Site visit
”‹QuotedData’s analyst, Paul Burton, shares his impressions from his site visit to Central Asia Metals (CAML)’s Kazakh operations. In late April, QuotedData’s analyst visited the plant site with a group of London-based analysts. The group witnessed the first copper (in solution) being leached from the new Western dumps at Kounrad. The commencement of production here reduces the perceived risk in the expansion project. Overall, we were very impressed with the efficiency of the operations. The focus of extraction is transitioning to the Western dumps and the visit suggested that CAML will be able to continue to produce low-cost copper from Kounrad.
Central Asia Metals is a holding company. Through its subsidiaries, Co. is engaged in the processing and subsequent production of copper cathodes, from secondary mining techniques; and the identification, acquisition and development of base and precious metals deposits primarily in the Central Asia region but also worldwide. Co. has two business segments consisting of an SX-EW copper plant at Kounrad in Kazakhstan and the Copper Bay project in Chile. As of Dec 31 2016, Co. owned 100.0% of the SX-EW copper project, and had a 75.0% equity interest in Copper Bay Limited, which is a private company that has conducted a feasibility study at its copper project in Chanaral Bay, Chile.
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