Kazakhstan's major zinc producer faces output decrease due to maintenance

Business Materials 31 July 2020 12:53 (UTC +04:00)
Kazakhstan's major zinc producer faces output decrease due to maintenance

BAKU, Azerbaijan, Jul. 31

By Nargiz Sadikhova - Trend:

Own sourced zinc production of Kazakhstan’s Kazzinc company was 84,900 tons in 1H2020 which was 4,100 tons (5 percent) lower than in 1H2019, mainly reflecting operating changes at the Tishinsky mine, Trend reports with reference to the operational results report for 1H2020 of Kazzinc’s parent company Glencore.

The report said that company’s zinc production was 41,600 tons is 2Q2020, which compared to 48,700 tons in 2Q2019 indicates a 15 percent decrease.

In turn, own sourced lead production of the company was 12,300 tons which is 9,700 tons (36 percent) lower than in 1H2019 (19,200 tons), reflecting maintenance on the lead smelter and reduced mining activities at the Zhairem mine.

Lead production stood at 6,800 tons in 2Q2020, down by 40 percent compared to 11,300 tons in 2Q2019.

Own sourced copper production of 17,500 tons was 1,700 tons (9 percent) lower than in 1H2019 (19,200 tons). Some 8,800 tons of copper were produced by the company in 2Q2020, which is 9 percent more year-on-year compared to 8,100 tons in 2Q2019.

Own sourced gold production of the Kazzinc was 294,000 ounces, which is 5 percent down compared to 311,000 ounces in 1H2019. Gold production stood at 144,000 ounces in 2Q2020 which is 11 percent lower than 161,000 ounces in 2Q2019.

Both copper and gold production were down due to maintenance, resulting in lower ore milled from the Ridder-Sokolny mine.

Silver production amounted to 1.7 million ounces in 1H2020 and to 936,000 ounces in 2Q2020, which is 10 and 8 percent lower year-on-year respectively (1.9 million ounces and 1.01 million ounces during the corresponding period of last year).

Glencore is one of the world’s largest globally diversified natural resource companies.

Glencore has a majority interest in Kazzinc, a major zinc producer in Kazakhstan which produced 201.2 kilotons of zinc metal in 2018, as well as lead, copper, silver and gold.


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