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:

Stephen Hodges

Company Secretary

Tel: + 44 (0)20 7901 7832

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Q3 Production Report 2015 and IMS

Kaz minerals PLC Production Report FOR nine months and the third QUARTER ENDED 30 september 2015 and Interim Management Statement

  • Copper cathode production of 58 kt for the nine months
    • Underlying copper in concentrate production of 67 kt
    • On target to achieve 80-85 kt full year cathode guidance, supported by expected release of copper work in progress in Q4 2015
  • Good zinc and silver by-product output
    • Zinc in concentrate output for the nine months of 73 kt, expected to be at the upper end of full year guidance (90-95 kt)
    • Silver granule output of 2,450 koz benefited from the release of work in progress, full year output now forecast to exceed FY 2015 guidance (2,250-2,500 koz) by around 10%
    • Gold output of 28 koz for the nine months, supported by 25% higher output in Q3. On course to achieve full year guidance (34-38 koz)
  • Bozshakol and Aktogay pre-production activities
    • Stripping and mining of clay ore and waste material at Bozshakol continued throughout Q3, opening access to sulphide ore ahead of the concentrator commissioning in Q1 2016
    • Oxide ore output commenced at Aktogay in June, with 2,125 kt of ore at a grade of 0.37% placed on leach pads by 30 September. Acid irrigation of the leach pads commenced on 26 September

Oleg Novachuk, Chief Executive, said: “Another solid quarter of production from our East Region operations and Bozymchak leaves us well positioned to meet our 2015 copper and by-product targets. At Bozshakol, the replacement of equipment damaged in the fire on 14 August 2015 is progressing well, with the concentrator on track for commissioning in Q1 2016. Acid irrigation of oxide ore at Aktogay began in late September and we expect the first copper cathode output from the project this year.”

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 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:

Stephen Hodges

Company Secretary

Tel: + 44 (0)20 7901 7832

Please follow the link to DOWNLOAD the full announcement

 

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

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 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:

Stephen Hodges

Company Secretary

Tel: + 44 (0)20 7901 7832

Please follow the link to DOWNLOAD the full announcement

 

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

Half-Yearly Results 2015

Kaz minerals PLC HALF-YEARLY REPORT

FOR THE PERIOD ENDED 30 June 2015

FINANCIAL HIGHLIGHTS

  • EBITDA of $88 million, excludes $6 million capitalised contribution from Bozymchak
  • East Region EBITDA of $109 million
  • Strong operating cost management
  • Gross cash cost of 270 USc/lb versus previous guidance of 280-300 USc/lb
  • Full year gross cash cost guidance reduced to 260-280 USc/lb
  • East Region achieved competitive net cash cost of 125 USc/lb
  • Positive operating cash flow
  • Free Cash Flow before interest of $30 million
  • Sustaining capital expenditure limited to $25 million
  • Significant liquidity
  • Funds available of $2,210 million at 30 June 2015: $1,460 million of cash and $750 million of undrawn facilities
  • $50 million revolving credit facility signed with Caterpillar in August 2015
  • Net debt $1,589 million as at 30 June 2015

OPERATIONAL HIGHLIGHTS

  • Solid first half output
  • Underlying copper in concentrate production of 43 kt
  • On-track to achieve 2015 cathode production target of 80-85 kt
  • Zinc and silver output to achieve top end of guidance range

MAJOR GROWTH PROJECTS

  • Bozshakol
  • Fire on 14 August 2015 currently expected to result in commissioning commencing in the first quarter of 2016 with no change to the capital budget
  • Installation of processing equipment largely complete, now in testing phase
  • Pit fully dewatered, pre-production mining activities underway
  • Aktogay
  • 1,075 kt of oxide ore with grade of 0.35% extracted and placed on pads as at 31 July
  • SX/EW processing facilities close to completion ahead of first cathode production in the fourth quarter
  • Sulphide plant construction proceeding on schedule for 2017 start up

OUTLOOK

  • Launch of growth projects, 2015 copper guidance maintained
  • Initial production from Aktogay oxide in 2015
  • Repairs to be undertaken at Bozshakol whilst continuing final construction and testing work
  • Close control of costs and sustaining capital expenditure
  • Release of smelter work in progress to support cathode production in second half

Oleg Novachuk, Chief Executive, said: “Bozshakol and Aktogay progressed well in the first half of 2015, with pre-production mining activities underway and Aktogay on course for initial copper cathode production from oxide ore later this year. At Bozshakol, our preliminary assessment following the fire that occurred in the concentrator building on 14 August is that commissioning is currently expected to be delayed to the first quarter of 2016, with no change to the capital budget. As a result of the East Region’s solid operational performance and cost control measures we are on track to achieve our full year copper production guidance at a reduced gross cash cost.”

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Incident at Bozshakol

A fire incident occurred overnight in the grinding area of the concentrator building at the Bozshakol project. The fire has been extinguished and there have been no reported injuries.

Further information will be released as appropriate when the extent of damage has been assessed.

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