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Kazakhmys PLC (KAZ)

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Wednesday 29 June, 2011

Kazakhmys PLC

Kazakhmys Lists on the Hong Kong Stock Exchange

RNS Number : 2997J
Kazakhmys PLC
29 June 2011
 



 

 

 

29 June 2011

 

Kazakhmys PLC Lists on the

Main Board of the Hong Kong Stock Exchange

 

 

 

Kazakhmys is pleased to announce the successful listing of its ordinary shares on the Main Board of the Stock Exchange of Hong Kong today.  

 

No new shares have been issued or sold, but Kazakhmys may consider issuing some shares into the Hong Kong market at a later date, in order to assist liquidity. Any future issuance will depend upon share price levels and capital requirements, particularly as the major growth projects at Aktogay and Bozshakol progress.

 

Oleg Novachuk, Chief Executive Officer, said: "Our secondary listing in Hong Kong is important for the strategic development of Kazakhmys. Asia and China provide an increasingly significant customer and financing base for us. This listing will help raise our profile in the region's major financial centre and will support the future development of our business by providing access to a much wider group of investors."

 

 

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

Maksut Zhapabayev

Head of Corporate Communications

Almaty

    Tel: +77 27 3304  556

Zulfira Mukhamedyarovа

Senior Manager - Media Relations

Tel: +77 27  3304  556

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.

 

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.

 


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