According to KAZ Minerals, an increase of 9% is partly due to an increase in the recovery rate of copper at Nikolayevsky concentrator in East Kazakhstan from 82% to 88% as a result of the modernization program. In the fourth quarter of 2014 the Group produced 24.1 thousand tons of copper cathode, it is more in the third quarter by 32%.
An increase was due to growth of copper production in concentrate and processing accumulated in the third quarter of the volume of work in progress. 4.6 million tons of ore, including 426 thousand tons Bozymchak in Kyrgyzstan produced during the reporting period.
Reference: KAZ Minerals PLC is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. It is a leading copper producer in Kazakhstan with five operating mines and four concentrators. In 2014, total copper cathode output from continuing operations was 84 kt. The Group’s continuing operations also produced 121 kt of zinc in concentrate, 3,435 koz of silver and 35 koz of gold in 2014. The Group has two major copper projects under construction, Bozshakol and Aktogay, and a third, Koksay, at scoping stage. These projects are expected to deliver one of the highest growth rates in the industry and transform KAZ Minerals into a company dominated by world class open pit copper mines.