2000-02-07 Kazak Corporate News - JSC Aluminium
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JSC Aluminium
The JSC Aluminium of Kazakhstan turned out 1.152 million tonnes of alumina at its Pavlodar facility in 1999, a 6.7% increase over 1998. Bauxite production at Aluminum of Kazakhstan’s Turgay and Krasnooktyabrsk ore mines reached an annual output of 3.6 million tonnes, up 4.9% over 1998.
Investments in fixed capital by the company last year were KZT 1.493 billion, twice that of 1998. Funds allocated to upgrade the technical condition of the mining equipment totalled KZT 734 million.
According to the press service, Aluminium of Kazakhstan paid KZT 4.3 billion in taxes last year. The company directly employs about 10,000 people.
Aluminium of Kazakhstan sold most of its output to aluminium smelters in Siberia last year. The company earned about KZT 18.3 billion, or USD 154 million. (Golden Eagle Partners)