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Kazakhmys PLC (KAZ)

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Monday 12 September, 2011

Kazakhmys PLC

Shareholder Documentation

RNS Number : 0450O
Kazakhmys PLC
12 September 2011
 



 

 

 

12 September 2011

 

 

KAZAKHMYS PLC ANNOUNCES THE POSTING OF THE SHAREHOLDER CIRCULAR IN RELATION TO ITS PROPOSED SHARE BUYBACK PROGRAMME

 

Further to the announcement made by Kazakhmys PLC (the "Company") on 25 August 2011, the Company today announces that the shareholder circular relating to, among other things, its proposed $250 million share buyback programme, has been posted to shareholders.

 

The General Meeting is being convened at 9.00 a.m. UK time (4.00 p.m. Hong Kong time) on 26 September 2011 at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ United Kingdom.

 

The shareholder circular including the Notice of General Meeting is available at www.kazakhmys.com. The shareholder circular has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do, as well as The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk/.

 

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.

 


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