Author: fuel

Q1 Production Report 2018 and IMS

KAZ MINERALS GROUP PRODUCTION REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2018

  • Copper production1 increased by 3% to 67.3 kt (Q4 2017: 65.2 kt) supported by higher output at Bozshakol and Aktogay sulphide
  • On track to achieve 2018 production guidance for all metals 
  • Bozshakol
    • 20% increase in copper production2 to 26.9 kt (Q4 2017: 22.5 kt) supported by a 10% growth in ore throughput and improved copper recovery
    • Gold output increased by 29% to 36.0 koz (Q4 2017: 27.9 koz) due to higher gold grade and improved recovery rate
  • Aktogay
    • Copper production2 from sulphide ore increased by 9% to 21.1 kt (Q4 2017: 19.3 kt), benefitting from higher copper grade of 0.62% and recovery rate of 88%
    • Cathode production from oxide ore seasonally lower at 5.3 kt (Q4 2017: 6.7 kt), 13% above Q1 2017 
  • East Region and Bozymchak
    • Copper production2 16% lower at 14.0 kt (Q4 2017: 16.7 kt) due to planned idling of the Nikolayevsky concentrator, full year guidance of c.65 kt maintained
    • By-products in line with expectations, with zinc output rising 20% to 14.2 kt (Q4 2017: 11.8 kt)
  • Financial update
    • Net debt of $2,206 million at 31 March 2018
    • $250 million deferred from 2016-17 paid to Aktogay construction contractor in the quarter

 

Group production summary3   Q1 2018 Q4 2017 Q1 2017
Copper production1 kt 67.3 65.2 52.1
Bozshakol kt 26.9 22.5 22.9
Aktogay kt 26.4 26.0 11.9
East Region & Bozymchak kt 14.0 16.7 17.3
Zinc in concentrate kt 14.2 11.8 15.5
Gold production2 koz 49.9 40.9 42.6
Silver production2  koz 852 798 795
  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.

 

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL REPORT

 

Proposed Withdrawal of Listing

KAZ Minerals PLC announces that it proposes to withdraw the listing of its shares on the Hong Kong Stock Exchange (“HKEX”).

It is expected that the withdrawal of the listing of the shares on the HKEX will become effective at 9.00 am (Hong Kong time) on 1 August 2018.

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

 

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

Total Voting Rights

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

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

The Company currently holds 11,524,886 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 446,854,147 ordinary shares (excluding treasury shares).

The above figure of 446,854,147 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

PLEASE FOLLOW THE LINK TO DOWNLOAD THE ANNOUNCEMENT 

 

Shareholder documentation

In accordance with LR 9.6.1 of the UK Listing Authority, KAZ Minerals PLC has submitted the following documents to the National Storage Mechanism which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM:

– Annual Report and Accounts for the year ended 31 December 2017
– Notice of Annual General Meeting 2018
– Form of Proxy relating to the Annual General Meeting 2018

The Annual Report and Accounts for the year ended 31 December 2017 and Notice of Annual General Meeting 2018 are available on the Company’s website at www.kazminerals.com

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

Please follow the link to download the announcement

 

KAZ Minerals wins PLC Award

On 15 March 2018, KAZ Minerals was jointly awarded ‘Transformation of the Year’ in the prestigious annual PLC Awards for UK listed companies. The award recognises the Group’s achievements over the past few years including the restructuring in 2014, the successful delivery of the major growth projects and the Group’s significant progress in increasing its productivity. In 2017 copper production grew by 80% to 259 kt and KAZ Minerals reinforced its reputation as one of the most efficient copper miners in the world.

The PLC Awards are high profile and all UK listed companies are eligible, which includes some of the largest companies globally.

Please click on this link for further details of the awards and the 2017 winners:

PLC AWARDS 2017

 Transformation of the Year Award 2017

Transformation of the Year Award 2017

 

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

Holding(s) in Company

Total Voting Rights

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

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

The Company currently holds 11,525,503 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 446,853,530 ordinary shares (excluding treasury shares).

The above figure of 446,853,530 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

PLEASE FOLLOW THE LINK TO DOWNLOAD THE DOCUMENT

Holding(s) in Company