Kazakhmys to Sell German Copper Plant -Report-Shanghai Metals Market

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Kazakhmys to Sell German Copper Plant -Report

Industry News 08:48:53AM Jun 29, 2010 Source:SMM

HAMBURG June 28 (Reuters) - Kazakhstan-based metals group Kazakhmys PLC (KAZ.L) is in talks to sell its German copper products unit Mansfelder Kupfer und Messing (MKM), a German newspaper reported on Monday.
 

Talks are underway with several potential investors, MKM chief executive Friedrich Flemming told the daily Mittledeutsche Zeitung.

He did not name the interested companies but said they were industrial groups.

Kazakhmys had taken over MKM in 2004. The German company produces a range of copper products including copper strips, wire, tubes and bars.
 

Key Words:  copper Cu 

Price

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#1 Lead
Apr.22
16600.0
50.0
(0.30%)
T/C for domestic lead concentrate
Apr.01
1850.0
0.0
(0.00%)
T/C for imported lead concentrate
Apr.01
27.5
0.0
(0.00%)
#2 Lead
Apr.22
16525.0
25.0
(0.15%)
Secondary Lead
Apr.22
16125.0
25.0
(0.16%)

Kazakhmys to Sell German Copper Plant -Report

Industry News 08:48:53AM Jun 29, 2010 Source:SMM

HAMBURG June 28 (Reuters) - Kazakhstan-based metals group Kazakhmys PLC (KAZ.L) is in talks to sell its German copper products unit Mansfelder Kupfer und Messing (MKM), a German newspaper reported on Monday.
 

Talks are underway with several potential investors, MKM chief executive Friedrich Flemming told the daily Mittledeutsche Zeitung.

He did not name the interested companies but said they were industrial groups.

Kazakhmys had taken over MKM in 2004. The German company produces a range of copper products including copper strips, wire, tubes and bars.
 

Key Words:  copper Cu