Turbine being repaired in the turbine hall at Ekibastuz Power Station

Facts & figures

KAZ Minerals is a high growth copper company focused on large scale, low cost open pit mining in Kazakhstan. The Group is listed in London, Kazakhstan and Hong Kong.


  • KAZ Minerals is a leading natural resources company listed in London, Kazakhstan and Hong Kong.

  • Our principal operations are in Kazakhstan and Kyrgyzstan.

  • We are developing and ramping up our major growth projects at Bozshakol and Aktogay and continuing studies at Koksay

  • Our core business is mining and selling copper

  • Our producing assets contain significant volumes of other metals as by-products, including zinc, silver, gold and molybdenum.

  • In 2015, Group revenues were $665 million. We produced 81 kt of copper cathode, 94 kt of zinc in concentrate, 3,135 koz of silver granule and 35 koz of gold bar.

  • In August 2014 the Group’s independent shareholders approved a major restructuring which resulted in the disposal of a number of our producing assets.

  • In 2016, total copper cathode equivalent output was 140 kt with by-products of 75 kt of zinc in concentrate, 120 koz of gold bar equivalent and 3,103 koz of silver bar equivalent.

  • As at 1 January 2017 the market value of KAZ Minerals PLC was £1.6 billion ($2.0 billion).


In 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.

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Corporate strategy

  • To deliver and ramp up the major growth projects.

  • To optimise existing mines and improve efficiency in all our operations.

  • To deliver long term growth as a copper focused mining company, principally in Central Asia. We will continue to seek and acquire attractive undeveloped natural resource assets

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Corporate responsibility

We are committed to improving our health and safety performance and our goal is zero fatalities. We are trying to achieve this by:

  • investing in health and safety

  • establishing new safety standards and seeking to improve the management of health and safety across all levels of our organisation

  • trialling new pay and incentive structures to encourage safe behaviours

  • reviewing and addressing long term occupational health risks

KAZ Minerals PLC supports society and communities around our operations by investing in:

  • infrastructure, including building roads and local facilities for communities near mines

  • healthcare, including provision of equipment to hospitals and healthcare facilities

  • education and sport, including constructing and maintaining schools, kindergartens and sporting facilities as well as sponsoring gifted sportsmen in a number of disciplines

  • cultural initiatives through sponsorships and charitable donations.

We seek to minimise the impact of our operations on the environment. Our main areas of focus include:

  • participation in the Kazakhstan emissions trading scheme

  • energy efficiency programmes 

  • waste and water management programmes, including management of our tailings facilities

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Executive Directors

  • Oleg Novachuk, Chief Executive Officer

  • Andrew Southam, Chief Financial Officer

Non-Executive Directors

  • Simon Heale, Chairman

  • Vladimir Kim

  • John MacKenzie

  • Charles Watson

  • Michael Lynch-Bell

  • Lynda Armstrong OBE

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Company overview

We are one of the world's leading natural resources groups, listed in the UK, Hong Kong and KASE and based in Kazakhstan

Read more about our business today

Our Board

Our Board of Directors brings together expert individuals from across a number of different industries

Meet our Board