Kazakhmys on track for target

COPPER miner Kazakhmys yesterday said it was on target to reach its full-year output target of between 285,000 tonnes and 295,000 tonnes of the base metal.

Over the three months to September, it posted a 12 per cent increase in copper cathode output.

Total copper sales over the nine months to September were 17,000 tonnes below the same period in 2011, due to a 13,000 tonne decrease in cathode production and a build up in goods awaiting customer delivery, the miner said.