KAZ Minerals plc Reports Production Report and Interim Management Statement for the First Quarter Ended March 31, 2017; Provides Capital Expenditure Guidance for 2017
As of date Net debt decreased to $2,550 million. Total copper sales were 50.5 kt, more than double the 24.1 kt sold in first quarter 2016. Zinc in concentrate sales from the East Region decreased by 15% (2.7 kt) in line with lower ore mined and processed at the East Region operations.
The project spend in 2017 for Aktogay is now expected to be less than $200 million, below the $265 million previously guided for the year. Capital expenditure guidance for Aktogay in 2018 remains unchanged at $370 million.