By continuing to browse the site you are agreeing to our use of cookies. For more details about cookies and how to manage them, see our cookie policy.
KAZ Minerals is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan and Kyrgyzstan.
In Kazakhstan the Group operates the Aktogay and Bozshakol mines and concentrators, as well as three underground mines and two associated concentrators in the East Region, employing approximately 12,500 staff. In 2022, the Group exported 102 kt of copper cathode from Kazakhstan to customers in China and Europe (2021: 110 kt) and 280 kt of payable copper in concentrate, mainly to China (2021: 143 kt). The Group generated revenues of $3,802 million in 2022 and made a total tax contribution of $754 million in Kazakhstan, including $345 million of corporate income tax and withholding tax and $296 million of mineral extraction tax.
The Group employs approximately 1,000 staff in Kyrgyzstan where it operates the Bozymchak copper-gold mine. Tax payments of $24 million were made in 2022.
The Group has invested over $5 billion in the construction of new mining facilities in Kazakhstan from 2011 to 2022, principally at its Aktogay and Bozshakol sites.