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%

Great few days here. Best buying mitzy !

http://www.telegraph.co.uk/finance/markets/ftse100/11916483/FTSE-hits-seven-week-high-as-Morgan-Stanley-rates-mining-sector-attractive.html

This won't stop going up even when the others take a breather.

And still we march on !!!

KAZ well positioned to meet targets

StockMarketWire.com

KAZ Minerals reports another solid quarter of production from its East Region operations and Bozymchak leaves it well positioned to meet its 2015 copper and by-product targets.

Highlights:

Copper cathode production of 58 kt for the nine months

- Underlying copper in concentrate production of 67 kt

- On target to achieve 80-85 kt full year cathode guidance, supported by expected release of copper work in progress in Q4 2015

Good zinc and silver by-product output

- Zinc in concentrate output for the nine months of 73 kt, expected to be at the upper end of full year guidance (90-95 kt)

- Silver granule output of 2,450 koz benefited from the release of work in progress, full year output now forecast to exceed FY 2015 guidance (2,250-2,500 koz) by around 10%

- Gold output of 28 koz for the nine months, supported by 25% higher output in Q3. On course to achieve full year guidance (34-38 koz)

Bozshakol and Aktogay pre-production activities

- Stripping and mining of clay ore and waste material at Bozshakol continued throughout Q3, opening access to sulphide ore ahead of the concentrator commissioning in Q1 2016

- Oxide ore output commenced at Aktogay in June, with 2,125 kt of ore at a grade of 0.37% placed on leach pads by 30 September. Acid irrigation of the leach pads commenced on 26 September

Chief executive Oleg Novachuk said: "Another solid quarter of production from our East Region operations and Bozymchak leaves us well positioned to meet our 2015 copper and by-product targets. At Bozshakol, the replacement of equipment damaged in the fire on 14 August 2015 is progressing well, with the concentrator on track for commissioning in Q1 2016. Acid irrigation of oxide ore at Aktogay began in late September and we expect the first copper cathode output from the project this year."

At 10:00am: (LON:KAZ) Kaz Minerals PLC share price was -6.4p at 113.2p

Lots of director buying here today ........

KAZ Minerals upgraded by Goldman Sachs

StockMarketWire.com

Goldman Sachs has upgraded its investment rating on copper miner KAZ Minerals (LON:KAZ) to neutral from sell following the recent share price decline, stating that the valuation now fairly reflects the concerns which predicated its sell rating.

The broker pointed out that the shares have fallen 48 per cent since it added the stock to its sell list on October 12, 2015.

"We also believe KAZ's announcement that it will reschedule US$300 mn of contractual payments to 2018 is a move in the right direction; it will result in less pressure on FCF (2016-17E) and paves the way for further restructuring," analysts added.

The broker left its price target unchanged at 110 pence per share.

Separately, Deutsche Bank repeated its upbeat buy recommendation and 240 pence target.

Commenting on payment deferral agreement in respect of the Aktogay project, the Deutsche Bank said: "The US$300m deferral will provide some much needed breathing space. Importantly, it is a clear indication of China's desire/interest in getting the copper projects delivered."

http://www.moneyam.com/action/news/showArticle?id=5178190

KAZ Minerals on target

StockMarketWire.com

KAZ Minerals' copper and by-product guidance met or exceeded in 2015.

Full year copper cathode production totalled 81.1 kt - in line with guidance of 80-85 kt. The group reports strong underlying copper in concentrate production of 89.4 kt. Production from oxide ore at Aktogay began in December, contributed 0.4 kt cathode Other highlights:

By-product output in line or ahead of guidance:

- Zinc in concentrate (94.3 kt) and gold bar (34.6 koz) in line with guidance

- Silver output of 3,135 koz, 25% ahead of guidance, supported by high grades and release of work in progress

Major projects production update

- Over 10 million tonnes of ore mined at Bozshakol and Aktogay in 2015

- Aktogay oxide commenced production on 1 December 2015

- Bozshakol copper concentrate production imminent

Chief executive Oleg Novachuk said: "I am pleased to report that in 2015 the East Region and Bozymchak mines met or exceeded production guidance across all metals. We also achieved the first output of copper cathode from Aktogay oxide in December and copper concentrate from Bozshakol is expected shortly. We are now focused on the ramp up of Bozshakol which, together with Aktogay, will deliver the highest growth rate in the sector over the next three years."



At 8:26am: (LON:KAZ) Kaz Minerals PLC share price was +8.75p at 116.25p

The miners are starting to draw a certain amount of interest from brokers now. Not sure of we have reached the bottom of the commodity cycle yet, but ANTO, VED and KAZ all worth watching imo. There's no doubt the divi yield has been drastically cut, but at some point when the market starts to take an interest again, the sp's of most of the miners should recover quickly.

Your right HARRY a bit like the oilers ,the big ones will be ok .
Sold some this morning i bought lower down and still holding some i bought higher up waiting for more of a recovery.

Agree and the good thing is at these very low levels there should be a long climb back upwards, so plenty of opportunity to get in when we feel it's not a DCB.

One point of caution though as I have not been following Miners for a while, which ones have cut their divis "already"? as that action might cause their SP to dip.

In Harry's post Ved's the only one I have traded in the past, but not the other 2.

ANTO may be less volatile but it's certainly a much more solid company, and also of course majors in copper - keystone for the direction of other hard commodities

On this thread (below) I posted the graphs and yield for most of the mining companies a year ago. Might be worth having a look to see how they fare now. I suspect most of the yields are cut by at least 50%.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10245#lastread

attached is also interesting, comparing ANTO (blue), KAZ (red) and VED (green) over the last year
currently nothing to choose between them

Thanks both very interesting.

Peel Hunt today reaffirms its sell investment rating on Kaz Minerals PLC (LON:KAZ) and raised its price target to 95p (from 85p).

Take your pick ....
Funny how Peel raise their target as the price has moved up and these people get paid for this !

3 Feb Peel Hunt 95.00 Sell
29 Jan Deutsche Bank 197.00 Buy
29 Jan Credit Suisse 115.00 Neutral
18 Jan JP Morgan... 85.00 Neutral
15 Jan Nomura 90.00 Reduce
15 Jan Liberum Capital 155.00 Hold

What's up with this one today , up 15% !

i think ANTO was up much the same, and have now cashed in

Copper is not up much today so i was wondering if it was currency fluctuation but ANTO operate in a different part of the world to KAZ so i doubt it's that .