Month: June 2018

Total Voting Rights

In conformity with 5.6.1R of the Disclosure Guidance and Transparency Rules (“the Rules”), the Company hereby notifies the market of the following:

At the date of this announcement, the total issued share capital of the Company comprises 458,379,033 ordinary shares.

The Company currently holds 11,480,935 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 446,898,098 ordinary shares (excluding treasury shares).

The above figure of 446,898,098 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.

For further information please contact:

Susanna Freeman
Company Secretary
Tel: + 44 (0)20 7901 7826

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Holding(s) in Company

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities or Connected Persons

Koksay Project Investment by NFC

KAZ Minerals PLC (“KAZ Minerals” or the “Group”) announces an agreement to invest $70 million into the Group’s Koksay project by China Nonferrous Metal Industry’s Foreign Engineering and Construction Company Ltd (“Non Ferrous China” or “NFC”). Following the $70 million investment, which is subject to certain conditions precedent including regulatory approvals in Kazakhstan and China, NFC will hold a 19.4% stake in the Koksay project.

Koksay is a potential open pit copper mine development project in Kazakhstan, located around 230 kilometres from Almaty. The deposit has a mineral resource1 of 736 Mt at an average copper grade of 0.42%, with contained copper of 3.1 Mt.

The $70 million to be invested into the project entity by NFC will be ring-fenced for the development of Koksay, including a feasibility study which will determine the detailed design for mining and processing operations and the associated capital budget. The Board will review the results of the feasibility study to assess how and when to proceed with the project.

Oleg Novachuk, Chair, said: “We are pleased to welcome NFC as a partner in the Koksay project. We worked successfully with NFC in the construction of Bozshakol and Aktogay and we are looking forward to developing our relationship further as we assess this opportunity in Kazakhstan.”

1 Measured, indicated and inferred resources at 31 December 2017.

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