Who we are
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.
Delivering growth and value
We plan to increase our copper production significantly with the commencement of our Major Growth Projects – Bozshakol, Aktogay and Koksay. At every step, we aim to deliver value, not volume. In October 2014 we completed a major restructuring of the Group which enabled us to focus on the delivery of our Major Growth Projects. Our goal is to achieve 80% of ore output from large scale, low cost open pit mines producing approximately 300 kt of copper in concentrate by 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 of modern economic development, found in nearly 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 $1.0 billion as at 1 March 2016. The company originally listed in London as Kazakhmys PLC in October 2005. The company 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 a restructuring on 31 October 2014 the company was renamed KAZ Minerals PLC.