Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Kazakhmys PLC (KAZ)

  Print      Mail a friend       Annual reports

Tuesday 01 August, 2006

Kazakhmys PLC

Q2 Production Results

Kazakhmys PLC
01 August 2006

                                                                   1 August 2006

                        Kazakhmys PLC Production Summary
                   for the second quarter ended 30 June 2006

•    Copper cathode production grew by 11% and copper in concentrate
     production increased by 13% in the second quarter of 2006 compared to the first
     quarter of 2006. Copper cathode produced from own copper concentrate was up by
     20% over the same period.

•    Zinc metal and zinc in concentrate production were respectively 14%
     and 20% lower compared to the first quarter as the Group focused on achieving
     increased copper recovery from complex copper-and-zinc containing ores and due
     to technical issues associated with the coolers at the Balkhash zinc plant.

*    Gold and silver production from own concentrate grew by 31% and 4%,
     respectively, compared to the first quarter of 2006 primarily due to increasing
     ore output from the high gold/silver grade ores of the Abyz and Artemyevskoe

Kazakhmys Group Copper Production

                                   6m         6m         Q2         Q1         Q2
                                 2006       2005       2006       2006       2005
Ore extraction        '000 t   20,127     19,458     10,287      9,839      9,866
Average copper grade  %           1.1        1.0        1.1        1.1        1.1
Average zinc grade    %           4.0        3.0        4.0        4.0        2.8

Copper in Concentrate '000 t    202.6      200.3      107.6       95.0      103.5
own concentrate       '000 t    183.4      172.6       98.7       84.7       88.6
purchased concentrate '000 t     19.2       27.7        8.9       10.3       14.9

Copper Cathodes*      '000 t    187.9      199.7       98.8       89.1      104.3
own concentrate       '000 t    169.0      167.3       92.2       76.8       86.3
purchased concentrate '000 t     17.5       25.6        5.9       11.6       15.7
tolling concentrate   '000 t      1.4        6.7        0.7        0.7        2.3
Copper Rod            '000 t     14.3        5.9        9.0        5.3        4.6

*Includes copper used to produce copper rod

Operational review

In the second quarter of 2006, the Group produced 98.8 thousand tonnes of copper
cathode (of which 9 thousand tonnes were used to produce copper rods), an 11%
increase on the first quarter of 2006. Copper cathode production from own
concentrate increased by 20% compared to the first quarter, reaching 92 thousand
tonnes. Copper cathode production through tolling arrangements has remained at
the same level. Total copper cathode production of 98.8 thousand tonnes
represents a 5.2% decrease compared to the same period in 2005. The reduction in
comparison to the same period in 2005 is primarily attributable to a 40%
reduction in purchased concentrate, operational difficulties due to adverse
weather conditions at the beginning of 2006 and, to a lesser degree, to the
delay in achieving customs clearance for 8 locomotives at the Chinese border in
the second quarter of 2006.

Kazakhmys Group by-products production

                                  6m         6m         Q2         Q1         Q2
                                2006       2005       2006       2006       2005
Zinc in Concentrate  '000 t     70.6       42.3       31.3       45.1       19.7
Zinc metal           '000 t     33.8       28.7       15.6       18.2       11.6

Silver               '000 oz  10,692     10,638      5,443      5,249      5,641
own concentrate      '000 oz  10,660     10,593      5,433      5,226      5,632
tolling              '000 oz      32         45         10         23          9

Gold                 '000 oz    77.7       62.8       42.7       35.1       42.7
own concentrate      '000 oz    53.6       46.8       30.4       23.2       33.7
tolling              '000 oz    24.2       16.0       12.3       11.9        9.0

Zinc metal production in the second quarter of 2006 was 15.6 thousand tonnes in
comparison to 18.2 thousand tonnes in the first quarter of 2006 due to technical
issues with the coolers at the zinc plant, which are currently being rectified.
Zinc in concentrate production was lower than in the first quarter of 2006 as
the Group focused on copper recovery from complex copper-and-zinc containing

In the second quarter of 2006, the Group produced 5.4 million ounces of silver
and 42.7 thousand ounces of gold, an increase of 4% and 22%, respectively,
compared to first quarter of 2006. Of the 42.6 thousand ounces of gold produced,
30.4 thousand ounces were produced from own concentrate (a 30.9% increase
compared to the first quarter of 2006). This increased gold production is the
result of a larger ore contribution from the Abyz and Artemyevskoe mines of
which both have high gold content in their ores. Of the 5.4 million ounces of
refined silver, only 9.6 thousand ounces were produced under tolling
arrangements. The higher silver production from own concentrate was also the
result of the raised output at the Abyz and Artemyevskoe mines.

Review by region

                                   6m         6m         Q2         Q1        Q2
                                 2006       2005       2006       2006      2005
Ore extraction       '000 t    14,050     13,751      7,226      6,824     6,993
Average copper grade %            0.8        0.9        0.8        0.8       0.9

Copper Concentrate   '000 t     280.1      299.8      140.7      139.5     145.4
Copper Cathodes1     '000 t     105.8      117.9       54.1       51.7      57.9
of which tolling     '000 t       0.5        0.1        0.3        0.3        --
Copper Rod           '000 t      14.3        5.9        9.0        5.3       4.6
*Includes copper used to produce copper rod

At the Zhezkazgan complex, copper concentrate production was marginally higher
with 1% growth in the second quarter of 2006 compared to the first quarter of
2006. Copper cathode production was around 5% higher than in the first quarter
of 2006, but lower than in the second quarter of 2005 due to the scheduled
maintenance shutdown of the Zhezkazgan copper smelter.

Copper rod production increased significantly from 5.3 thousand tonnes in the
first quarter of 2006 to 9 thousand tonnes in the second quarter of 2006 due to
more favourable market conditions.


                                  6m         6m         Q2         Q1         Q2
                                2006       2005       2006       2006       2005
Ore extraction       '000 t    2,286      2,823      1,266      1,021      1,432
Average copper grade %           0.8        0.7        0.8        0.8        0.8

Copper Concentrate   '000 t    133.0       91.8       84.2       48.9       50.2
Copper Cathodes      '000 t     82.1       81.8       44.7       37.4       44.3
of which tolling     '000 t      0.9        6.6        0.4        0.4        2.3
Copper Rod           '000 t       --         --         --         --         --

Copper concentrate and copper cathode production at the Balkhash complex
recovered from the first quarter results increasing by 72% and 20% respectively.
Overall, the first half of 2006 copper cathode production was higher than in the
same period of 2005 primarily due to higher copper grades.

East Region

                                   6m         6m         Q2         Q1        Q2
                                 2006       2005       2006       2006      2005

Ore extraction       '000 t     2,318      2,428        957      1,361     1,276
Average copper grade %            2.6        2.3        2.9        2.4       2.2

Copper Concentrate*  '000 t     259.5      241.2      127.4      132.1     106.7
Copper Cathodes      '000 t        --         --         --         --        --
Copper Rod           '000 t        --         --         --         --        --

*Excludes concentrate processed by third parties

In the first quarter of 2006, copper concentrate production at the East Region
complex was 4% lower compared to the first quarter of 2006. However higher
copper grade ores from recently commissioned mines supported an increase of 7.6%
in copper concentrate production in the first half of 2006 compared to the same
period of 2005.


                                   6m         6m         Q2         Q1        Q2
                                 2006       2005       2006       2006      2005
Ore extraction       '000 t     1,473        455        841        633       165
Average copper grade %            1.8        0.6        2.3        1.2       0.8

Copper Concentrate   '000 t      71.2       38.5       43.2       28.1      29.7
Copper Cathodes      '000 t        --         --         --         --        --
Copper Rod           '000 t        --         --         --         --        --

Ore extraction and copper concentrate production at the Karaganda complex mines
in the second quarter of 2006 increased by 33% and 54% respectively compared to
the first quarter of 2006. Production ramp-up at the recently commissioned Abyz
and Nurkazgan mines continues to progress well and is in line with management

For further information please contact:

Jinsoo Yang, Head of Investor Relations                   Tel: +44 20 7901 7800
Sergei Stephantsov, Deputy Head of Investor Relations
Kazakhmys PLC

Robin Walker                                              Tel: +44 20 7251 3801

- ends -

Notes to Editors

The Group'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 Kazakhmys Corporation LLC
("Kazakhmys"). Based on 2005 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 19 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

a d v e r t i s e m e n t