Copper is fundamental to a sustainable future. KAZ Minerals develops and operates large scale, low cost copper mines.
KAZ Minerals purpose is focused on the sustainable future that can be achieved through the supply of copper, to support the global transition to a green economy, which is strongly linked to our strategy of growth in copper, to ensure the sustainability of our business for the future.
The copper market is forecast to enter a supply deficit in the medium term, as output from existing mines declines and demand from traditional and new sources continues to grow. An increase in the supply of copper is needed for a sustainable future.
Amongst other uses, an increase in the supply of copper is essential for:
- Delivering the energy and transport infrastructure necessary for improving living standards in developing economies;
- Enabling the global transition to renewable energy generation, which is more copper-intensive than traditional energy generation; and
- Supporting increased utilisation of low emission technologies, such as electric vehicles.
Delivering for all stakeholders
KAZ Minerals is a responsible developer and operator of copper mines and we seek to grow our business in a way that balances the interests of all stakeholders including governments, communities, employees, contractors, suppliers, customers and providers of capital.
As a major investor in Kazakhstan, the Group has generated growth in industrial output, export earnings, GDP and employment through the delivery of the Bozshakol and Aktogay projects. The Group paid taxes of $303 million in 2020 in Kazakhstan and our total economic value distributed was over $1.5 billion.
KAZ Minerals supports a social investment programme focused on healthcare, education, infrastructure, culture and sport to help build on the strong relationships that exist with the communities in the regions of our operations.