On 15 August 2014 shareholders of Kazakhmys PLC voted to approve a restructuring of the Group, details of which were set out in a Circular sent to shareholders in July 2014. All outstanding conditions to the restructuring were satisfied on 31 October 2014 with economic separation of the Disposal Assets effective from 1 August 2014.
Following completion of the restructuring the Group was renamed KAZ Minerals PLC.
The restructuring included the disposal of a number of mature assets. The Group retained mining and processing assets in the East Region, Bozymchak (the new mine and concentrator in Kyrgyzstan) and the three Major Growth Projects (Bozshakol, Aktogay and Koksay). As a result of the restructuring KAZ Minerals is now a smaller, focused group, with the potential for exceptional future growth as we develop our growth projects.