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Holding(s) in Company

Holding(s) in Company

Holding(s) in Company

Holding(s) in Company

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 480,723,977 ordinary shares.

The Company currently holds 9,432,621 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 471,291,356 ordinary shares (excluding treasury shares).

The above figure of 471,291,356 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.

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Result of Annual General Meeting 2019

KAZ Minerals PLC (the ‘Company’) announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each resolution are shown below. The poll results represent approximately 75.2% of the total number of 471,288,333 Ordinary Shares in issue which carry voting rights of one vote per share.

The votes cast on resolutions 6,7,9,10 and 11 relating to the election or re-election of the independent non-executive Directors, have been calculated separately. These resolutions were duly passed by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders. The result of the votes cast by the Independent Shareholders (marked with an **) and the votes cast by all Shareholders are set out below.

The Company currently holds 9,435,644 Ordinary Shares in treasury which do not carry voting rights.

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Holding(s) in Company

Q1 Production Report 2019

KAZ MINERALS GROUP PRODUCTION REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2019

Highlights
  • Copper production1 of 70.0 kt (Q4 2018: 77.9 kt), 4% above prior year comparative period (Q1 2018: 67.3 kt) and on track to achieve 2019 guidance of c.300 kt
  • Higher copper output expected in remaining nine months of 2019 due to Bozshakol grade profile and increased processing at the Nikolayevsky and Bozshakol clay concentrators
  • Bozshakol and Aktogay sulphide concentrators achieved design ore throughput over the quarter
Aktogay
  • Record quarterly copper production1 of 36.7 kt (Q4 2018: 36.0 kt)
  • Sulphide ore throughput of 6,440 kt (Q4 2018: 5,512 kt) and increased copper recovery offset lower sulphide grade and seasonal variation in oxide production
  • On track to achieve full year copper production1 guidance for 2019 of 130-140 kt
Bozshakol
  • Copper production2 of 23.8 kt (Q4 2018: 26.6 kt) as higher sulphide throughput of 6,315 kt (Q4 2018: 6,148 kt) was offset by mining of lower grade areas and clay plant downtime
  • Average copper grade in Q1 of 0.44%, full year 2019 average expected to be similar to the 0.48% grade processed in 2018 supporting full year copper guidance of 105-115 kt
  • Gold production2 of 30.0 koz (Q4 2018: 34.1 koz) following reduced clay ore processing in Q1, on track for full year guidance of 130-140 koz
East Region and Bozymchak
  • Copper production2 of 9.5 kt (Q4 2018: 15.3 kt) and zinc in concentrate output of 6.2 kt (Q4 2018: 11.4 kt), mainly due to lower processing volumes, as ore was stockpiled at Nikolayevsky for processing over the remainder of 2019
  • Gold production of 12.5 koz (Q4 2018: 14.0 koz), as lower East Region processing volumes were partially offset by increased output from the Bozymchak mine in Kyrgyzstan of 10.6 koz (Q4 2018: 9.6 koz)
  • Zinc in concentrate output in 2019 expected to be below guidance of c.50 kt, following low production in Q1
  • Full year production guidance maintained for copper, gold and silver with higher output expected in remaining three quarters of 2019

 

Group production summary3

 

Q1 2019

Q4 2018

Q1 2018

Copper production1

kt

70.0

77.9

67.3

   Aktogay

kt

36.7

26.6

26.4

   Bozshakol

kt

23.8

36.0

26.9

   East Region & Bozymchak

kt

9.5

15.3

14.0

Zinc in concentrate

kt

6.2

11.4

14.2

Gold production2

koz

43.4

48.4

49.9

Silver production2

koz

626

933

852
  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: “The Aktogay and Bozshakol sulphide plants performed well during the winter period, with both achieving design ore throughput in the first quarter. Record processing volumes and increased recovery rates at Aktogay resulted in copper production of 37 kt, offsetting lower average grades and seasonal variation in oxide production. Higher output from Bozshakol and the East Region is expected over the remaining nine months of the year with the Group to deliver full year copper production of circa 300 kt.”

For further information please contact:

KAZ Minerals PLC

 

 

Chris Bucknall

Investor Relations, London

Tel: +44 20 7901 7882

Anna Mallere

Investor Relations, London

Tel: +44 20 7901 7814

Maksut Zhapabayev

Corporate Communications, Almaty

Tel: +7 727 244 03 53

Brunswick Group

 

 

Carole Cable, Charlie Pretzlik

 

Tel: +44 20 7404 5959

REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

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Notification and Public Disclosure of Transactions.pdf

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 480,723,977 ordinary shares.

The Company currently holds 9,542,924 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 471,181,053 ordinary shares (excluding treasury shares).

The above figure of 471,181,053 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.

Please follow the link to download the full announcement