KAZ Minerals PLC Notice of Results (6490W)
02 August 2018 - 9:00PM
UK Regulatory
TIDMKAZ
RNS Number : 6490W
KAZ Minerals PLC
02 August 2018
2 August 2018
NOTICE OF HALF-YEARLY RESULTS
FOR THE PERIOD ENDED 30 JUNE 2018
KAZ Minerals PLC will announce its half-yearly results for the
six months ended 30 June 2018 on Thursday 16 August 2018 at 7.00am
(UK time).
A presentation for analysts will be held in the Theatre &
Theatre Gallery at the London Stock Exchange, 10 Paternoster
Square, London EC4M 7LS on Thursday 16 August 2018 at 9.00am (UK
time).
The presentation for analysts can also be accessed by conference
call on Thursday 16 August 2018 at 9.00am (UK time). The dial-in
details are as follows:
Telephone: +44 (0) 20 3003 2666
Please quote the password: KAZ Minerals
A webcast of the presentation for analysts will also be
available on the KAZ Minerals website (www.kazminerals.com).
For further information please contact:
KAZ Minerals PLC
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Chris Bucknall Investor Relations, London Tel: +44 20 7901 7882
Anna Mallere Investor Relations, London Tel: +44 20 7901 7814
Maksut Zhapabayev Corporate Communications, Almaty Tel: +7 727 244 0353
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Brunswick Group
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Carole Cable, Charlie Pretzlik Tel: +44 20 7404 5959
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REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL,
United Kingdom.
NOTES TO EDITORS
KAZ Minerals is a high growth company focused on large scale,
low cost, open pit copper mining. It operates the Bozshakol and
Aktogay open pit copper mines in the Pavlodar and East Region of
Kazakhstan, three underground mines and associated concentrators in
the East Region of Kazakhstan and the Bozymchak copper-gold mine in
Kyrgyzstan. In 2017, total copper production was 259 kt with
by-products of 58 kt of zinc in concentrate, 179 koz of gold and
3,506 koz of silver.
The Group's new operations at Bozshakol and Aktogay have
delivered one of the highest growth rates in the industry and
transformed KAZ Minerals into a company dominated by world class,
open pit copper mines.
Bozshakol is a first quartile asset on the global cost curve
with an annual ore processing capacity of 30 million tonnes and a
remaining mine life of 39 years at an average copper grade of
0.35%. The mine and processing facilities will produce an average
of 100 kt of copper cathode equivalent and 120 koz of gold in
concentrate per year over the first 10 years of operations.
Aktogay is a large scale, open pit mine similar to Bozshakol,
with a remaining mine life of 28 years at an average copper grade
of 0.36% (oxide) and 0.33% (sulphide). Aktogay commenced production
of copper cathode from oxide ore in December 2015 and copper in
concentrate from sulphide ore in February 2017. The operating
sulphide concentrator has an annual ore processing capacity of 25
million tonnes and the sulphide processing capacity will be doubled
to 50 million tonnes with the addition of a second concentrator by
the end of 2021. Aktogay is competitively positioned on the global
cost curve and will produce an average of 90 kt of copper per year
from sulphide ore until 2021, increasing to 170 kt per year from
2022 to 2027, after the second concentrator commences operations.
Copper production from oxide ore will be in the region of 20 kt per
annum until 2025.
In August 2018 the Group agreed to acquire the Baimskaya copper
project in the Chukotka region of Russia, subject to regulatory
approvals that remain outstanding. Development of the Peschanka
deposit within the Baimskaya licence area is expected to deliver
250 kt of annual copper production and 400 koz of gold in the first
ten years of operation, with a mine life of approximately 25
years.
KAZ Minerals is listed on the London Stock Exchange and the
Kazakhstan Stock Exchange and employs around 13,000 people,
principally in Kazakhstan. The Group delisted from its secondary
listing on the Hong Kong Stock Exchange on 1 August 2018.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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