KAZ Minerals Plc  

Description

Established in 1930 in Kazakhstan, KAZ Minerals Plc is a high-growth copper miner listed on London Stock Exchange. After the independence of Kazakhstan, the company was privatised and renamed as KAZ Minerals. The company is one of the largest copper miners in Kazakhstan with over 15,000 employees, and is focused on big scale, and low-cost open pit mining in the CIS region, and completed greenfield mining projects.

The company operates open pit copper mines in the Pavlodar and East Region of Kazakhstan, which is known as Bozshakol and Aktogay, and three underground mines, associated with two concentrators in Kazakhstan and a copper-gold mine in Kyrgyzstan. The company is acquired by Nova Resources BV in April 2021 and delisted from the LSE. It got listed on Kazakhstan Stock Exchange in May 2021.

The company’s main objective is to conduct its business with defined principals, which are based on professional development, long-term efficiency, teamwork, safety, and integrity. With these values, the company believes it can build a strong internal culture and is focused on improving relationships with its external stakeholders and deliver value to its shareholders besides its basic function of copper production along with zinc, silver, and gold.

The company’s three undermines are Orlovsky, Irtyshsky, and Artemyevsky, and the company is developing two major projects, Aktogay and Bozshakol. The third one, Koksay, is in the scoping stage.