BAKU, Azerbaijan, Oct. 30
By Nargiz Sadikhova - Trend:
Own sourced zinc production of Kazakhstan’s Kazzinc company amounted to 128,800 tons over 9M2020 which was modestly below the comparable 2019 period (134,000 tons), Trend reports citing the report of Glencore company which is a parent company to the Kazzinc.
Kazzinc’s zinc output over 3Q2020 was 43,900 tons, which also is 2 percent less than in 3Q2019 (45,000tons).
Company’s own sourced lead production of 18,000 tons over 9M2020 was 12,200 tons (40 percent) lower than the comparable 2019 period, reflecting maintenance on the lead smelter and mining from the Ushkatyn mine in the base period, which has now ceased. Lead production over 3Q2020 was 5,700 tons which is 30 percent lower than 3Q2019 (8,200 tons).
Own sourced copper production of 28,100 tons was 3,200 tons (10 percent) lower than comparable 2019 period due to lower grades at Maleevsky mine, and maintenance at the Ridder-Sokolny concentrator. Copper production over 3Q2020 amounted to 10,600 tons which also is 12 percent less than over 3Q2019.
Own sourced gold production of 469,000 ounces was in line with the comparable prior period, representing a strong quarter-on-quarter increase driven by higher milled grades and recoveries at Vasilkovsky.
Silver production amounted to 2.9 million ounces over 9M2020 and 1.2 million ounces over 3Q2020 which is 10 percent less year-on-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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