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KAZ Minerals is a copper producer with mining operations 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 Abay and East regions, employing over 12,000 staff. In 2023, the Group exported 121 kt of copper cathode from Kazakhstan to customers in China and Europe (2022: 102 kt) and 324 kt of payable copper in concentrate, mainly to China (2022: 280 kt). The Group generated revenues of $4,308 million in 2023 and made a total tax contribution of $1,059 million in Kazakhstan, including $425 million of corporate income tax and withholding tax and $426 million of mineral extraction tax.
The Group employs approximately 1,300 staff in Kyrgyzstan where it operates the Bozymchak copper-gold mine. Tax payments of $35 million were made in 2023.
The Group has invested over $5 billion in the construction of new mining facilities in Kazakhstan from 2011 to 2023, principally at its Aktogay and Bozshakol sites.