To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Languages
Recent
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

From Wikipedia, the free encyclopedia

KAZ Minerals plc
Company typeSubsidiary
LSEKAZ
 FTSE 250 Component
IndustryMining
Founded2014
HeadquartersLondon, UK
Key people
Oleg Novachuk, Chair
Andrew Southam, CEO
ProductsCopper, zinc, silver, gold
RevenueIncrease $2,355 million (2020)[1]
Increase $1,005 million (2020)[1]
Increase $639 million (2020)[1]
Websitewww.kazminerals.com

KAZ Minerals plc is a British copper company focused on large scale, low cost open pit mining in Kazakhstan. The company operates 3 underground mines and 2 concentrators in the East Region, one open pit mine at Bozymchak, Kyrgyzstan and is developing two major growth projects Aktogay and Bozshakol, with the third - Koksay - at scoping stage. KAZ Minerals was created after the completion of the Restructuring of Kazakhmys PLC. The company was listed on the London Stock Exchange and Kazakhstan Stock Exchange until it was acquired by Nova Resources in April 2021.

YouTube Encyclopedic

  • 1/1
    Views:
    705
  • Stock picks: Kaz Minerals, Costain, Robert Walters & Defenx | IG

Transcription

History

In 1930 Kazakhmys' operations began at the Balkhash copper smelting complex in Kazakhstan. In 1971 smelting operations commenced at the Zhezkazgan Complex. The Government of Kazakhstan forms the company, entitled OJSC Zhezgazgantsvetmet in 1992. From 1992 to 2002, a series of privatisations reduce the Government's holding from 100% to 0%. Samsung Corporation of Korea took over management of the company in June 1995. In 1996, Samsung acquired a 40% stake but subsequently sold it.[2]

Kazakhmys was listed on the London Stock Exchange in October 2005 at 540 pence per share, joining the broad range of international mining companies listed in London.[3] In January 2010 Kazakhmys announced the first of two facilities, totalling $4.2 billion, from the China Development Bank Corporation, to support growth projects.[4] In February 2010 the company completed the sale of a 50% stake in its Ekibastuz GRES-1 power plant to the National Welfare Fund Samruk-Kazyna JSC for $681 million. This was originally set out at the time of purchase in May 2008.[5]

On 11 November 2013 the company announced the sale of its stake in ENRC. Following the transaction, which included the offer of certain Kazakhmys shares to ENRC shareholders, Kazakhmys becomes a majority free float company for the first time.[6] On 7 January 2014 the Group approved the disposal of its 50% stake in the Ekibastuz GRES-1 power station, to become a focused, pure-play copper mining company.[7] On 15 August 2014 the independent shareholders voted to approve the Group Restructuring. Kazakhmys PLC disposed of a number of mature assets primarily in the Zhezkazgan and Central Regions to Cuprum Holding, a company whose principal shareholder is Vladimir Kim. On completion Kazakhmys PLC was renamed KAZ Minerals PLC.[8]

Following the completion of a major restructuring on 31 October 2014 which included the disposal of mining, smelting and power assets in the Zhezkazgan and Central Regions, the Group became a high growth copper company focused on large scale, low cost open pit mining in Kazakhstan. The company was renamed 'KAZ Minerals PLC'.[9][10] On 23 July 2014 the Group announced that it had entered into a definitive agreement to transfer certain of its mature assets in the Zhezkazgan and Central Regions of Kazakhstan to Cuprum Holding B.V.[9] On 15 August 2014 shareholders approved a major restructuring of the Group. All outstanding conditions to the restructuring were satisfied on 31 October 2014 with economic separation effective from 1 August 2014.[11]

In October 2020, Nova Resources, a consortium of businesses led by Oleg Novachuk, made an offer to take Kaz Minerals private in a transaction which valued the company at £3 billion.[12][13]

Operations

KAZ Minerals is focused on copper production but also produces and sells significant quantities of zinc, silver and gold as by-products.[14]

The Group operates the following assets:

  • East Region
    • Three underground mines
      • Orlovsky mine
      • Irtyshsky mine
      • Artemyevsky mine
    • 2 concentrators
      • Orlovsky concentrator
      • Nikolayevsky concentrator
  • Kyrgyzstan
  • Growth projects

The group is developing two growth projects - Aktogay and Bozshakol projects, with third - Koksay - at the scoping stage. Bozshakol is the Group's major growth project; it is located in Pavlodar region, Kazakhstan. Aktogay is the Group's second largest project, located in eastern Kazakhstan. Koksay is located in south eastern Kazakhstan around 234 kilometres from Almaty and is close to existing infrastructure.[15]

KAZ Minerals through its subsidiary GDK Baimskaya has developed an open pit copper (and gold) mining project in the North-East of Russia, Bilibinskiy district, Chukotka. The infrastructure that comes with it includes a more than 400km road to a new port at Cape Nagleynyn. The power is projected to come from floating atomic power plants at the port which could be moved and reused elsewhere after the expected end of the mine life after more than 20 years.[16]

See also

References

  1. ^ a b c "Annual Results 2020" (PDF). KAZ Minerals. Retrieved 2 March 2020.
  2. ^ OECD Global Forum on International Investment Foreign Direct Investment. OECD. 14 August 2002. p. 94. ISBN 9789264199026. Retrieved 22 April 2017.
  3. ^ "Kazakhmys prices London IPO toward upper end". Market Watch. 7 October 2005. Retrieved 22 March 2015.
  4. ^ "Kazakhstan's leading copper producer posts half-year results". The Times of Central Asia. 5 September 2013. Archived from the original on 2 April 2015. Retrieved 22 March 2015.
  5. ^ "Kazakhmys To Sell 50% Of Ekibastuz Gres -1 Plant For $681 Million". ADVFN. 9 December 2013. Retrieved 22 March 2015.
  6. ^ "Kazakhmys sells ENRC stake". The Telegraph. 4 October 2013. Retrieved 22 March 2015.
  7. ^ "Proposed sale of remaining 50 per cent. of the issued share capital of Ekibastuz LLP and 100 per cent. of the issued share capital of Kazhydro to Samruk-Energo". Kazakhmys. 9 December 2013. Archived from the original on 2 April 2015. Retrieved 22 March 2015.
  8. ^ "Kazakhmys announces completion of restructuring". London Stock Exchange. Archived from the original on 14 December 2014. Retrieved 12 December 2014.
  9. ^ a b "Kazakhmys Completes Restructuring, Changes Name to KAZ Minerals". Bloomberg. Retrieved 12 December 2014.
  10. ^ "Copper miner Kazakhmys restructuring over, now called Kaz Minerals". Reuters. 31 October 2014. Archived from the original on 27 April 2016. Retrieved 12 December 2014.
  11. ^ "Kazakhmys is now KAZ Minerals as miner splits - fastFT: Market-moving news and views, 24 hours a day". FT.com. Archived from the original on 15 December 2014. Retrieved 12 December 2014.
  12. ^ "Nova Resources to take Kaz Minerals private in £3B deal". Mining Journal. 28 October 2020. Retrieved 11 April 2021.
  13. ^ "Nova Resources lifts offer for Kaz Minerals to 780p a share". Financial Times. 4 February 2021. Archived from the original on 11 April 2021. Retrieved 11 April 2021.
  14. ^ "Production Summary". KAZ Minerals. Archived from the original on 9 March 2021. Retrieved 2 March 2021.
  15. ^ "China's NFC invests US$70M on KAZ's Koksay". Mining Journal. 8 June 2018. Retrieved 2 March 2021.
  16. ^ "Baimskaya Copper Project". NS Energy. Retrieved 1 November 2023.

External links


This page was last edited on 24 January 2024, at 03:13
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.