Central Asia Metals (LON:CAML) - First production on time

Thursday, May 03 2012 by

May 03rd 2012 - Edison Investment Research today published a report on Central Asia Metals (CAML.L, LSE:CAML, LON:CAML) entitled "First Production On Time". In summary, the report says:

It is remarkable when any mining company manages to complete construction under budget and with only slight delays, but Central Asia Metals (CAML) has done just that. Only 18 months from laying the first foundations, Kounrad has become fully operational and is now producing its first copper cathodes. Production commenced 29 April and and so far is 25t of copper cathode, with 300t expected in May and 2012 forecast production of 5,000t (50% of Kounrads’ nameplate capacity).




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