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Kaz maintains guidance but cuts capex

KAZ Minerals has maintained its production guidance for 2020 but has pared back capex and delayed its Aktogay expansion project in Kazakhstan due to COVID-19 restrictions.

Rebecca Meeson-Frizelle
Despite production delayed to the end of 2021, Aktogay remains on track for completion in the same year.

Despite production delayed to the end of 2021, Aktogay remains on track for completion in the same year.

The London-listed copper producer said it had lowered its capex figure for 2020 from US$400 million to $300-350 million following a total spend of $663 million on its Aktogay project in the previous year....

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