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Kazakhmys PLC (KAZ)

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Wednesday 24 August, 2011

Kazakhmys PLC

Appointment of Independent Non-Executive Director

RNS Number : 9717M
Kazakhmys PLC
24 August 2011
 



24 August 2011

 

 

KAZAKHMYS PLC ANNOUNCES THE APPOINTMENT OF

CHARLES WATSON AS AN ADDITIONAL INDEPENDENT NON-EXECUTIVE DIRECTOR

 

 

Kazakhmys PLC ("Kazakhmys") today announces the appointment of Charles Watson as an independent non-executive Director, with effect from 24 August 2011.

 

Mr Watson, an engineer by training, started his career at Bechtel Group, before completing an MBA at Insead. Mr Watson then spent 29 years at Shell, and will retire on 31 August 2011.  Latterly, Charles Watson was Executive Vice President covering Russia and the CIS, Chairman of Shell Russia and Chairman of the Board of Directors for the Sakhalin Energy Investment Company. His overall responsibilities included oversight of Shell's activities in Kazakhstan.

Following Mr Watson's appointment, five of the nine Board members will be independent, which fully meets the requirements of the UK Corporate Governance Code. Mr Watson will become a member of the Audit Committee.

Kazakhmys' Chairman Vladimir Kim said, "We are delighted to have someone of the calibre and highly relevant recent experience of Charles Watson joining our Board. His expertise in major project delivery and knowledge of the region will be of great assistance as we continue to grow our business and deliver our growth projects and strategy."


 

For further information please contact:

 

Kazakhmys PLC



John Smelt

Head of Corporate Communications

Tel: +44 20 7901 7882

Tel: +44 78 7964 2675

Irina Tretyakova

Financial Analyst

Tel: +44 20 7901 7814

Maksut Zhapabayev

Head of Corporate Communications

Almaty

Tel: +77 27  3304  556

Merlin



David Simonson


Tel: +44 20 7726 8400

Ian Middleton


Tel: +44 20 7726 8400

Maria Babkina


Tel: +44 20 7726 8400

 

Hill & Knowlton Hong Kong


 

K W Lam


Tel: +852 2894 6321

 

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 and power generation.

 

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 Mining 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 Mining 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 Power also operates the captive coal mines and power stations which supply power to the Mining Division.

 

The Group is part of the FTSE-100 index of companies listed on the London Stock Exchange and is also listed on the Kazakhstan and Hong Kong Stock Exchanges. 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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