Central Asia Metals Targets 20,000-Ton Copper Output by 2014
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Central Asia Metals Plc, an unprofitable developer of copper projects in Kazakhstan and Mongolia, is targeting annual output of 20,000 tons by 2014 once production starts in the fourth quarter.
The company will report positive cash flow next year when copper cathode production from a waste dump at its Kounrad project in Kazakhstan reaches full capacity of 10,000 tons, Chief Executive Officer Nick Clarke said in an interview today in London. Copper cathode is a finished form of the metal.