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Company Announcements

Notice of Results

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By LSE RNS

RNS Number : 1951O
KAZ Minerals PLC
16 August 2017
 

16 August 2017

 

 

NOTICE OF HALF-YEARLY

RESULTS FOR THE PERIOD ENDED 30 JUNE 2017

 

CHANGE OF VENUE FOR ANALYST PRESENTATION

 

KAZ Minerals PLC announced on 3 August 2017 that it would release its half-yearly results for the six months ended 30 June 2017 on Thursday 17 August 2017 at 7.00am (UK time) and that a presentation for analysts would be held at 9:00am (UK time).

 

The venue for the presentation to analysts has been changed to The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED.

 

The presentation can also be accessed by conference call and the dial-in details are unchanged as follows:

 

Telephone: +44 (0) 20 3003 2666

Please quote the password: KAZ Minerals (Half-Yearly Results 2017)

 

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 the Bozshakol and Aktogay open pit copper mines in the Pavlodar and East regions of Kazakhstan, three underground mines and associated concentrators in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan. 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 new operations at Bozshakol and Aktogay are delivering one of the highest growth rates in the industry and transforming KAZ Minerals into a company dominated by world class, open pit copper mines.

Bozshakol is a first quartile asset on the global cost curve with an annual ore processing capacity of 30 million tonnes and a mine life of 40 years at a copper grade of 0.36%. The mine and processing facilities will produce an average of 100 kt of copper 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 commenced in February 2017. The sulphide concentrator has an annual ore processing capacity of 25 million tonnes. Aktogay is competitively positioned on the global cost curve and will produce an average of 90 kt of copper from sulphide ore and 20 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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