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Kazakhstan zinc producer reported for 2012

6 March 2013
Kazakhstan zinc producer reported for 2012

The largest organization of the sector production of non-ferrous

metals of the Kazakhstan company «Kazzinc» (Ust-Kamenogorsk) — published

report on the work of the enterprise last year. According to this document, the indicator

the group’s revenue structure during the reporting period made up 2.84 billion dollars

USA, more than a quarter exceeded the results of 2011.

In the detailed report of the organization stated,

the volume of production of the main product of the company — zinc — increased

last year slightly (300,8 thousand tons to 301,3 thousand tons). At the same

the number of mined precious metals at the enterprises of «Kazzinc» has grown

significantly — by 30% for gold (up to level 561000 Troy ounces (XAU)) and 100%

silver (to mark 19.8 million XAG). The analysts of Kazakhstan

metals manufacturer noted that under the capital expenses of the organization

decreased to 341 million USD (this is 22% less than the same period a year

previously), which allowed organizations to considerably improve the data on annual profit.

Mining company Kazzinc was formed in 1997

year by the merger of the largest in the Republic mining and processing of ores

non-ferrous and precious metals: Leninogorsk polymetallic and Zyryanovsk

lead and Ust-Kamenogorsk lead-zinc combine. Later

a list of the group’s assets were included Tekeli lead-zinc plant and the Bukhtarma

HPP. Today, the main shareholder of the organization is international

company «Glencore International» — one of the most powerful players on the global

commodities and rare earth metals, based in Switzerland American

businessmen Marc rich and Pincus green in 1974.

In the group of companies «Kazzinc» is more

10 types of nonferrous and precious metals, as well as resources extracted from the scattered

elements. Is the metal zinc, lead, copper (rough concentrate), aluminum,

bismuth, cadmium, indium, thallium, selenium, silver, gold and other metals.

5 March 2013
8 March 2013