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Kazakhmys PLC (KAZ)

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Tuesday 13 October, 2009

Kazakhmys PLC

Announces the negotiation of

RNS Number : 6693A
Kazakhmys PLC
13 October 2009
 






13 October 2009 


KAZAKHMYS PLC ANNOUNCES THE NEGOTIATION OF MAJOR LOAN FACILITY



Kazakhmys PLC notes comments in the press and announces that it is in discussion with the China Development Bank and JSC Sovereign Wealth Fund Samruk-Kazyna regarding a potential corporate loan facility of around $2 billion. The loan would help fund the development of major growth projects. We will update the market should negotiations result in a facility being signed.

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For further information please contact:




Kazakhmys PLC
 
 
John Smelt
Head of Corporate Communications
Tel: +44 20 7901 7882
Tel: +44 78 7964 2675
Irene Burton
Financial Analyst
Tel: +44 20 7901 7814
Zulfira Mukhamediyarov
Senior Manager - Media
Tel: +77 27 266 317
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 2008 from own ore was 343 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 2008, it produced 48 thousand tonnes of zinc metal and 137 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (17 million ounces produced in 2008). 


Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 179 thousand ounces of gold in 2008 and has measured and indicated resources of 2.3 million ounces.


Kazakhmys Power owns the 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 3.6 million tonnes of coal in 2008.


Kazakhmys Petroleum owns 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 $5.2 billion in 2008 with EBITDA of $2.0 billion. The Group employs some 67,000 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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