The Almalyk Mining and Metallurgical Complex (AMMC) reported export revenues of $129.8 mn in 1Q24, surpassing its forecasted figures by 6.9%, despite a y/y decline in supplies exceeding 25%.
Throughout the quarter, AMMC successfully exported 11,300 tonnes of copper products, exceeding its expectations by 16.7%. Additionally, the company fulfilled its forecast by 3.8% through the supply of 7,100 tonnes of zinc products. AMMC also met its export plans for rhenium, cadmium, copper sulphate, palladium powder, molybdenum products, and lead concentrate.
AMMC continues to broaden its international presence, exporting to over 20 countries globally and progressively expanding its export geography. In 2023, the company ventured into new markets in the USA, Mexico, and Finland, introducing copper rods and copper sulphate to these regions.
The company also announced achievements in its operational sectors. By the end of January, the ore extraction task led by the Kalmakyr mine management was completed at 102%, with a growth rate of 127.3%. Furthermore, the processing of copper raw materials experienced an efficiency increase of 105.5%, with performance at the copper concentration plant-2 reaching 113.5%.
AMMC has met its production goals. The manufacture of copper cathode, a key product for AMMC, achieved the set target of 100%, indicating the company's capability to maintain consistent production levels. Goals for the production of copper and zinc from internal sources were also met, demonstrating AMMC's operational effectiveness.
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