Frontier Mining Targets $1 Billion Market Value on Kazakh Copper
This article is for subscribers only.
Frontier Mining Ltd. is targeting an eight-fold increase in its market capitalization to $1 billion by 2014 after the U.K. explorer starts copper production in Kazakhstan later this year.
Frontier is seeking to become the second-biggest copper producer in Kazakhstan after Kazakhmys Plc, Chief Executive Officer Erlan Sagadiev said yesterday in an interview in London. Production is slated to begin by June and reach as much as 5,000 metric tons of copper this year before ramping up to 20,000 tons in 2014, he said.