Kazinc company faced a sharp decline in production volumes during the first quarter of this year, reports Todayinfo.
This information emerged from a selective review of the January-March production report of its main shareholder, the Anglo-Swiss raw materials group Glencore. Glencore holds approximately 70% of the shares in the Kazakh enterprise.
The state mining holding "Tau-Ken Samruk" owns the majority of the remaining share package. The production decrease was recorded across gold, copper, zinc, and other metals.
Zinc production from own sources amounted to 33,900 tons. This represents a decrease of 13,800 tons (29%) compared to the first quarter of the previous year.
The primary reason for the drop in production volumes was the limited availability of high-quality third-party concentrates for blending. This, in turn, restricted the pace of processing the company's own raw materials.
