Delivering growth and value
Our copper production is growing as we ramp up our new mines at Bozshakol and Aktogay. We aim to deliver value, not volume, and these new assets are competitively positioned on the global cost curve. In October 2014 we completed a major restructuring of the Group which enabled us to focus on low cost, open pit copper mining. Our goal is to achieve 80% of ore output from the new open pit mines, producing approximately 300 kt of copper in concentrate in 2018. This represents a compound annual growth in production of 55% between 2015 and 2018, amongst the highest in the industry.
Respecting our people and communities
KAZ Minerals is one of Kazakhstan's highest profile and fastest growing companies. With this economic strength comes a corporate responsibility to protect and respect our employees, their families and the local environment. We are committed to our people and the communities and environments in which we operate.
Focused on Copper
The demand for copper is growing. Copper is one of the key metals required for modern economic development, found in every new apartment or office block, vehicle and electrical appliance. It is one of the best heat and electricity conductors, it is resistant to corrosion and it is present in various alloys. Over the medium term supply remains constrained, and the outlook for copper is positive.
The history of our business
KAZ Minerals had a market capitalisation of £3.5 billion ($4.4 billion) as at 30 September 2017. The Company originally listed in London as Kazakhmys PLC in October 2005. The Group undertook a number of divestments and completed a major restructuring in 2014 which have transformed it into a high growth copper company focused on large scale, low cost open pit mining in Kazakhstan. Following completion of the restructuring on 31 October 2014 the Company was renamed KAZ Minerals PLC.