Kazakhstan, KAZ Minerals increases copper production 26% in first nine 2022

KAZ Minerals, the largest copper producer in Kazakhstan, reported today that its copper production increased by 26% to 282 kt in the first nine months of 2022 (9M 2021: 224 kt).

“The world class ramp up of the second sulphide concentrator at Aktogay, as well as improved performance at Sulphide 1 and the oxide plant, enabled Aktogay to increase its copper output by 64% to 168 kt in the year to 30 September 2022 (9M 2021: 102 kt),” the company said in a statement.

The company’s 9M 2022 gold production of 129 koz increased by 2% compared with 9M 2021 (126 koz) due to higher output at Bozshakol where throughput and grades processed improved in the period.

In 9M 2022, KAZ Minerals also produced 2,718 koz of silver (9M 2021: 2,513 koz) and 29.4 ktonnes of zinc (9M 2021: 34.1 ktonnes).

KAZ Minerals added that its copper sales were aligned with copper production in the first nine months of the year but were 9% behind production in the third quarter, as Aktogay output exceeded expectations.

Importantly, the company noted that its finished goods inventory is expected to reduce in the fourth quarter and fully unwind during 2023.

CEO Andrew Southam stated, “KAZ Minerals has delivered an excellent set of operational results in the first nine months of 2022, with copper output increasing by 26%. The world class ramp up of the second sulphide concentrator at Aktogay has resulted in a step change in our production, while site management has continued to improve ore throughput across the Group to maximise copper output.”

KAZ Minerals is the largest copper producer in Kazakhstan. It operates the Aktogay and Bozshakol open pit copper mines in the Abay and Pavlodar regions of Kazakhstan, three underground mines and associated concentrators in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan. The company also completed a Bankable Feasibility Study for the greenfield Baimskaya copper project in Russia, which it acquired in 2018, Kitco reports.

Zijin Bor Copper, enlarged copper concentrate production in Serbia

China’s Zijin Mining Group, produced 26.9 million tonnes of tailings and 9.4 million tonnes of ore in the first half of 2020, in its Serbian unit – Zijin Bor Copper, lead mining engineer Jiao Jianming said.

The Chinese group injected $350 million (414.5 million euro) in the capital of Serbian copper mining and smelting company RTB Bor in December 2018, acquiring majority ownership, and renamed the company to Zijin Bor Copper.

Zijin Bor Copper,  produced 27,700 tonnes of copper concentrate in the first half of 2020, up 10.5% on the year, Jiao Jianming said.

“Instead of the projected average content of 0.304% ore with 0.338% of copper was mined, and the utilisation of metals in flotation was 103% of plan. Therefore, instead of the planned 24,000 tons of copper in concentrate, 10.5% more was produced in the period,” Jianming said in the latest edition of corporate newsletter Kolektiv.

“We expect a better price of copper in the coming period, so we are optimistic about the full implementation of the plan for 2020,” he added.

Zijin Bor Copper aims to produce 55,000 tonnes of copper concentrate and 90,000 of copper cathode in 2020.

Source: seenews.com