OREANDA-NEWS. Kazakhmys PLC production report for the first quarter ended 31 March 2013 and interim management statement.

• Copper cathode output of 73 kt

- On track to meet annual production target of between 285 kt and 295 kt

- Production assisted by uninterrupted ore output and processing

- Extraction of ore increased by 3% and 17% compared to Q4 2012 and Q1 2012, respectively

• By-product output on track to meet annual production targets

- Silver output of 3,361 koz, benefited from higher than anticipated grade and a release of work in progress

- Gold production of 24 koz and zinc in concentrate production of 32 kt

• Kazakhmys Power

- Net power generation by Ekibastuz GRES-1 of 3,681 GWh, down 7% compared to Q1 2012

- Reflecting lower domestic demand impacted by warmer weather

- Average realised tariff rose to 6.54 KZT/kWh in Q1 2013

• Interim Management Statement highlights

- 75.6 kt of cathode equivalent sales assisted by higher production

- Net debt in continuing operations of USD 956 million as at 31 March 2013 - Reflecting continued investment in major growth projects

Oleg Novachuk, Chief Executive Officer, said: "We have enjoyed a positive start to the year benefitting from relatively mild weather and good demand for our major products. We are on track to meet our annual production targets and we continue to invest in our growth projects. Work has started on site at Aktogay, our second major project which was approved in December 2012. I look forward to providing further updates as we progress through the year.”