Employees  in the East Region

THE KAZ MINERALS BUSINESS MODEL

Following the Restructuring, the Group's continuing operations produce copper concentrate which is processed into copper cathode under a tolling arrangement at the Balkhash smelter, now owned and operated by Cuprum Holding. The Group sells the copper cathode produced to its customers in China or Europe based on the LME price. Bozshakol, Aktogay and Koksay will sell copper concentrate to customers in west China, at LME price less applicable TC/RCs.

  • Explored the Bozshakol and Aktogay deposits
  • Acquired the Koksay deposit in 2014, which is currently being explored
  • Evaluating mine extension opportunities at East Region operations
  • Greenfield exploration drilling

Bozshakol

Bozshakol has commenced production and will be ramping up during 2016

Aktogay

Aktogay commenced production from oxide ore in December 2015 with sulphide commencing in 2017, bringing Group copper production to over 300 kt in 2018

Koksay

Koksay is the Group’s third major growth project, acquired in 2014 and currently at the scoping stage

Bozshakol and Aktogay

Ore will be processed by on-site concentrators

East Region

Three associated concentrators

Bozymchak

On-site concentrator

Aktogay oxide

No concentrate processing required – produces cathode

  • The major growth projects Bozshakol and Aktogay will sell copper concentrate to Chinese smelters
  • Zinc in concentrate from East Region is sold to CIS or China

Balkhash smelter carries out smelting of copper concentrate from East Region and Bozymchak on a tolling basis

Flexibility to sell to customers in China or Europe, dependent on available pricing.



KAZ Minerals has access to all of the necessary inputs for successful mining operations:

  • Natural resources
  • Power
  • Water
  • Transport
  • End markets
  • Licences
  • Labour
  • Finance

The rewards of mineral extraction are shared with our key partners and stakeholders:

  • Shareholders
  • Customers
  • Suppliers
  • Local communities
  • Government and people of the Republic of Kazakhstan
  • Employees
  • Lenders

HEALTH AND SAFETY

We are targeting zero fatalities at all our facilities.

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ENVIRONMENT

We strive to minimise environmental impacts of our operations.

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CORPORATE GOVERNANCE

We are fully compliant with the UK Corporate Governance Code and we have 58% free float ownership.

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PEOPLE AND COMMUNITIES

We provide fair and safe working conditions for our employees and consult the local communities.

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