KCM to increase production

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Laf1986

Messages: 3027

Inscription: Jeu 30 Juil 2009 19:54

Message Dim 9 Juin 2013 17:30

KCM to increase production

Konkola Copper Mine-KCM- has projected to increase copper production by 20 thousand metric tonnes under the current financial year ending March 2014.



KCM Chief Executive Officer Jeyakumar Janakaraj says his firm is focused on raising production after nearing the completion of key growth projects through its $2.7 billion investment.



He has explained that the company plans to systematically raise annual production by an average 20 percent at the flagship Konkola Deep Mine Project (KDMP) for the next 6-7 years, through the commissioning of the KDMP bottom shaft loading.



Mr. Janakaraj says finished copper production is forecast at 180,000 metric tones in the current Financial Year ending March 2014, up from 160,000 metric tones the previous financial year.



Meanwhile, Mr. Janakaraj saysKCM is keen to list on the Lusaka and London Stock Exchange one market conditions improve.



He says the priority now is to focus on the key issues of increasing production and reducing costs.



Mr. Janakaraj says the doubling of mineral royalty in 2012 hit KCM’s profitability by $40 million, which negatively impacted the company.



He says financial markets have been volatile and valuations of the company have not been right.



Mr. Janakaraj says KCM will not dilute shareholding for the sake of doing so unless it gets the right price.



This is contained in a statement released to ZNBC news by KCM Public Relations Manager Joy Sata.
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phili675

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Messages: 1734

Inscription: Mar 8 Sep 2009 08:03

Message Dim 9 Juin 2013 18:02

Re: KCM to increase production

IMPORTANT !!

"Meanwhile, Mr. Janakaraj saysKCM is keen to list on the Lusaka and London Stock Exchange one market conditions improve."

Fin 2010 cette perspective avait relancé la volatilité !!
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mbury

Messages: 899

Inscription: Sam 19 Sep 2009 09:49

Localisation: Nord de l'Alsace, dans le Parc Régional des Vosges du nord

Message Dim 9 Juin 2013 18:09

Re: KCM to increase production

Mais les conditions de marché ne sont pas au top, et de loin...
MB
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phili675

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Messages: 1734

Inscription: Mar 8 Sep 2009 08:03

Message Dim 9 Juin 2013 18:39

Re: KCM to increase production

C'est exact, les cours du cuivre ne sont pas au top , mais une valorisation de la participation de MLZAM au sein de KCM aux normes IFRS permettrait ou permettra...de voir les choses différémment
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Laf1986

Messages: 3027

Inscription: Jeu 30 Juil 2009 19:54

Message Dim 9 Juin 2013 18:47

Re: KCM to increase production

A mon avis et c est pas plus mal, KCM attendra des couts de production beaucoup plus avantageux et une meilleure production avant une mise en bourse.

Je parie sur 2 a 3 ans
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bingogo

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Administrateur du site

Messages: 4353

Inscription: Jeu 30 Juil 2009 16:48

Localisation: la seyne sur mer

Message Dim 9 Juin 2013 23:17

Re: KCM to increase production

phili675 a écrit:IMPORTANT !!

"Meanwhile, Mr. Janakaraj saysKCM is keen to list on the Lusaka and London Stock Exchange one market conditions improve."

Fin 2010 cette perspective avait relancé la volatilité !!



ca c'est plus que good :-))

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