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%

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.

cynic are you in this one?

neither
KAZ has potential with luck
CAML looks far too thinly traded to make a comfortable place to be

of the majors, RIO is probably the one i'ld at, but have avoided the whole sector for a while

just have the gut feel some miners have hit rock bottom!

CAML looks like nice Company, but on AIM and with a share dealing spread of 4.5%,
it is no use for me using CFD's. It could be a nice place to park some cash for the longer term, if could be bought on a slump.

KAZ not looking that strong at present maybe a repeat drop down to the 2009 lows around £1.70 to form a bottom? as this needs to be above £2.50 to be going back up again! and most brokers/ MM are still negative at present with lower targets still in place.

DIPPED MY TOE..LOOKS A GOOD BET AT THIS LOW PRICE...TARGET 1000P

I wish.,.

What is happening - why up nearly 20% today ??

very very odd indeed .... HUGE volume = already 3.5x the daily norm, but no news of any kind ..... further, L2 shows buyers as just small PIs or similar

I am staying in for now with 5,000 shares - hope I am correct.
Must be some announcement coming ?????