Central Asia Metals Targets 20,000-Ton Copper Output by 2014
Monday 18 July 2011
(Bloomberg) – Central Asia Metals Plc, an unprofitable developer of copper projects in Kazakhstan and Mongolia, is targeting annual output of 20,000 tons by 2014 once production starts in the fourth quarter.
The company will report positive cash flow next year when copper cathode production from a waste dump at its Kounrad project in Kazakhstan reaches full capacity of 10,000 tons, Chief Executive Officer Nick Clarke said in an interview today in London. Copper cathode is a finished form of the metal
Central Asia Metals Plc is an AIM-listed UK company based in London. Its main countries of operation are Kazakhstan and Mongolia. CAML is a precious and base metals mining, exploration and development company with majority stakes in copper, gold and molybdenum projects throughout Central Asia.
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