KAZ Minerals has delayed the start of production at its $1.2 billion Aktogay copper expansion project in Kazakhstan to late 2021, citing the impacts to its supply chain of the Covid-19 pandemic.
The company has also cut its capital expenditure for the project this year to $300-350 million from $400 million previously forecast. KAZ Minerals had spent $663 million on the project by the end of 2019, with the revised balance of $187-237 million to now be incurred in 2021."Following a review of construction progress to date and the near-term impact of Covid-19 restrictions, the project...