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 East Region, employing approximately 12,500 staff. In 2021 the Group exported 110 kt of copper cathode from Kazakhstan to customers in China and Europe (2020: 123 kt) and 143 kt of payable copper in concentrate, mainly to China (2020: 177 kt). The Group generated revenues of $2,784 million in 2021 and made a total tax contribution of $477 million in Kazakhstan, including $146 million of corporate income tax and withholding tax and $193 million of MET. In 2019 the Group acquired the Baimskaya copper project.

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 2021.

The Group has invested over $5 billion in the construction of new mining facilities in Kazakhstan from 2011 to 2021, principally at its Aktogay and Bozshakol sites. The Aktogay expansion project was opened in October 2021 by the President of Kazakhstan and the Group expects to make around $100 million of finalisation payments to contractors in 2022.