▲ Up
06:45 25-09-2017
АКИpress CA-News Tazabek Turmush
Kaz Minerals narrows copper output guidance
16:01, 17 August 2017, 944

AKIPRESS.COM - kazmineralsKaz Minerals, a copper firm focused on mining in Kazakhstan, narrowed its full-year output guidance on Thursday to 235,000-260,000 tonnes from 225,000-260,000 tonnes, after first half output more than doubled to 118,000 tonnes, the company said.

First-half operating profit was $291 million, compared with $68 million in the same period a year ago.

The firm, which focuses on large-scale, low-cost open pit mines, said it would not declare an interim dividend as it had invested heavily in new output and wanted to cut debt. But the company said it intended to resume dividend payments in future.

Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06