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%

Falling back to 150p.

Up 10% today when all other miners are getting hammered ?

This could be the reason .

BUZZ-Kaz Minerals: Weakness in Kazakh's tenge boosts stock
Wed, 19th Aug 2015 10:13
** Copper miner's shares up 8.4 pct, top midcap gainer, after the Kazakh tenge weakens against the dollar

** Kazakhstan's tenge currency was trading at 197.07-197.12 to the dollar on the interbank market on Wednesday

StockMarketWire.com
KAZ Minerals' underlying profit fell to $2m in the six months to the end of June - down from $71m a year ago.

Revenues fell to $341m from $425m and EBITDA excluding special items dropped to $88m from $195m. Thew group posts a pre-tax profit of $2m compared with a loss of $104m a year ago.

Chief executive Oleg Novachuk said: "Bozshakol and Aktogay progressed well in the first half of 2015, with pre-production mining activities underway and Aktogay on course for initial copper cathode production from oxide ore later this year.

"At Bozshakol, our preliminary assessment following the fire that occurred in the concentrator building on 14 August is that commissioning is currently expected to be delayed to the first quarter of 2016, with no change to the capital budget.

"As a result of the East Region's solid operational performance and cost control measures we are on track to achieve our full year copper production guidance at a reduced gross cash cost."

Take your pick ...

21 Aug Exane BNP... 210.00 Neutral
21 Aug Deutsche Bank 291.00 Buy
21 Aug Jefferies... 190.00 Hold
21 Aug JP Morgan... N/A Overweight
20 Aug Liberum Capital 155.00 Hold

Source: Dow Jones News
LONDON—Glencore PLC Chief Executive Ivan Glasenberg's rescue plan for his company could hinge on the fortunes of a single metal: copper.

The company's decision to close two unprofitable African copper mines would take 400,000 tons of copper production out of the market over the next 18 months, and helped send prices for the industrial metal up 5% in the U.S. and nearly 4% in London on Tuesday. Copper's gain was also attributed to new data out of China showing stronger-than-expected demand from the world's largest consumer of the metal.

.

Copper price today down 1.93% or $ / ton 5,161 - was even lower this past August.
KAZ shares down heavily today at multi year low - touched 115 before recovering.
I do not have any but am watching.

JimmyB -
My private information from copper producer - Zambia.
The Kariba dam is very low on water causing significant electricity rationing in Zambia.
Zambia Govt is due for re-election and do not want to curtail the forthcoming budget.
El Nino situation said to be threatening near term rainfalls and probably water supplies.
Does KAZ have interests in Zambia or is it all Kazakstan ? I do not know how Zambia situation will affect anything.

rekirkam ,it's Kazakhstan ,have a look at their website .
I don't know why they have taken a bigger hit than any of the other miners this morning ,time will tell .

http://www.kazminerals.com/en/

Monster fall. Where is the news?

one trick pony is no doubt a clue

Do you want to explain that cynic

copper only

Actually they also produce and sell significant quantities of zinc, silver and gold as by-products.
However look at Glencore and some of the others ,in the same boat.

Tenge 262/$
Copper 230
Short 3.71%

Getting trounced here the same as GLEN and LMI ..

hope you don't hold this one jimmy - nor GLEN!

Sure do ..

bad luck m8 :-(