Information  X 
Enter a valid email address

Kazakhmys PLC (KAZ)

  Print      Mail a friend       Annual reports

Monday 03 March, 2008

Kazakhmys PLC


Kazakhmys PLC
03 March 2008

3 March 2008

                        PRE-EXPORT FINANCE DEBT FACILITY

Kazakhmys PLC announces the signing of its US$2.1 billion pre-export finance
debt facility, which was first announced on 5 February 2008. The five year
facility, which met with significant oversubscription, is to be used for general
corporate purposes, including the proposed acquisition of the Ekibastuz power

The transaction was managed by Deutsche Bank and the Mandated Lead Arrangers and
bookrunners were ABN AMRO Bank, Barclays Bank, BNP Paribas, CALYON, Commerzbank,
Deutsche Bank, Dresdner Bank, ING Bank, Natixis, Societe Generale Corporate &
Investment Banking, Sumitomo Mitsui Banking Corporation, The Bank of
Tokyo-Mitsubishi UFJ and WestLB.

The Arrangers were Bank of China, Fortis, JPMorgan Chase Bank, Merrill Lynch
International Bank, and Rabobank International.  The Co-Arranger was ICBC

Matthew Hird, Chief Financial Officer of Kazakhmys PLC stated: "We are delighted
by the response from the banking market to our debut transaction, especially in
the current challenging market conditions. The participation of 19 banks and the
significant oversubscription for the deal reflects our strong balance sheet,
cashflow generation and demonstrates the support for our growth strategy. This
is the first opportunity for international debt investors to participate in
Kazakhmys' credit and enables us to enhance our financial flexibility by
diversifying our sources of funding. We look forward to further funding
initiatives, in due course, as the Group continues to expand through organic and
acquisitive growth."

For further information please contact:

----------------------------                              -------------------
John Smelt, Head of Corporate Communication              Tel:+44 20 7901 7882
                                                         Mob:+44 787 964 2675
Olga Nekrassova, Financial Analyst                       Tel:+44 20 7901 7814
----------------------------                              -------------------
Kazakhmys PLC
----------------------------                              -------------------
----------------------------                              -------------------
David Simonson & Tom Randell (English language)
Leonid Fink & Anastasia Ivanova (Russian language)
----------------------------                              -------------------
Merlin                                                  Tel:+44 20 7653 6620
----------------------------                              -------------------

- ends -

Notes to Editors

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 20 open pit and
underground mines, 9 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.

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