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First copper cathode from oxide ore produced in Kazakhstan

02 December 2015 [10:12] - TODAY.AZ

/By AzerNews/

By Laman Sadigova

KAZ Minerals PLC has produced its first copper cathode from oxide ore located in the Aktogay project in the East Kazakhstan.

The sulphide concentrator remains on track for commissioning in 2017, which will result in the Aktogay project delivering a combined production from sulphide and oxide ore of 105,000 tons per annum on average for the first 10 years.

“I am delighted to announce the first copper from our major growth projects with the commencement of cathode output from oxide ore at Aktogay,” said Oleg Novachuk, the executive chief.

Extraction and processing of oxide ore at Aktogay GOK will be kept for the next 11 years.

“Our other major growth project, Bozshakol, will start production of copper in concentrate in the first quarter of 2016 and the main sulphide concentrator at Aktogay will be commissioned in 2017,” he said. “The completion of the Aktogay oxide project is an important step in delivering industry leading growth from our portfolio of large scale, low cost, open pit copper mines.”

KAZ Minerals PLC is a big copper company focused on low cost, large scale, open pit mining in Kazakhstan. The company is a major leading copper producer in Kazakhstan with five operating mines and four concentrators. The total copper cathode output from continuing operations was 84,000 tons in 2014. The Group’s operations also produced 121,000 tons of zinc in concentrate, 3.4 million ounces of silver and 35,000 ounces of gold in the same year.

The company has two major copper projects under construction, Bozshakol and Aktogay, and the third, Koksay, at the synoptic stage.

URL: http://www.today.az/news/regions/145639.html

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