Aktogay expansion delayed by COVID-19 disruptions

KAZ Minerals warned that production from the expansion of its Aktogay copper mine in Kazakhstan will be delayed by disruptions resulting from the the coronavirus outbreak.
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Expansion work at KAZ Minerals' Aktogay copper mine

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The company's copper output forecast for 2020 remains unchanged, as all its mines have maintained normal operations during the year so far.

The expansion of Aktogay remains on track for completion, but production is now expected to begin in late 2021. 

Measures taken in Kazakhstan and internationally to limit the spread of the virus have negatively impacted the supply chain, reduced the availability of local contractors and prevented vendor representatives from entering the country to support equipment installations.

The company now expects capital expenditure in 2020 to be between US$300 million and US$350 million, lower than US$400 million forecast previously.