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Who we are

KAZ Minerals is the largest copper producer in Kazakhstan

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Group history

The Group was listed in London in 2005 and has over 80 years of history in Kazakhstan

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Our strategy and KPIs

KAZ Minerals seeks to become the leading natural resources company in Central Asia

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About us

OUR STRATEGY

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VISION 

To be a leading developer and operator of large scale, low cost copper mines.

OBJECTIVE 

To deliver value for our shareholders whilst maintaining a strong social commitment to our employees, the environment and communities around us.

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DELIVER MAJOR GROWTH PROJECTS

We seek to undertake growth projects which have the potential to deliver a high return on investment, including brownfield expansions of existing assets and new greenfield development projects

 

2019 PERFORMANCE 

Aktogay expansion

  • Project has progressed well in 2019 and remains on schedule and within budget
  • TRIFR 1.26
  • Zero fatalities

2020 GOALS

Aktogay expansion

  • Progress construction according to schedule, first production to commence in 2021
  • Remain within $1.2 billion project budget
  • Maintain high health and safety standards

OPTIMISE EXISTING ASSETS

Improve health and safety, increase productivity and maintain low operating costs and sustaining capital expenditure

2019 PERFORMANCE 

All assets

  • Two fatalities
  • TRIFR 1.38 (2018: 1.74)
  • Net cash cost 77 USc/lb (2018: 85 USc/lb)
Aktogay and Bozshakol
  • Main sulphide concentrators achieved design capacity of 25 Mtpa
East Region and Bozymchak
  • Met or exceeded copper, gold and silver production targets
  • Cost guidance reduced by 30 USc/lb
  • Belousovksy concentrator closed, ore redirected to Nikolayevsky

2020 GOALS

All assets

  • Improve health and safety performance
  • Seek operational and cost efficiencies
  • Maintain competitive net cash cost position
Aktogay and Bozshakol
  • Operate at design capacity
  • Optimise supply chain
East Region and Bozymchak
  • Achieve production and cost targets

TAKE ADVANTAGE OF NATURAL RESOURCE OPPORTUNITIES

Seek out natural resource opportunities, focusing on copper assets in Kazakhstan and the CIS region. 

2019 PERFORMANCE 

Aktogay

  • Expansion project progressed
Baimskaya
  • Feasibility study on track for completion later in the first half of 2020
  • Site infrastructure works commenced
  • Financing discussions progressed, pending bankable feasibility study
  • Partnering options assessment ongoing

2020 GOALS

Baimskaya

  • Complete bankable feasibility study
  • Develop execution strategy
  • Continue pioneer works

BE A SOCIALLY RESPONSIBLE OPERATOR

KAZ Minerals is committed to maintaining high levels of corporate responsibility as we grow our business and share the benefits of natural resource extraction with our key stakeholders.

2019 PERFORMANCE 

Health and safety
  • Two fatalities in underground operations
  • Injury rate reduced to TRIFR of 1.38 (2018: 1.74)
Environment
  • Energy efficiency improved and CO2 emissions intensity reduced
  • Water consumption reduced
Employees

  • Apprentice programme launched

Communities 

  • $22 million of social project funding in 2019

2020 GOALS

Health and safety
  • Target zero fatalities and LTIs, reduce TRIFR
Environment
  • Implement plan to achieve CO2 and water reduction targets
  • Assess environmental impacts at Baimskaya
Employees

  • Focus on recruitment, training and leadership development programmes

    Support diversity through equality of opportunity 

Communities 

  • Support social projects

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