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Bullish case for Kaz Minerals

A head of steam is building around copper producer Kaz Minerals with the shares up 65% since the turn of the year and a buy note appearing from Macquarie’s London office this week with Alon Olsha, equities analyst, promoting a target of £2.00/share (US$2.83/share) against £1.68 recorded on March 15.

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The road to Bozshakol

Even banks such as Credit Suisse, which take a more cautious line and have flagged a possible funding gap of US$700 million during 2017/18, have upped their earnings estimates following last month’s