Access to the key inputs required for the mining and processing of copper is the source of our competitive advantage and enables us to generate value for our stakeholders.
We have access to 4,659 Mt of measured and indicated mineral resources at our mining assets, with an average copper grade of 0.41%. The ore also contains by-products of gold, silver and zinc.
Our operations in Kazakhstan benefit from competitive power tariffs and a domestic power surplus, enabling us to operate large scale facilities at low cost.
We have access to readily available fresh water from groundwater and surface water sources. Our modern processing facilities recycle a high proportion of water consumed.
Our operations are connected to existing national rail networks which enable us to efficiently deliver our products to customers in China and Europe.
We employ approximately 16,000 people in our business. There is a skilled mining workforce
KAZ Minerals raised $700 million of new debt facilities in 2019 and increased its PXF facility by $700 million in January 2020.
Low cost operations
The Group’s net cash cost in 2019 of 77 USc/lb was amongst the lowest of any pure-play listed copper miner.