Central Asia Metals Sells First Copper From Kazakh Plant-Shanghai Metals Market

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Central Asia Metals Sells First Copper From Kazakh Plant

Industry News 03:19:33PM May 28, 2012 Source:SMM

LONDON, May 28, 2012 (Dow Jones) -- Central Asia Metals PLC (CAML.LN), Monday announced the first sale of copper cathodes from its SX-EW copper plant at Kounrad, Kazakhstan, noting that the plant's commissioning phase is progressing well and is on track to achieve its 2012 production target of 5,000 tons.

Central Asia Metals sold a total of 504 tons of copper to Traxys Europe S.A. on a spot contract.

"It is a significant milestone that we have sold the first batch of copper cathodes and started to generate revenues from the Kounrad SX-EW plant. The commissioning phase of the SX-EW plant is progressing well and we are on track to achieve our 2012 production target of 5,000 tons," Chief Executive Nick Clarke, said.

At 0710 GMT, shares were flat at 84.0 pence.

 

 

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Central Asia Metals Sells First Copper From Kazakh Plant

Industry News 03:19:33PM May 28, 2012 Source:SMM

LONDON, May 28, 2012 (Dow Jones) -- Central Asia Metals PLC (CAML.LN), Monday announced the first sale of copper cathodes from its SX-EW copper plant at Kounrad, Kazakhstan, noting that the plant's commissioning phase is progressing well and is on track to achieve its 2012 production target of 5,000 tons.

Central Asia Metals sold a total of 504 tons of copper to Traxys Europe S.A. on a spot contract.

"It is a significant milestone that we have sold the first batch of copper cathodes and started to generate revenues from the Kounrad SX-EW plant. The commissioning phase of the SX-EW plant is progressing well and we are on track to achieve our 2012 production target of 5,000 tons," Chief Executive Nick Clarke, said.

At 0710 GMT, shares were flat at 84.0 pence.