In 2012, Kazzinc increased its proceeds by 26% to $2.839 billion

In 2012, the Kazakh metallurgic company Kazzinc made proceeds in the amount of $2.839 billion that is by 26% more than in 2011, the Swiss trader Glencore, which controls Kazzinc, reports.

In 2012, the Kazzinc’s corrected EBITDA grew by 3% to $890 million, and capital costs decreased by 22% to $341 million.

As it was reported, in 2012 Kazzinc produced 301.3 thousand tons of zinc metal against to 300.8 thousand tons in 2011. Meanwhile, the gold production grew by 30.8% to 561 thousand of troy ounces, and the silver output doubled and made up 19.808 billion ounces.

 

http://newskaz.ru/economy/20130305/4845911.html

Translated by Svetlana Kyrzhaly

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