Kazakhmys will reduce the production of copper cathodes

Mining Corporation Kazakhmys in 2011 could reduce the production of copper cathodes at 1%, to 300 thousand tons. This is stated in a message of concern. Last year, the company increased its revenue by 35%, to 3.24 billion dollars, in turn, net debt of the holding has declined from 689 million to $ 350 million total capital cost of the company last year rose to $ 428 million to 666 million previously reported that Kazakhmys plans to invest in the production of 6 billion U.S. These investments are planned over the next 3-4 years. The funds will be spent on modernization of metallurgical plants, as well as the development of energy and mining projects. Recall that Kazakhmys in 2012 will begin construction of a new mining plant. Each year, the mine will produce up to 25 million tons of products. Factory capacity is 100 tons of copper in concentrate. The company Kazakhmys is the largest producer of copper in Kazakhstan. The band also included in the top ten producers of red metal in the world. At present, Kazakhmys owns 10 concentrators and two smelters. Ministry of Industry