Kaz Minerals Share Discussion Threads

[smurfy2001] 14/2/2017 13:25

Impressed with how strong this is performing.

Catching upto VED in terms of market cap just shy of £400m.

[rampant_bull] 14/2/2017 13:24

Going for 600

[abryer] 14/2/2017 11:59

Same here, I shall continue to hold until 23rd. I think the financial report for the past 12 months will be insignificant to be honest, all eyes will be on the production guidance note especially how quickly the low cost Aktogay mine is ramped up.

[mrthomas] 14/2/2017 11:45

if it carries on like this will see were we are on the day before results to see if should sell or not or may just sell a little. I been under water over 60% on these shares but have made cash out of them over the years but if get to 7 i be well in the money.

[topazfrenzy] 14/2/2017 10:16

Miners could break their all time highs in a couple of years, on a huge new bull market run in commodities, this has much much further to go if this is the case.

[racg] 14/2/2017 08:29

Mmmm, even I m getting irrationally exuberant. I will not make another sale until we breach ot get close to £7, even though I really should. I really should.

[losses] 14/2/2017 06:34

Copper still on the move another 1%... 600+ before results looks pretty certain.

[mr woodentop] 14/2/2017 05:43

if it gets violent the government might have to step in and sort it out. Don't want that do we!

[maxdba85] 13/2/2017 18:55

Don't like violence as part of the strike
I was hoping for a simple mexican stand-off for a couple of months !

[b2l] 13/2/2017 16:45

closed near today`s high ... will run on tomorrow

[b2l] 13/2/2017 14:59

perfect news
good timing, convenient to the strikes :)

[abryer] 13/2/2017 14:53

KAZ Minerals PLC ("KAZ Minerals" or "the Group") announces that it has produced its first saleable copper concentrate from sulphide ore at the Aktogay project, consistent with the Group's most recent guidance for output to commence in the first quarter of 2017. Shipments of concentrate from Aktogay are expected to begin imminently.The Aktogay sulphide concentrator will now ramp up with the target of achieving commercial levels of output in the second half of 2017. Production guidance for Aktogay in 2017 will be issued along with the Group's full year results announcement on 23 February 2017.Oleg Novachuk, Chief Executive, said: "I am delighted to be able to announce the commencement of copper concentrate output from sulphide ore at Aktogay. Both of the Group's major growth projects are now fully operational. Our production continues to grow strongly and is on track to reach 300 kt of copper per annum by 2018, with around 80% coming from our new low cost, open pit mines."

[umitw] 13/2/2017 13:28

Thank you b2L

[firtashia] 13/2/2017 12:18

No danger of extended strike action in Kazakhstan.....google Zhanaozen.

[b2l] 13/2/2017 12:09

yes @Losses .. still plenty left
this is a big chance for KAZ rerating
2 mines down by strikes ... something about 9% of the worldwide production

and China yawing for copper ..... cheers

[losses] 13/2/2017 11:54

You already missed half the fun lol...Still plenty left in these... results on 23rd

[umitw] 13/2/2017 11:45

Is KAZ re rating?

[racg] 13/2/2017 11:24

Viva La Revolucion! La Luca continua!

Not that I m entirely disinterested.

Seriously, hope no one gets properly hurt as a result of the shenanigans.

[b2l] 13/2/2017 11:21

come on KAZ ... give us 800
---------------------------------


Strike at BHP Billiton's Escondida mine turns violent

A strike at BHP Billiton's Escondida coppermine in Chile has escalated.
Bloomberg
by James Thomson

A strike at BHP Billiton's escondida copper mine in Chile has turned ugly and police are investigating a fire at the mine that came just before 300 masked people stormed the site.

BHP confirmed on Monday that 14 people were injured. Four workers were taken to the nearby Antofagasta due to their injuries.

Patricio Vilaplana, vice president of corporate affairs at BHP's Minera Escondida division, said there are more than 1,500 contractors at the mine's copper-concentrators.

This work has been stopped by members of the police forensic laboratory.
Day of drama

This incident was followed by a day of drama at the site, where mining stopped last week when 2500 workers rejected a pay deal.

The Escondida Union No. 1 has established a makeshift camp at the mine, and ran several blocks on access roads and roads.

Later that day, BHP said more than 300 masked people headed from the union's temporary camp to the mine site, bursting into a camp where contractors are based and forcing them to leave.
Masked group

BHP alleges the masked group activated firearms, damaged property and stole goods. The company is a small group of cut-off cameras.

"We categorically reject these acts because they not only violate the values ​​of the company, but also violate the law and jeopardize the safety of our people," Mr Vilaplana said.

But the union has the denied the claims, with the president Patricio Tapia telling Bloomberg, that marched peacefully around the contractor workers' camp and left. He said they did not trigger alarms or break anything.

BHP has already declared force majeure on its contracts with the mine's customers.
Prices up

London copper prices rose on Monday to hit the highest in 20 months, at $ US6170 a ton.

Shanghai Futures Exchange copper surged 5.6 per cent to 50,190 yuan ($ 9515) a tonne.

In addition to the strike at Escondida, protests have also been disrupted in Peru, blocking roads used by MMG to transport copper concentrates from its Las Bambas mine.

Meanwhile, Freeport-McMoRan has been hit by an export ban. The company has not yet reached a new mining permit.

[racg] 13/2/2017 08:51

Market makers will be looking to free some stock from recent entries by dropping it drastically I reckon, only for it to bounce.

[losses] 13/2/2017 06:17

Copper up another 1.5%.. £6 coming up!!

[racg] 13/2/2017 04:49

Mmmmmm, we will see. But really, 7£ seems feasible.

[plastow] 12/2/2017 20:54

Still holding here from around 110 Like I said a few months ago there's no stopping this up to 7/quid add on weakness 10 quid this year could happen ... GL