Author: Fuel Integrated

New revolving credit facility

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) announces the signing of a new $50 million revolving credit facility (“RCF”) with Caterpillar Financial Services (UK) Limited (“Cat Financial”), a subsidiary of Caterpillar Inc.. Caterpillar Inc. is a major supplier of mining equipment to the Group’s Bozshakol and Aktogay projects.

The RCF is available for drawing for three years from the date of signing, following which the facility is repayable in four equal quarterly instalments. An interest rate of USD LIBOR plus 4.25% is payable on amounts outstanding under the RCF. The financial covenants on the RCF are identical to those applicable to the Group’s existing pre-export finance facility.

Andrew Southam, Chief Financial Officer, said: “This new facility with Cat Financial provides KAZ Minerals with additional liquidity during the construction and ramp-up of our major growth projects and broadens the Group’s debt portfolio.”

Please follow the link to DOWNLOAD the full announcement

 

Notice of 2015 Half-Yearly Results

KAZ Minerals PLC will announce its half-yearly results for the six months ended 30 June 2015 on Thursday 20 August 2015 at 7.00am (UK time).

A presentation for analysts will be held in the Theatre at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS at 9.15am (UK time).

The presentation for analysts can also be accessed by conference call at 9.15am (UK time). The dial-in details are as follows:

Telephone: +44(0)20 3003 2666

Please quote the password: KAZ Minerals

A webcast of the presentation for analysts will also be available on the KAZ Minerals website

(www.kazminerals.com).

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:

Stephen Hodges

Company Secretary

Tel: + 44 (0)20 7901 7832AF

Please follow the link to download the full announcement

 

Q2 Production Report 2015

Kaz minerals PLC Production Report FOR six months and the second QUARTER ENDED 30 June 2015

  • H1 copper cathode production 37 kt
    • Build-up of copper work in progress at smelter due to scheduled Q2 maintenance
    • Underlying copper in concentrate output 43 kt in H1
    • East Region and Bozymchak on track to achieve 2015 cathode production target of 80-85 kt
  • Strong zinc and silver output in H1
    • Zinc in concentrate output 50 kt (FY 2015E 90-95 kt)
    • Silver granule output 1,661 koz (FY 2015E 2,250-2,500 koz) benefiting from a release of work in progress
    • Full year production for zinc and silver expected to be at the top end of guided range
  • H1 gold bar output 16 koz
    • Underlying gold in concentrate output 20 koz
    • 2015 guidance revised to 34-38 koz
  • Bozshakol and Aktogay pre-production mining
    • Mining activities commenced in late May at Bozshakol ahead of sulphide ore extraction in Q3
    • Oxide ore output commenced at Aktogay with 251 kt ore mined in June

Oleg Novachuk, Chief Executive, said: “We are pleased to report another solid quarter of production from our East Region mines. At the half year we are on target to achieve our 2015 copper cathode guidance and we have delivered strong zinc and silver production. Pre-production activities have started at both Bozshakol and Aktogay in preparation for the commissioning of processing facilities in the fourth quarter of 2015.”

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

Bozshakol Site Visit and Presentation

KAZ Minerals PLC is hosting an analyst site visit to the Bozshakol project on 2 June and is making presentations on its major growth projects to analysts today. The presentations are available on the Company’s website www.kazminerals.com.

Bozshakol remains on track to commence commissioning in the fourth quarter, with limited initial copper production in 2015. The Aktogay project also remains on track to commence production from oxide ore in the fourth quarter of 2015 and from sulphide ore in 2017.

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:

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