Kazakh miner Kazakhmys has posted a 20 percent fall in first-quarter copper cathode production on Thursday.
Total copper cathode output for the FTSE-100 miner declined to 85,600 tonnes in the first three months of 2009 from 106,600 tonnes in the previous quarter.
"At the end of 2008 we stated that we would reduce output in 2009, by suspending production at some higher cost mines, and this is reflected in these results," said Chief Executive Oleg Novachuk.
It continues to anticipate copper cathode production this year of about 300,000 tonnes.
Source: Reuters
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