Top Movers

Company Announcements

Statement Regarding Speculation

Related Companies

By LSE RNS

RNS Number : 1971F
KAZ Minerals PLC
16 February 2018
 


 

KAZ MINERALS PLC

6TH FLOOR

CARDINAL PLACE

100 VICTORIA STREET

LONDON SW1E 5JL

Tel: +44 (0) 20 7901 7800

 

 

 

 

16 February 2018

 

STATEMENT REGARDING SPECULATION

 

KAZ Minerals PLC ("KAZ Minerals" or "the Group") notes recent speculation regarding the Baimskaya copper deposit ("Baimskaya").

 

KAZ Minerals continually evaluates potential new mining projects to identify attractive long-term investment opportunities for the Group. KAZ Minerals confirms that it is currently evaluating the potential acquisition of a majority stake in the Baimskaya project. Baimskaya is a large copper-gold porphyry deposit located in the Chukotka region of Russia, with JORC resources of 9.5 Mt of copper at an average copper grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t.

 

There can be no certainty that any transaction will be forthcoming or on what terms it would occur.

 

Further information will be announced to the market as and when appropriate.

 

 

For further information please contact:

 

KAZ Minerals PLC



Chris Bucknall

Investor Relations, London

Tel: +44 20 7901 7882

Anna Mallere

Investor Relations, 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.

 

This announcement contains inside information.


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

Top of Page