Kazakhyms plc is the tenth largest copper cathode producer and the tenth largest mined copper producer in the world. Its principal business is the mining, processing, smelting, refining and sale of copper and copper products, including copper cathode and copper rod. As by-products of it copper operations, the group also processes, refines and sells zinc, gold and silver.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Copper operations & others: 100%

Part of Jefferies note on KAZ:
"Kaz's stake in ENRC is not helpful: Kaz's 26% stake in ENRC has a market value of $1.8bn. Unfortunately, Kaz is only receiving a small dividend from ENRC, and this stake is highly illiquid and probably impossible to monetise for now. We are concerned that this investment may continue to be a drag on Kaz as ENRC is highly exposed to steelmaking raw materials (ferroalloys and iron ore), which have been extremely weak recently and may remain weak in the near-term.
Lowering estimates: We are significantly cutting our Kazakmhys EPS estimates as we are now assuming much higher costs for the company. We are also lowering our NPV-based target price for shares of Kazakhmys from 900p to 650p, and we are downgrading our rating on these shares from Buy to Hold.

Keep shorting KAZ, Harry.

Gone short 10,000 KAZ sold at 701 - very dodgy this shorting business

Gone into kaz this am, as it looks to have hit bottom, miners in general are on the up and kaz has a 12p div on the 24th april. in at 404p with a poss, of getting back to 700p got to be worth a punt.

BB - looks enticing!

BB - I think the dividend is 8p not 12p.

another mam mistake then.,. all went back this pm....what happened?
edit: could have sworn it said 12p yesterday.,.

correction final dividend is 8 US cents per share (lets try to get our facts right) , payable on 21st may.

Quite correct halifax, sorry, but at the mo looks like all the wheels have come off miners including pog and ernc which looked like it was on the way up according to the charts. back to the drawing board.,.

BB - happier?

This is something to do with a possible private equity buyout of ENRC??? Complicated russian manouvering.

only just come in, and yes looking better skinny. I also bought enrc at the same time so fingers crossed.,.

Q1 2013 Production Report & IMS

l Copper cathode output of 73 kt
§ On track to meet annual production target of between 285 kt and 295 kt
§ Production assisted by uninterrupted ore output and processing
§ Extraction of ore increased by 3% and 17% compared to Q4 2012 and Q1 2012, respectively

l By-product output on track to meet annual production targets
§ Silver output of 3,361 koz, benefited from higher than anticipated grade and a release of work in progress
§ Gold production of 24 koz and zinc in concentrate production of 32 kt

l Kazakhmys Power
§ Net power generation by Ekibastuz GRES-1 of 3,681 GWh, down 7% compared to Q1 2012
§ Reflecting lower domestic demand impacted by warmer weather
§ Average realised tariff rose to 6.54 KZT/kWh in Q1 2013

l Interim Management Statement highlights
§ 75.6 kt of cathode equivalent sales assisted by higher production
§ Net debt in continuing operations of $956 million as at 31 March 2013
§ Reflecting continued investment in major growth projects

Extended auction.

Kaz is not followed much in "Investors Room" - surprisingly no posts since April.
Kaz is big Co. and I think results are due next week. The take over of its shares in ENRC at a poorish price has dragged KAZ down, but I see it as freeing up KAZ from ENRC, and putting cash in KAZ bank which may be used more advantageously by assisting to open more of their own mines etc. Plus they will have millions of their own shares in treasury, which could perhaps be cancelled, sold, or issued as bonus shares - subject to Company law - which may be a plus for KAZ shareholders ?
I would hope KAZ may recover very strongly soon, as shown by very recent share price movements, even in weak markets. ( I am in KAZ at 335p ).

Nice day here in Benidorm today, the sea is calm and clear, plus it is not as hot as it has been. There seem to be fewer British holiday makers this year, but still many more Spanish holiday makers by far. I may go for a swim soon.

I understand that next Wednesday 25 Sept is the last day for acceptances of the
ENRC private offer for ENRC plc, of which KAZ holds many shares.
I suspect the offer close may generate plenty of press comment re KAZ and some
movement in KAZ shares.
I think KAZ will be much better off without being tied to ENRC plc.
I can not guess what will happen to KAZ over coming months ..., but am hopeful.
Any ideas ???????

take a position, probably long, but with a guaranteed stop of some kind ...... that way, your exit price is guaranteed (as it says on the tin), and therefore not subject to any nasty "slump spike" to coin an ugly phrase.

if you are happy to take the pain, then don't bother with the stop

That doesn't encourage me when I'm in at £4 :(

may well have a little dabble on monday as market is likely to open following wall street last night - just a bit of nonsense that with no real reason other than book closing of various option etc

Have a look at CAML - an AIM stock, just gone ex div today but a solid copper producer albeit in smaller quantities at a fraction of the production costs of the big boys. Surprised it's never been mentioned as I've been holding them since Aug 2012 and collected some healthy dividends en route.