13.8 C
Belgrade
Supported byspot_img
spot_img

Kaz Minerals first quarter copper output more than doubles

Member of Europium Groupspot_img
Supported byspot_img

Copper miner Kaz Minerals Plc said its first-quarter copper production more than doubled from a year earlier, helped by output from its new Bozshakol and Aktogay mines in Kazakhastan.

The company’s stock rose as much as 4.9 percent to 502.50 pence on the London Stock Exchange, making it the top FTSE midcap gainer.

The company, focused on large-scale, low-cost open pit mining in Kazakhstan, said its copper output stood at 52,000 tonnes in the first quarter ended March 31. Gold production also rose 140.1 percent to 42,500 ounces.

Supported by

The company said it was on track to meet 2017 production guidance for all metals.

Source: reuters

Supported byElevatePR Digital

Related News

OCSiAl expands SWCNT dispersion facility in Serbia to boost battery innovation

OCSiAl has completed construction of a state-of-the-art facility in Serbia dedicated to producing single wall carbon nanotube (SWCNT) dispersions. This facility, set to commence...

Europe’s position in the expanding battery market

The automotive industry is at a crossroads, necessitating transformation. Europe's focus on establishing expertise and capacity in battery cell production is crucial, supported by...

Ensuring responsible mineral supply chains in the renewable energy transition

The shift towards renewable energy is heavily reliant on minerals like copper, cobalt, bauxite and lithium for technologies such as batteries, electric vehicles, and...

Covas do Barroso: Local resistance against the push for lithium mining in Portugal

In the tranquil Portuguese village of Covas do Barroso, Nelson Gomes begins his day at dawn, tending to his cows and tending his vegetable...
Supported by
Supported by
Supported by
error: Content is protected !!