On Tuesday, it was reported that Kazakhmys Plc (KAZ.L), Kazakhstan-based copper miner, has cut costs 20% since January. It is also reported that it might even end the year below its forecast cost.
The news release is quoted as saying:
In October, Kazakhmys — the biggest copper producer in Kazakhstan and one of the world’s 10 largest — posted a 13.5 percent fall in third-quarter production of copper cathodes from its own concentrate to 82,200 tonnes after it suspended operations at four high-cost mines.
