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Kazakhmys PLC (KAZ)

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Monday 19 December, 2005

Kazakhmys PLC

Production Summary

Kazakhmys PLC
19 December 2005

                                                                19 December 2005

                        Kazakhmys PLC Production Summary
                  for the nine months ended 30 September 2005

For the first nine months of 2005, Kazakhmys PLC copper cathodes production
stood at 301,245 tonnes, averaging 100,415 tonnes per quarter, which was in line
with management expectations. During this period, Kazakhmys processed 1,241
thousand tonnes of copper concentrate of which 207 thousand tonnes were
purchased.  Copper cathode production was slightly lower in the third quarter
compared to the second quarter due to the scheduled refinery refurbishment at
the Zhezkazgan complex and planned mining of lower metal content ores at some of
the mines.

Kazakhmys Group Production by Product
                                   Q1 '05   Q2 '05   Q3 '05   9m '05   FY 2004

Ore extraction            000 t     9,592    9,865    9,731   29,189    35,376
Average copper grade          %      1.00     1.05     1.04     1.03      1.30
Average zinc grade*           %      3.28     2.75     3.23     3.07      2.77

Copper Concentrate        000 t       386      438      418    1,241     1,607
own concentrate           000 t       330      355      348    1,034     1,593
purchased concentrate     000 t         6       83       69      207        14

Copper in Concentrate         %     24.82    23.90    23.01    23.88      25.2
own concentrate               %     25.42    24.93    23.92    24.75      25.2
purchased concentrate         %     20.80    19.74    18.44    19.56      21.4

Zinc Concentrate          000 t        59       50       45      154       150
Zinc in Concentrate           %      38.4     39.6     41.7     39.7      43.8

Copper Cathodes**         000 t      96.3    108.6     95.2    301.1       428
from own & purchased
concentrate               000 t      94.3    106.6     93.2    295.1       408
from tolling concentrate  000 t         2        2        2        6        20

Copper Rod                000 t       1.3      4.6      1.2      7.1        49
Metal Zinc                000 t      17.1     11.6      9.6     38.2      18.2
Silver                    000 oz    4,961    5,632    4,811   15,405    17,718
Gold                      000 oz     13.1     33.7     26.5     73.2      86.3
* complex ores only
**includes copper used to produce copper rod

The Group continued to benefit from strong metal prices, which more than
compensated for the slightly lower copper volumes in the third quarter.

Zinc metal production for the first nine months of 2005 was 38,238 tonnes. The
production was below management expectation due to the extended ramp up period
for the zinc refinery resulting in varying quality and volumes of refinery
output. The full operating capacity is expected to be reached during 2006.

The Group also produced 7,116 tonnes of copper rods, 15.4 million ounces of
silver and 73,247 ounces of gold during the first nine months of 2005.


Copper cathode production was lower in the third quarter of 2005, due to
scheduled smelter maintenance works at Zhezkazgan complex and planned mining of
lower metal content ores at some of the mines. As a result of the scheduled
furnace repair at the Zhezkazgan smelter, not all the delivered copper
concentrate could be fully smelted in the period and surplus stock of
concentrate is expected to be processed in the fourth quarter. Furnace capacity
was reduced during scheduled repair.

The Zhezkazgan smelter is expected to operate at full capacity during the fourth

Copper rod production was reduced in the third quarter of 2005, as more refined
copper was allocated to meet the Group's cathode copper export contracts.

                               Q1 '05    Q2 '05    Q3 '05    9m '05    FY 2004

Ore extraction       000 t      6,759     6,993     6,910    20,661     24,647
Average copper grade     %       0.87      0.90      0.86      0.88       1.06

Copper Concentrate*  000 t      145.4     154.4     143.1     442.9        668
Copper Cathodes      000 t       59.2      64.6      53.9     177.7        236
Copper Rod           000 t        1.3       4.6       1.2       7.1         49
*includes copper used to produce copper rod


Ore extraction at the Balkash complex in the third quarter was in line with
expectations with copper grades remaining at the same level as in the second
quarter. The copper concentrate and cathode copper production in the third
quarter were also in line with the second quarter.

                                Q1 '05    Q2 '05    Q3 '05    9m '05    FY 2004
Ore extraction        000 t      1,602     1,443     1,437     4,482      5,675
Average copper grade      %       0.61      0.75      0.75      0.70       0.67

Copper Concentrate    000 t       41.6      50.2      48.0     156.8        175
Copper Cathodes       000 t       35.4      42.0      39.9     117.3        172
Copper Rod            000 t         --        --        --        --         --

East region

In the third quarter of 2005, ore extraction at the Eastern Complex was below
that of the second quarter, primarily due to more complex mining conditions and
a temporary stoppage of mining operations at the Irtyshskoe mine in July and
August caused by the breakdown of the mine's main ventilator, which is now fully
repaired. At Artemiyevsky mine construction works were completed ahead of
original schedule.

Higher copper grades more than offset lower ore extraction volumes and as a
result, copper concentrate production in the third quarter was 8% higher than in
the second quarter.

Resumption of normal operations at the Nikolaevskoe open pit resulted in higher
grade ores being mined.

East Region
                               Q1 '05    Q2 '05    Q3 '05    9m '05   FY 2004

Ore extraction       000 t      1,231     1,430     1,384     4,045     5,054
Average copper grade     %       2.28      2.17      2.25      2.23      3.20

Copper Concentrate   000 t      143.3     136.4     144.2     423.9       750
Copper Cathodes      000 t         --        --        --        --        --
Copper Rod           000 t         --        --        --        --        --

For further information please contact:

Jinsoo Yang, Head of IR                         Tel:   +44 20 8636 7900
Sergei Stephantsov, Deputy Head of IR
Kazakhmys PLC

Morgan Bone                                     Tel:   +44 20 7251 3801
Robin Walker

Notes to Editor

Kazakhmys's principal business is the mining, processing, smelting, refining and
sale of copper and copper products, including copper cathode and copper rod, and
is carried on by the Company's main subsidiary LLC Kazakhmys Corporation. Based
on 2004 production, the Group is the 10th largest producer of copper cathode and
mined copper in the world. The Group's operations are vertically integrated.
Kazakhmys operates 16 open pit and underground mines and two smelting and
refining complexes in the Republic of Kazakhstan. Kazakhmys also owns
significant rail infrastructure in Kazakhstan and MKM, a copper products
fabrication company in Germany.

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

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