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Kazakhmys PLC (KAZ)

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Wednesday 21 January, 2009

Kazakhmys PLC

Announcement regarding share

RNS Number : 0253M
Kazakhmys PLC
21 January 2009
 






21 January  2009 


KAZAKHMYS PLC ANNOUNCEMENT REGARDING SHARE PLEDGES




In response to the recent clarification on the disclosure obligations published by the Financial Services Authority in January 2009, Kazakhmys PLC ("Kazakhmys" or the "Company") announces that Vladimir Kim, Chairman of Kazakhmys, has pledged 19,541,813 shares in the Company and Oleg Novachuk, Chief Executive of Kazakhmyshas pledged 29,706,848 shares in the Company to support loans.  This represents less than 20% of shares held by management and 9% of total shares outstanding.


The Company will continue to report in accordance with the new clarification.
 





For further information please contact:

 


Kazakhmys PLC
 
 
John Smelt
Head of Corporate Communications
Tel: +44 20 7901 7882
Tel: +44 78 7964 2675
Olga Nekrassova
Financial Analyst
Tel: +44 20 7901 7814
Merlin
 
 
David Simonson
 
Tel: +44 20 7653 6620
Tom Randell
 
Tel: +44 20 7653 6620
Leonid Fink
 
Tel: +44 20 7653 6620





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Notes to Editors


Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, with significant interests in copper, gold, zinc, silver, power generation and petroleum.


It is the largest copper producer in Kazakhstan and one of the top ten worldwide with 20 mines, 10 concentrators and 2 smelters. Kazakhmys copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode produced in 2007 from own ore was 341 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure. Kazakhmys also owns MKM, an upstream copper products fabrication company in Germany, which produces a range of pre- and semi-finished copper and copper alloy products.


Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2007, it produced 45 thousand tonnes of zinc metal and 133 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (19 million ounces produced in 2007). Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 146 thousand ounces of gold in 2007 and has measured and indicated resources of 2.3 million ounces.


Kazakhmys Power owns the recently acquired coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW. In addition, it owns the Maikuben open cast coal mine, supplying around 20% of the power plant's fuel requirements producing over 3.4 million tonnes of coal in 2007.


Kazakhmys Petroleum has acquired the East Akzhar exploration block, with an area of 602km², located on the eastern fringe of the Caspian depression. 


The Group is part of the FTSE-100 index of companies listed on the London Stock Exchange and is also listed on the Kazakhstan Stock Exchange (KASE). It had revenues of $5.3 billion in 2007 with EBITDA of $2.3 billion. The Group employs some 65,000 people, principally in Kazakhstan. 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
 
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