First sales of Copper Cathode from SX-EW plant (1878E)
28 Maggio 2012 - 8:01AM
UK Regulatory
TIDMCAML
RNS Number : 1878E
Central Asia Metals PLC
28 May 2012
28 May 2012
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
First sales of Copper Cathode from SX-EW plant in Kazakhstan
Central Asia Metals plc (AIM:CAML) is pleased to announce the
first sale of copper cathodes from its SX-EW copper plant at
Kounrad, Kazakhstan. A total of 504 tonnes of copper has been sold
to Traxys Europe S.A. on a spot contract. Operating from more than
20 global offices with over 250 employees, Traxys provides
marketing, financing and logistical solutions for producers of base
metals and concentrates, minor and alloying metals.
On 23 May 2012, the Board of Directors hosted a visit to the
Kounrad SX-EW copper plant for mining analysts and the Company's
professional advisers together with local government officials. The
purpose of the site visit was to highlight the significant progress
that has been made since completing construction and commencing the
commissioning phase of the SX-EW plant.
Nick Clarke, Chief Executive Officer commented:
"It is a significant milestone that we have sold the first batch
of copper cathodes and started to generate revenues from the
Kounrad SX-EW plant. The commissioning phase of the SX-EW plant is
progressing well and we are on track to achieve our 2012 production
target of 5,000 tonnes"
Enquiries:
Central Asia Metals plc Nick Clarke +44 (0) 20 7898 9001
Nigel Robinson
Canaccord Genuity Limited Andrew Chubb +44 (0)20 7253 8000 Rob Collins
Mirabaud Securities LLP Peter Krens +44 (0)20 7878 3362
Pelham Bell Pottinger Charles Vivian +44 (0)20 7861 3232
Lorna Spears
This information is provided by RNS
The company news service from the London Stock Exchange
END
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