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Kazakhmys PLC (KAZ)

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Friday 26 October, 2007

Kazakhmys PLC

Completion of Acquisition

Kazakhmys PLC
26 October 2007


           Kazakhmys PLC Completes Acquisition of 18.8% Stake in ENRC

Kazakhmys PLC (the 'Group') announces that the acquisition of an 18.8% stake in
Eurasia Natural Resources PLC ('ENRC) has now been completed.

Following approval of the transaction by Independent Shareholders on 19 October,
and receipt of the remaining regulatory approval from the Government of
Kazakhstan, 18.8% of the shares in ERNC were acquired yesterday at a price of
US$806.5 million, subject to non-material adjustment, to take account of final
financing costs.

The investment is in accordance with Kazakhmys' long-term strategy of seeking to
acquire interests in existing regional natural resources businesses in Central
Asia. The acquisition will be funded from existing Group cash resources and will
be accounted for as an investment.

For further information please contact:
John Smelt, Head of Corporate Communication             Tel:  +44 20 7901 7882
                                                        Mob:  +44 787 964 2675
Sergei Stephantsov, Investor Relations Manager          Tel:  +44 20 7901 7814
Kazakhmys PLC
Robin Walker
Finsbury                                                Tel:  +44 20 7251 3801


Kazakhmys PLC
Kazakhmys PLC is the largest copper producer in Kazakhstan and one of the
leading copper producers in the world. Kazakhmys is a fully integrated copper
producer from mining ore through to the production of finished copper cathode
and rod. The Group produces significant volumes of other metals as by-products,
including zinc, silver and gold. Existing operations include 19 open pit and
underground mines, 8 concentrators, two copper smelting and refining complexes,
a copper rod plant, a zinc plant and a precious metals refinery. Production is
backed by a captive power supply and significant rail infrastructure. Kazakhmys
also owns MKM, a copper products fabrication company in Germany, and has Gold
and Petroleum Divisions with assets in Kazakhstan and Central Asia. The Group's
strategic aim is to diversify and participate in the development of the
significant natural resource opportunities in Central Asia.

Eurasia Natural Resources PLC
ENRC is a privately owned natural resources company with fully integrated
mining, processing, energy and transport operations in Kazakhstan. ENRC's 
operations, spread throughout Kazakhstan, are principally comprised of 
vertically integrated ferroalloy, iron ore and alumina businesses which employ
over 60,000 people and generated estimated revenues of approximately 
US$3 billion in 2006. ENRC benefits from high operating margins as its 
operations and growth profile are underpinned by relatively low costs of 
production at the company's major operations and it has access to a captive 
energy supply and in-house logistics and transportation operation.

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