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KAZ Minerals is a copper producer with mining operations in Kazakhstan and Kyrgyzstan.
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 in the Abay and Pavlodar regions of Kazakhstan, as well as three underground mines and two associated concentrators in the Abay and East regions of Kazakhstan, employing approximately 12,300 staff. In 2024, the Group exported 90 kt of copper cathode from Kazakhstan to customers in China and Europe (2023: 121 kt) and 297 kt of payable copper in concentrate, mainly to China (2023: 324 kt). The Group generated revenues of $4,139 million in 2024 and made a total tax contribution of $782 million in Kazakhstan, including $287 million of corporate income tax and withholding tax and $374 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 $46 million were made in 2024.
The Group has invested over $5 billion in the construction of new mining facilities in Kazakhstan from 2011 to 2024, principally at its Aktogay and Bozshakol sites.