Kazakhmys forecasts flat sales

FTSE 100-listed copper producer Kazakhmys forecast no output growth this year after shutting mines to save cash in 2009 and seeing fourth-quarter production slide by 25 per cent. The firm, which posted a 35 per cent rise in revenue to $3.2bn (£1.97bn) on rising commodity prices, said it will focus on managing costs and working on growth projects this year, as well as preparing for a possible Hong Kong listing.