Author: Fuel Integrated

Total Voting Rights

In conformity with the Disclosure and Transparency Rules (“the Rules”), the Company 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 11,701,830 ordinary shares in treasury and the issued share capital of the Company which carries voting rights of one vote per share comprises 446,677,203 ordinary shares (excluding treasury shares).

The above figure of 446,677,203 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

 

 

Q2 Production Report 2016

KAZ MINERALS GROUP Production Report for six months and THE second QUARTER Ended 30 june 2016

  • Copper cathode equivalent production1 of 52.6 kt in H1 2016, an increase of 43%
    • Rise in copper output due to commissioning of new mines
    • Continued production growth expected in the second half
    • Group on track to meet 2016 guidance of 130-155 kt copper cathode equivalent1
  • Bozshakol commissioning progressing well, FY guidance maintained
    • 100% load tests successfully performed on key equipment
    • Copper in concentrate production of 9.5 kt in Q2 (Q1: 1.1 kt)
    • Q2 throughput limited by 17 day scheduled shutdown in May and commissioning works in June
    • Throughput increasing in Q3, 2016 guidance maintained at 45-65 kt copper cathode equivalent1
  • Aktogay oxide cathode output of 3.9 kt in Q2 (Q1: 1.5 kt)
    • Ramp up progressing, on track for 15 kt full year guidance
  • Significant increase in gold production
    • Gold bar equivalent output1 of 39.1 koz in H1 2016 (H1 2015: 16.1 koz)
    • Bozymchak operated at design capacity throughout the first half, producing 17.9 koz of gold bar equivalent1 (H1 2015: 5.1 koz)
    • East Region and Bozymchak produced 30.0 koz of gold bar equivalent1, now on course to meet or exceed top of 2016 guidance range (40-50 koz)
    • Bozshakol contributed 9.1 koz of gold bar equivalent1 in H1 2016, with 8.8 koz in Q2
  1. The Group’s finished goods “equivalent” production includes both finished metals produced and the finished metal equivalent of concentrate sold in the period.

Oleg Novachuk, Chief Executive, said: “Our new mines at Bozshakol, Aktogay and Bozymchak have begun to make a meaningful contribution to Group production with copper output growing by 43% in the first half. The East Region assets continue to deliver against targets and all mines are on track to achieve the Group’s full year production guidance. We are now delivering the highest growth rate in the sector and we look forward to updating the market on our financial performance when we announce our half year results in August.”

Please follow the link to read the full announcement.

 

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

Aktogay Project Capital Expenditure Update

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) announces that following a review of the Group’s Aktogay project, the expected project cost has been reduced by $100 million to $2,200 million. The project has benefitted from the experience gained at Bozshakol and from the use of local contractors following the 2015 tenge devaluation.

The lowered budget for the Aktogay project results in revised capital expenditure guidance for 2016 of $230 million and 2017 of $350 million. The final payment of $300 million to the project’s principal construction contractor remains deferred to 2018, after the project has been completed.

Oleg Novachuk, Chief Executive, said: “The experience gained developing our first major growth project, Bozshakol, has resulted in a reduction in the expected budget for Aktogay. We look forward to updating the market on the project’s construction progress later in 2016.”

 

Total Voting Rights

In conformity with the Disclosure and Transparency Rules (“the Rules”), the Company 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 11,701,830 ordinary shares in treasury and the issued share capital of the Company which carries voting rights of one vote per share comprises 446,677,203 ordinary shares (excluding treasury shares).

The above figure of 446,677,203 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

 

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

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

Result of Annual General Meeting 2016

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 66% of the total number of 446,677,203 Ordinary Shares in issue which carry voting rights of one vote per share.

The votes cast on resolutions 3, 6, 8, 9 and 10, 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 11,701,830 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 at www.kazminerals.com.

 

Resolution

For/

Discretion

 

%

 

Against

 

%

 

Total

Vote Withheld*

1. To receive the 2015 Directors’ and auditors’ reports and the accounts of the Company

295,743,141

100.00

1,201

0.00

295,744,342

572,048

2. To approve the 2015 Directors’ Annual Report on Remuneration

291,781,797

98.48

4,516,002

1.52

296,297,799

18,591

3. To re-elect Simon Heale as a Director

142,185,625**

 

99.40**

 

855,121**

 

0.60**

 

143,040,746**

 

134,422**

 

295,326,847

99.71

855,121

0.29

296,181,968

134,422

4. To re-elect Oleg Novachuk as a Director

295,950,320

99.88

365,527

0.12

296,315,847

543

5. To re-elect Andrew Southam as a Director

295,949,480

99.88

366,367

0.12

296,315,847

543

6. To re-elect Lynda Armstrong as a Director

142,379,185**

 

99.44**

 

795,898**

 

0.56**

 

143,175,083**

 

85**

 

295,520,407

99.73

795,898

0.27

296,316,305

85

7. To re-elect Vladimir Kim as a Director

 

 

295,621,191

99.77

694,917

0.23

296,316,108

282

8. To re-elect Michael Lynch-Bell as a Director

142,397,047**

 

99.46**

 

777,778**

 

0.54**

 

143,174,825**

 

343**

 

295,538,269

99.74

777,778

0.26

296,316,047

343

9. To re-elect John MacKenzie as a Director

142,841,793**

 

99.77**

 

333,032**

 

0.23**

 

143,174,825**

 

343**

 

295,983,015

99.89

333,032

0.11

296,316,047

343

10. To re-elect Charles Watson as a Director

142,718,152**

 

99.68**

 

456,673**

 

0.32**

 

143,174,825**

 

343**

 

295,859,374

99.85

456,673

0.15

296,316,047

343

11. To re-appoint KPMG LLP as auditors

296,302,696

100.00

12,660

0.00

296,315,356

1,034

12. To authorise the Directors to set the auditors’ remuneration

296,278,308

99.99

37,882

0.01

296,316,190

200

13. To renew the Directors’ authority to allot shares

295,678,197

99.78

637,734

0.22

296,315,931

459

14. To renew the Directors’ authority to disapply pre-emption rights

294,382,421

99.35

1,933,420

0.65

296,315,841

549

15. To authorise the Directors to make market purchases of the Company’s shares

295,462,711

99.71

852,328

0.29

296,315,039

1,351

16. To authorise the calling of general meetings on 14 clear days’ notice

290,833,723

98.15

5,482,593

1.85

296,316,316

74
  1. *‘Vote Withheld’ is not a vote in law and is not counted in the calculation of the proportion of the votes ‘For’ and ‘Against’ a resolution.
  2. ** Result of the votes cast by the Independent Shareholders.

In accordance with LR 9.6.2 of the UK Listing Authority, KAZ Minerals PLC has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Notice of Annual General Meeting.

Susanna Freeman
Company Secretary
Tel: + 44 (0)20 7901 7826
5 May 2016

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 Taipan Resources Inc.

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

 

Total Voting Rights

In conformity with the Disclosure and Transparency Rules (“the Rules”), the Company 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 11,701,830 ordinary shares in treasury and the issued share capital of the Company which carries voting rights of one vote per share comprises 446,677,203 ordinary shares (excluding treasury shares).

The above figure of 446,677,203 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