Month: July 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 11,480,156 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 446,898,877 ordinary shares (excluding treasury shares).

The above figure of 446,898,877 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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Q2 Production Report 2018

KAZ MINERALS GROUP Production Report for six months and THE second QUARTER Ended 30 June 2018

  • H1 2018 copper production1 increased 18% to 139.6 kt (H1 2017: 118.0 kt)
  • Aktogay sulphide concentrator achieves design throughput capacity
  • Operations on track to achieve 2018 production guidance for all metals
  • Bozshakol H1 copper production28 kt (H1 2017: 52.0 kt)
    • Average sulphide copper grade of 0.46% in Q2 (Q1 2018: 0.52%), in line with mine plan
    • Clay plant achieved 95% of design throughput capacity in Q2 (Q1 2018: 65%)
    • Strong H1 gold production2 of 62.3 koz (H1 2017: 62.9 koz)
  • Aktogay H1 copper production1 increases 83% to 60.5 kt (H1 2017: 33.0 kt)
    • Sulphide concentrator averaged 89% of design throughput capacity in Q2 compared to 66% in Q1, including a sustained period operating at 100% of design throughput capacity
    • Cathode production from oxide ore of 11.5 kt in H1 (H1 2017: 10.4 kt)
  • East Region and Bozymchak H1 copper production2 of 29.3 kt (H1 2017: 33.0 kt)
    • Planned idling of Nikolayevsky concentrator reduced processing volumes in H1
    • H1 gold2 (27.2 koz) and silver production2 (1,082 koz) represent good progress towards full year production targets
    • Zinc in concentrate production of 24.9 kt in H1 (H1 2017: 32.3 kt), due to concentrator idling and extraction from lower grade sections
Group production summary3 6m 2018 6m

2017

 Q2 2018 Q1 2018 Q2 2017
Copper production1 kt 139.6 118.0 72.3 67.3 65.9
Bozshakol kt 49.8 52.0 22.9 26.9 29.1
Aktogay kt 60.5 33.0 34.1 26.4 21.1
East Region & Bozymchak kt 29.3 33.0 15.3 14.0 15.7
Zinc in concentrate kt 24.9 32.3 10.7 14.2 16.8
Gold production2 koz 89.8 93.0 39.9 49.9 50.4
Silver production2 koz 1,637 1,756 785 852 961
  1. Payable metal in concentrate and copper cathode from Aktogay oxide ore.
  2. Payable metal in concentrate.
  3. See appendix for metal production by asset.

Andrew Southam, Chief Executive Officer, said: “In the first half of 2018 the Group delivered a strong operational performance, with the Aktogay sulphide concentrator achieving design throughput capacity for a sustained period. Higher throughput at Aktogay was the main driver of an 18% increase in copper production compared to the first half of 2017. The Group is on track to achieve its copper output target of 270-300 kt and by-product guidance in 2018.”

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