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Kazakhmys PLC (KAZ)

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Tuesday 29 March, 2011

Kazakhmys PLC

Board Changes

RNS Number : 7829D
Kazakhmys PLC
29 March 2011
 



 

 

 

29 March 2011

 

 

 

KAZAKHMYS PLC BOARD CHANGES

 

 

 

Kazakhmys PLC announces the following Board changes, which are intended to take effect from the Annual General Meeting on 13 May 2011. 

 

Peter Hickson will be retiring from the Board and it is intended to appoint a new independent non-executive Director in due course. David Munro will also be stepping down from his position as Development Director and from the Board. David will, however, continue to serve as a part-time executive with Kazakhmys. Eduard Ogay, Chief Executive Officer of Kazakhmys Corporation LLC, will be appointed to the Board and proposed for election as an executive Director at the forthcoming Annual General Meeting.

 

Vladimir Kim, Chairman of Kazakhmys PLC said: "Kazakhmys has a Board with an exceptional depth and range of experience and our non-executive Directors are generous with their time and input. I should like to thank both David and Peter for their contribution and commitment and I am delighted that we will continue to be able to rely on David's valuable input. Eduard will bring to the Board an extensive knowledge of the Group and its operations."

 

 

 

 

 

 

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 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 $3.2 billion in 2010 with Group EBITDA (excluding special items) of $2.8 billion. The Group employs some 61,000 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.

 

There are no further details that are required to be disclosed in respect of the appointment under LR9.6.13R of the Listing Rules of the UK listing Authority.

 


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