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Notice of Results

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By LSE RNS

RNS Number : 7591W
KAZ Minerals PLC
14 February 2017
 

14 February 2017

 

 

NOTICE OF PRELIMINARY RESULTS

FOR THE YEAR ENDED 31 DECEMBER 2016

 

ANALYST PRESENTATION

 

KAZ Minerals PLC announced on 8 February 2017 that it will release its preliminary results for the year ended 31 December 2016 on Thursday 23 February 2017 at 7:00am (UK time) and that a presentation for analysts would be held at 9:00am (UK time).

 

The presentation for analysts will now commence at 9:45am (UK time). All other details remain unchanged, as set out below.

 

The presentation will be held in the Theatre & Theatre Gallery at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS and can also be accessed by conference call. The dial-in details are as follows:

 

Telephone: +44 (0) 20 3003 2666

Please quote the password: KAZ Minerals

 

A webcast of the presentation will be available on the KAZ Minerals website (www.kazminerals.com).

 

For further information please contact:

 

KAZ Minerals PLC



Chris Bucknall

Investor Relations, London

Tel: +44 20 7901 7882

Anna Mallere

Financial Analyst, London

Tel: +44 20 7901 7814

Maksut Zhapabayev

Corporate Communications, Almaty

Tel: +7 727 244  03 53

Instinctif Partners



David Simonson


Tel: +44 20 7457 2020

 

REGISTERED OFFICE

6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

NOTES TO EDITORS

KAZ Minerals PLC ("KAZ Minerals" or "the Group") is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. It operates three mines and three concentrators in the East Region of Kazakhstan, the Bozymchak copper-gold mine in Kyrgyzstan, the Bozshakol open pit copper mine in the Pavlodar region of Kazakhstan and the Aktogay open pit copper mine in the East Region of Kazakhstan. In 2016, total copper cathode equivalent output was 140 kt with by-products of 75 kt of zinc in concentrate, 120 koz of gold bar equivalent and 3,103 koz of silver bar equivalent.

 

The Group's major growth projects at Bozshakol and Aktogay are expected to deliver one of the highest growth rates in the industry and transform KAZ Minerals into a company dominated by world class, open pit copper mines.

 

Bozshakol is a first quartile asset on the global cost curve and will have an annual ore processing capacity of 30 million tonnes when fully ramped up, with a mine life of 40 years at a copper grade of 0.36%. The mine and processing facilities will produce 100 kt of copper cathode equivalent and 120 koz of gold in concentrate per year over the first 10 years of operations.

 

Aktogay is a large scale, open pit mine similar to Bozshakol, with a mine life of more than 50 years and average copper grades of 0.37% (oxide) and 0.33% (sulphide). Aktogay commenced production of copper cathode from oxide ore in December 2015 and copper in concentrate production from sulphide ore in February 2017. The sulphide concentrator will have an annual ore processing capacity of 25 million tonnes when fully ramped up. Aktogay is competitively positioned on the global cost curve and will produce an average of 90 kt of copper cathode equivalent from sulphide ore and 15 kt of copper cathode from oxide ore per year over the first 10 years of operations.

 

KAZ Minerals is listed on the London Stock Exchange, the Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and employs around 13,000 people, principally in Kazakhstan.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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