August 17, 2017 / 6:34 AM / 2 years ago

Kazakhstan miner Kaz Minerals narrows copper output guidance

LONDON, Aug 17 (Reuters) - Kaz Minerals, a copper firm focused on mining in Kazakhstan, narrowed its full-year output guidance on Thursday to 235,000-260,000 tonnes from 225,000-260,000 tonnes, after first half output more than doubled to 118,000 tonnes.

First-half operating profit was $291 million, compared with $68 million in the same period a year ago.

The firm, which focuses on large-scale, low-cost open pit mines, said it would not declare an interim dividend as it had invested heavily in new output and wanted to cut debt. But the company said it intended to resume dividend payments in future. (Reporting by Barbara Lewis; Editing by Edmund Blair)

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