11.4

10.1

8.1

4.5

Copper in concentrate

'000 t

4.6

3.2

2.6

2.0

1.3








Total own







Copper concentrate

'000 t

780.8

738.6

395.3

385.5

400.0

Copper in concentrate

'000 t

178.4

170.7

91.0

87.4

90.6








Purchased concentrate







Copper concentrate

'000 t

0.1

53.6

-

0.1

29.6

Copper in concentrate

'000 t

-

15.1

-

-

9.2








Total copper in concentrate

'000 t

178.4

185.8

91.0

87.4

99.8



  Kazakhmys Copper Production Appendix

Copper smelter / refinery - copper cathodes production


6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Zhezkazgan smelter







Own concentrate

'000 t

55.6

83.7

24.5

31.1

37.1

Purchased concentrate

'000 t

-

0.3

-

-

0.3

Sub - total 

'000 t

55.6

84.0

24.5

31.1

37.4

Tolling

'000 t

-

-

-

-

-

Total including tolling

'000 t

55.6

84.0

24.5

31.1

37.4








Balkhash smelter







Own concentrate

'000 t

98.6

73.4

52.8

45.8

44.5

Purchased concentrate

'000 t

3.7

16.8

-

3.7

8.3

Sub - total

'000 t

102.3

90.2

52.8

49.5

52.8

Tolling

'000 t

-

0.1

-

-

-

Total including tolling

'000 t

102.3

90.3

52.8

49.5

52.8








Grand total

'000 t

157.9

174.3

77.3

80.6

90.2




 


Kazakhmys Copper Production Appendix

By-products Mining - Zinc

ZINC


6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


East region







Nikolayevsky

grade (%)

1.94

3.26

1.77

2.20

3.53

Artemyevsky

grade (%)

5.16

4.97

4.70

5.57

4.69

Irtyshsky

grade (%)

3.65

3.40

3.68

3.63

3.53

Belousovsky

grade (%)

-

1.98

-

-

2.03

Orlovsky

grade (%)

4.56

4.85

4.62

4.50

4.65

Yubileyno-Snegirikhinsky

grade (%)

2.42

3.94

2.22

2.63

4.10








Region average

grade (%)

4.03

4.36

3.81

4.26

4.26








Karaganda region







Kosmurun

grade (%)

-

4.13

-

-

3.72

Akbastau

grade (%)

-

0.87

-

-

1.02

Abyz

grade (%)

5.64

3.39

5.64

-

3.39








Region average

grade (%)

5.64

1.69

5.64

-

1.45








Overall average 

grade (%)

4.04

3.32

3.82

4.26

3.19








Zinc in concentrate 

('000 t)

76.4

66.4

36.6

39.8

32.8

Zinc metal

('000 t)

8.6

24.6

-

8.6

12.2


  Kazakhmys Copper Production Appendix

By-products Mining - Silver

SILVER 


6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Zhezkazgan complex







North

grade (g/t)

11.43

10.80

11.11

11.77

10.51

East

grade (g/t)

19.13

19.06

20.25

17.98

18.99

South

grade (g/t)

18.01

12.68

17.17

19.02

11.47

West 

grade (g/t)

17.01

13.26

-

17.01

13.44

Stepnoy

grade (g/t)

8.13

9.02

8.58

7.68

8.23

Annensky

grade (g/t)

22.27

15.00

18.99

25.12

17.34

Zhomart

grade (g/t)

7.57

7.17

7.08

8.05

7.98








Region average

grade (g/t)

14.97

13.03

14.52

15.43

13.08








Balkhash complex







Kounrad 

grade (g/t)

-

0.90

-

-

0.85

Sayak I, III

grade (g/t)

5.15

5.14

4.80

5.52

5.06

Shatyrkul

grade (g/t)

2.35

2.00

1.93

2.79

2.02








Region average

grade (g/t)

4.48

3.34

4.12

4.86

2.94








East region







Nikolayevsky

grade (g/t)

19.77

35.45

14.04

28.35

25.97

Artemyevsky

grade (g/t)

95.22

91.18

88.55

101.22

81.04

Irtyshsky

grade (g/t)

58.85

53.39

58.38

59.24

55.39

Belousovsky

grade (g/t)


39.23



37.96

Orlovsky

grade (g/t)

64.40

64.93

62.60

66.20

69.09

Yubileyno-Snegirikhinsky

grade (g/t)

28.71

50.96

27.41

30.16

36.34








Region average

grade (g/t)

62.36

67.02

57.28

67.51

62.79








Karaganda region







Nurkazgan

grade (g/t)

2.84

2.24

3.18

1.99

2.11

Akbastau

grade (g/t)

-

26.17

-

-

19.56

Kosmurun

grade (g/t)

-

51.80

-

-

38.72

Abyz

grade (g/t)

50.96

42.96

50.96

-

44.62








Region average

grade (g/t)

3.21

26.30

3.68

1.99

22.20








Overall average

grade (g/t)

20.41

20.56

19.04

21.88

19.66








Silver in concentrate 

('000 oz)

8,455

8,816

4,066

4,389

4,672

Own concentrate

('000 oz)

7,382

7,226

3,561

3,821

3,681

Own concentrate processed by 3rd parties 

('000 oz)

1,073

-

505

568.3

-

Purchased concentrate


-

1,590

-

-

991

Silver metal1

('000 oz)

9,145

8,329

4,708

4,437

4,309

Kazakhmys Copper Production Appendix

By-products Mining - gold

GOLD


6m

2009


6m

2008


Q2

2009


Q1

2009


Q2

2008


Balkhash complex







               Sayak I, III

grade (g/t)

0.36

0.36

0.29

0.44

0.42

Shatyrkul

grade (g/t)

0.42

0.46

0.39

0.44

0.58








Region average

grade (g/t)

0.38

0.38

0.32

0.44

0.45








East region







Nikolayevsky 

grade (g/t)

0.24

0.38

0.13

0.41

0.30

Artemyevsky

grade (g/t)

1.20

1.03

1.04

1.34

0.91

Irtyshsky

grade (g/t)

0.39

0.35

0.38

0.40

0.30

Belousovsky

grade (g/t)

-

0.40

-

-

0.36

Orlovsky

grade (g/t)

0.93

1.09

0.97

0.89

1.17

Yubileyno-Snegirikhinsky

grade (g/t)

0.45

0.71

0.42

0.49

0.64








Region average

grade (g/t)

0.81

0.86

0.74

0.87

0.82








Karaganda region







Nurkazgan 

grade (g/t)

0.30

0.28

0.35

0.19

0.27

Akbastau

grade (g/t)

-

0.90

-

-

0.77

Kosmurun

grade (g/t)

-

2.86

-

-

2.95

Abyz

grade (g/t)

5.38

3.57

5.38

-

3.81








Region average

grade (g/t)

0.34

1.33

0.40

0.19

1.29















Overall average

grade (g/t)

0.61

0.94

0.55

0.68

0.92








Gold in concentrate

('000 oz)

66.1

60.7

34.4

31.7

38.0

 Own concentrate

('000 oz)

58.6

45.5

30.8

27.8

26.5

Own concentrate processed by 3rd party

('000 oz)

7.5

-

3.6

3.9

-

Purchased concentrate


-

15.2

-

-

11.5

Gold output1

('000 oz)

67.9

62.8

38.9

29.0

31.4


1 Includes slimes from purchased concentrate




This information is provided by RNS
The company news service from the London Stock Exchange
 
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MSCCKCKDFBKDKOB