Author: Fuel Integrated

Result of Annual General Meeting 2017

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 56% of the total number of 446,712,943 Ordinary Shares in issue which carry voting rights of one vote per share.

The votes cast on resolutions 4, 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 11,666,090 Ordinary Shares in treasury which do not carry voting rights.

Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available on the Company’s website.

PLEASE FOLLOW THE LINK TO Download THE full announcement

 

Q1 Production Report 2017 and IMS

KAZ MINERALS GROUP Production Report for THE FIRST QUARTER Ended 31 MARCH 2017 AND INTERIM MANAGEMENT STATEMENT

  • Copper production1 increased by 16% to 52 kt in Q1 2017 (Q4 2016: 45 kt) as new mines ramp up
  • On track to meet 2017 production guidance for all metals
  • Bozshakol
    • 23 kt copper production2 (Q4 2016: 21 kt)
    • Sulphide plant completed planned maintenance in January, higher throughput in March
    • Clay plant ramping up in line with expectations, processed 495 kt of ore in Q1
  • Aktogay
    • Sulphide concentrator commenced output in mid-February, 7 kt copper production2 in Q1
    • Copper in concentrate output benefitted from high grade in transitional zone
    • SX/EW cathode output of 5 kt (Q4 2016: 6 kt), seasonal impact of cold weather
  • East Region and Bozymchak
    • Copper production2 of 17 kt (Q4 2016: 18 kt)
    • Volumes supported by processing of stockpiled ore from Yubileyno-Snegirikhinsky mine
    • By-product output on track for full year guidance
  • Financial update
    • Net debt of $2,550 million at 31 March 2017, $1,098 million of funds available
    • Q1 financial position supported by limited project spend and refund of project VAT
    • 2017 project expenditure guidance for Aktogay reduced from $265 million to less than $200 million, due to commissioning efficiencies and operating synergies with Bozshakol
  1. Payable metal in concentrate and copper cathode from Aktogay oxide ore.
  2. Payable metal in concentrate.

Oleg Novachuk, Chief Executive, said: “I am pleased to report continued progress in the ramp up of our new mines, including an excellent first quarter of production from sulphide operations at Aktogay. The Aktogay concentrator commenced output in mid-February and has produced 7 kt of copper. KAZ Minerals is delivering industry-leading production growth as promised to the market and was amongst the lowest cost copper producers globally in 2016.”

Please follow the link to download the full announcement

 

Holding(s) in Company

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

Notification in accordance with UKLR9.6.14R

In conformity with Listing Rule 9.6.14R the Company notifies the market that it has been informed of the appointment of Michael Lynch-Bell, a non-executive director and senior independent director of the Company, as a non-executive director of Barloworld Limited, a company listed on the Johannesburg Stock Exchange, with effect from 1 April 2017.

There are no further matters to be disclosed under LR 9.6.14R.

For further information, please contact:

Susanna Freeman
Company Secretary
Tel: + 44 (0)20 7901 782

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

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 11,666,090 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 446,712,943 ordinary shares (excluding treasury shares).

The above figure of 446,712,943 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 FULL ANNOUNCEMENT

 

Notification in accordance with Listing Rule 9.6.14R

In conformity with Listing Rule 9.6.14R the Company notifies the market that it has been informed that Charles Watson, a non-executive director of the Company, has resigned from his position as non-executive director of JSOC Bashneft.

There are no further matters to be disclosed under LR 9.6.14R.

For further information, please contact:

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

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL 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 2016
  • Notice of Annual General Meeting 2017
  • Form of Proxy relating to the Annual General Meeting 2017

The Annual Report and Accounts for the year ended 31 December 2016 and Notice of Annual General Meeting 2017 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 FULL ANNOUNCEMENT

 

Major growth project VAT rebates

KAZ Minerals PLC (“the Group”) announces that the refund of VAT paid during the construction of the Bozshakol and Aktogay projects has commenced. Following the completion of audit and other administrative procedures the Group has received $166 million in VAT refunds to date in 2017. The recoverable VAT paid during the construction of the two projects was included within non-current receivables as at 31 December 2016.

Please follow the link to read the full announcement

 

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