REG - Central Asia Metals - Q3 2014 Production Update <Origin Href="QuoteRef">CAML.L</Origin>

Central Asia MetalsAnnouncement

29/10/2014 07:52

RNS Number : 3386T
Central Asia Metals PLC
03 October 2014
3 October 2014
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Q3 2014 Production Update 
Central Asia Metals plc (AIM: CAML), a copper producing company focused on base metals in Central Asia, today announces its quarterly production update for the Kounrad SX-EW copper recovery plant in Kazakhstan.
Summary:
 Q3 2014 record copper production - 3,337 tonnes (12.7% increase yoy)
 2014 copper production to 30 September - 8,432 tonnes (7.8% increase yoy)
 Boiler house expansion commissioned
 On track to meet 2014 FY target of 11,000 tonnes
Kounrad Q3 2014 production of 3,337 tonnes (Q3 2013: 2,962 tonnes) of copper cathode is the highest quarterly output achieved since the start of operations in May 2012. Following the record Q3 production, the total 2014 output to date stands at 8,432 tonnes.
An additional 5.6MW of boiler capacity was commissioned by the end of September to facilitate increased production throughout the winter months. An area of 27 hectares on dumps 6 and 7is also being covered with HDPE sheeting for winter leaching operations.
Kounrad production remains in line with the Company's 2014 full year production target of 11,000 tonnes.
For further information contact:
Central Asia Metals plc
Tel:+44 (0) 20 7898 9001
Nick Clarke, CEO
Nigel Robinson, CFO
Peel Hunt LLP (Nominated Adviser & Joint Broker)
Tel: +44 (0)20 7418 8900
Matthew Armitt
Ross Allister
Mirabaud Securities LLP (Joint Broker)
Tel: +44 (0)20 7878 3362
Peter Krens
Bell Pottinger
Tel: +44 (0)20 3772 2500
Mark Antelme
Lorna Cobbett
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper facility in Kazakhstan. The Company also has a 50% equity interest in Copper Bay Ltd, which is a private company conducting a pre-feasibility study of the Chaaral Bay Copper Project in Chile. At the 2014 UK Stock Market Awards, the Company was named Best Basic Resources Plc. For further information, please visit www.centralasiametals.com. 

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCLLFLEIALFIIS