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Kazakhmys PLC (KAZ)

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Thursday 03 February, 2011

Kazakhmys PLC

Appointment of Group Chief Op

RNS Number : 6232A
Kazakhmys PLC
03 February 2011
 



 

 

 

3 February 2011

 

 

 

Appointment of Group Chief Operating Officer

 

 

Kazakhmys PLC announces the appointment of Sergei Diachenko to the role of Group Chief Operating Officer.  Sergei joined Kazakhmys in October 2010 as Technical Director.  His promotion to Group Chief Operating Officer will include the day to day operational and technical management of the Group's activities, including health and safety.

 

Sergei is a mining graduate of the St Petersburg Mining Institute and the Russian Academy of Sciences and has an MBA from the Gordon Business Institute, Pretoria University.  He has  25 years experience in mine management and development including with Rio Tinto and most recently as a Group General Manager at De Beers.

 

Oleg Novachuk, Chief Executive Officer said; "Sergei has made a significant impact on Kazakhmys in the few months that he has been with us and we are delighted that he has now stepped up to this new role.  Sergei has a combination of skills and experience that will assist us to continue developing our operations, with a focus on improving both efficiency and safety."

 

 

 

 

 

 



 

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 Mukhamedyarovа

Senior Manager - Media Relations

Tel: +77  27  266   3317

Merlin


David Simonson

Tel: +44 20 7726 8400

Ian Middleton

Tel: +44 20 7726 8400

Fiona Crosswell

Tel: +44 20 7726 8400

 

REGISTERED OFFICE

6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL.

Notes to Editors

Kazakhmys PLC is a leading international natural resources group 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 worldwide with 17 operating mines, 10 concentrators and 2 copper smelters. Kazakhmys Copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode equivalent produced in 2010 from own ore was 303 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure.

 

Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2010, it produced 167 thousand tonnes of zinc in concentrate. The Group is in the top ten largest silver producers in the world (14 million ounces produced in 2010).

 

Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes new development and exploration opportunities. Kazakhmys Gold has measured and indicated gold equivalent resources of 2.5 million ounces. The Group produced 170 thousand ounces of gold in 2010.

 

Kazakhmys Power has a 50% interest in the coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW.

 

Kazakhmys Petroleum is continuing its work programme at the East Akzhar exploration block, located on the eastern fringe of the Caspian depression, which was acquired in April 2007.

 

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 $3.7 billion in 2009 with EBITDA of $1.6 billion. The Group employs some 62,000 people, principally in Kazakhstan. The Group's strategic aim is to optimise its current operations, deliver its major growth projects and 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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