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%

well it is a miner after all ..... sorry for the gallows humour

Prepare for another massacre here in the next couple of days.

What a bright spark you are.

And what do you base your opinion on?

Thank you, you are as bright as me. I see KAZ at 200p.

Looks like merger talks did not materialise...wow



LONDON, Oct 17 (Reuters) - Kazakh mining firm Kazakhmys said on Friday it had halted negotiations about a possible merger, but gave no details.

In July, sources close to the discussions told Reuters that Russia's Metalloinvest was Kazakhmys' suitor and that a main driver for its interest in the Kazakh firm was as an alternative to its own plan to list its shares in London.

On Oct. 2, an official with Metalloinvest's holding company was quoted as saying the steel and iron ore firm had dropped plans for an initial public share offering this year due to market conditions.

'Discussions regarding a possible combination with a third party, first announced on 14 July 2008, have ended,' a Kazakhmys statement said.

Justyi, I think you are wrong with saying KAZ is going down. The failed merger has turned the fate of KAZ. It is on the rise now. BUY at 360p.

Kazakhmys PLC Production Report for the Third Quarter Ended 30 September 2008 & Interim Management Statement



Increase in cathode production from own material to 92 kt in Q3 2008 from 82 kt in Q2 2008

Assisted by continued improvement in equipment availability
Increase in Q3 brings production for first 9 months of 2008 to 249 kt, in line with the corresponding period of 2007
Maintain previous guidance of full year 2008 copper cathode production from own material being at the same level as 2007



Demand for copper products has remained firm throughout the year in spite of financial market turbulence

By-product and gold output has generally been positive in the first 9 months of 2008

Gold by-product output increased by 13% to 92 koz, benefiting from higher gold content at two new mines
In addition, our gold division increased output 17% to 42 koz
Zinc in concentrate output increased by 3% to 105 kt
Silver production decreased by 18% to 12 moz reflecting lower mined ore output in Zhezkazgan region



Kazakhmys Power increased power generated by 29% to 7,900 GWh of electricity during first 9 months of 2008

Reflecting increased demand for electricity in Kazakhstan and significant growth potential of the power plant

A review of activities is underway to take account of current market conditions

Marginal operations are being assessed for temporary closure during period of price weakness
Pre-feasibility studies for the major projects at Aktogay and Boschekul will continue as they require limited capital spend in the near term
Discretionary capital expenditure is likely to be reduced until more attractive pricing materialises



Oleg Novachuk, Chief Executive Officer, said 'This is a sound set of results, with production increasing over the year. We are therefore on track with our outlook given at the start of the year, in spite of the severe winter weather in the first quarter. Demand from our customers has so far this year been solid and we are positive about the long term outlook for copper in light of potential supply demand dynamics. However, we are clearly in a challenging and volatile environment and we are reviewing our operations and capital expenditure to reflect current market conditions. We are pleased with the performance of our power business, which increased power generated by 29% over the first 9 months of 2008.'

is this this LONG you hark on about hyleo.............its going down quicker than a polish prostitutes panties

great tip yhis long of yours hyleo, lol.......about only thing u tip and it plummets

miners are a terrifying sector at the moment .... if you want to be scared, have a look at how RIO has performed over the last weeks

Don't worry. I'm well and truly scared which is very clever of the market because when the opportunities come along I'm too frightened to take them.

Maybe I'm just getting too paranoid ..

rio up 55% in just over a week

where did you get that?????? ...... you're right! ...... sp was about 20.00 in mid october; rocketed to just over 30.00 a couple of days ago but is now back to about 25.00

as i said, dead scary

Can you believe these drops.

Kaz 13%, ENRC 20%, ANTO 15%, CFM 24%, IFL 36%, XTA 15%, VED (good results) 18%, SOLA 20%.

Tis like a war zone.

what on earth has SOLA got to do with miners????
you also forgot RIO which is down 15% today

u goy something with rio!!!!!

are u a brazilian boy, lol

polish ancestry like you!

Good question cynic.

No idea really. Just thought I'd throw SOLA in for good measure as it was also being hammered.

The miners need to come to the top here!

Just been re-weighted on the ftse index!

Any thoughts anybody?

KAZ is a very STRONG BUY at 320p. BUY, BUY BUY!!!