as lse kaz sehk 847 industry mining founded 1930 headquarters almaty kazakhstan key people simon heale chairman oleg novachuk ceo products copper zinc silver gold revenue 665 million 2015 1 operating income 90 million 2015 1 net income 12 million 2015 1 website www.kazminerals.com kaz minerals is a copper company focused on large scale low cost open pit mining in kazakhstan . the group is listed in london kazakhstan and hong kong stock exchanges . the company operates 4 underground mines and 3 concentrators in the east region one open pit mine at bozymchak kyrgyzstan and is developing two major growth projects aktogay and bozshakol with the third koksay at scoping stage . kaz minerals was created after the completion of the restructuring of kazakhmys plc. the company is listed on the london stock exchange and it is a constituent of the ftse 250 index . contents 1 history 2 operations 2.1 east region 2.2 bozymchak kyrgyzstan 2.3 growth projects 3 production 4 revenue and employees 5 management 6 see also 7 references 8 external links history edit in 1930 kazakhmys operations began at the balkhash copper smelting complex in kazakhstan . in 1971 smelting operations commenced at the zhezkazgan complex . the government of kazakhstan forms the company entitled ojsc zhezgazgantsvetmet in 1992 . from 1992 to 2002 a series of privatisations reduce the government s holding from 100 % to 0 % . samsung corporation of korea took over management of the company in june 1995 . in 1996 samsung acquired a 40 % stake and subsequently sold it . kazakhmys was listed on the london stock exchange in october 2005 at 540 pence per share joining the broad range of international mining companies listed in london . 2 in january 2010 kazakhmys announced the first of two facilities totalling 4.2 billion from the china development bank corporation to support growth projects . 3 in february 2010 the company completed the sale of a 50 % stake in its ekibastuz gres 1 power plant to the national welfare fund samruk kazyna jsc for 681 million . this was originally set out at the time of purchase in may 2008 . 4 on 11 november 2013 the company announced the sale of its stake in enrc . following the transaction which included the offer of certain kazakhmys shares to enrc shareholders kazakhmys becomes a majority free float company for the first time . 5 on 7 january 2014 the group approved the disposal of its 50 % stake in the ekibastuz gres 1 power station to become a focused pure play copper mining company . 6 on 15 august 2014 the independent shareholders vote to approve the group restructuring . kazakhmys plc disposed of a number of mature assets primarily in the zhezkazgan and central regions to cuprum holding a company whose principal shareholder is vladimir kim . on completion kazakhmys plc was renamed kaz minerals plc. 7 following the completion of a major restructuring on 31 october 2014 which included the disposal of mining smelting and power assets in the zhezkazgan and central regions the group became a high growth copper company focused on large scale low cost open pit mining in kazakhstan . the company was renamed kaz minerals plc . 8 9 on 23 july 2014 the group announced that it had entered into a definitive agreement to transfer certain of its mature assets in the zhezkazgan and central regions of kazakhstan to cuprum holding b.v. 8 on 15 august 2014 shareholders approved a major restructuring of the group . all outstanding conditions to the restructuring were satisfied on 31 october 2014 with economic separation effective from 1 august 2014 . 10 operations edit kaz minerals is focused on copper production but also produces and sells significant quantities of zinc silver and gold as by products . in 2013 prior to the group restructuring the company produced 294 kt of copper cathode equivalent from own material 108 koz of gold 14 348 koz of silver and 134 kt of zinc in concentrate . 11 in 2014 the operating assets in the east region and bozymchak produced 83.5 kt of copper cathode 121 kt of zinc in concentrate 3 435 koz of silver and 35 koz of gold . 1 12 the group operates the following assets east region four underground mines orlovsky mine irtyshsky mine yubileyno snegirikhinsky mine artemyevsky mine 3 concentrators orlovsky concentrator belousovsky concentrator nikolayevsky concentrator kyrgyzstan bozymchak growth projects aktogay bozshakol koksay east region edit east region has the following assets four underground mines orlovsky irtyshsky yubileyno snegirikhinsky and artemyevsky three concentrators orlovsky belousovsky and nikolayevsky . in the 2014 the east region mined approximately 4.2 mt of ore at a copper grade of 2.48 % and produced 89.2 kt of copper in concentrate . 13 bozymchak kyrgyzstan edit bozymchak is located in ala bukinsky region jalal abad kyrgyzstan . bozymchak is expected to have an average annual output of 6 kt of copper in concentrate and 28 koz of gold bar over the life of the mine . 14 growth projects edit the group is developing 2 growth projects aktogay and bozshakol projects with third koksay at scoping stage . 8 bozshakol is the group s major growth project ; it is located in pavlodar region kazakhstan . mineral resources are 1 170 mt of ore with 4.2 mt of contained copper at an average grade of 0.36 % . 15 aktogay is the group s second largest project located in eastern kazakhstan . mineral resources are 1 597 mt of sulphide ore at 0.33 % copper grade and 121 mt of oxide ore at 0.37 % copper grade . 16 koksay is located in south eastern kazakhstan around 234 kilometres from almaty and is close to existing infrastructure . it contains measured and indicated mineral resource of 701 mt with a copper grade of 0.44 % . 17 production edit kaz minerals is focused on copper production . in 2014 the operating assets produced 83.5 of copper cathode . 18 kaz minerals also produces significant quantities of zinc silver and gold as by products . in 2014 the operating assets produced 35 koz of gold 3 453 koz of silver and 121 kt of zinc in concentrate . 13 19 in 2015 producing assets are expected to produce between 80 85 kt of copper cathode between 90 95 kt of zinc in concentrate between 42 47 koz of gold bar and between 2 250 2 500 kox of silver granule 1 20 revenue and employees edit in 2014 east region generated sales revenue of approximately 846 million with ebitda excluding special items of 355 . 1 21 22 kaz minerals employees around 10 000 people principally in kazakhstan . 8 23 management edit simon heale non executive chairman oleg novachuk chief executive officer 7 andrew southam chief financial officer 7 24 see also edit bozshakol aktogay koksay bozymchak references edit a b c d e f annual report 2015 . kaz minerals . retrieved 9 april 2016 . kazakhmys prices london ipo toward upper end . market watch . 7 october 2005 . retrieved 22 march 2015 . kazakhstan s leading copper producer posts half year results . the times of central asia . 5 september 2013 . retrieved 22 march 2015 . kazakhmys to sell 50 % of ekibastuz gres 1 plant for 681 million . advfn . 9 december 2013 . retrieved 22 march 2015 . kazakhmys sells enrc stake . the telegraph . 4 october 2013 . retrieved 22 march 2015 . proposed sale of remaining 50 per cent . of the issued share capital of ekibastuz llp and 100 per cent . of the issued share capital of kazhydro to samruk energo . kazakhmys . 9 december 2013 . retrieved 22 march 2015 . a b c kazakhmys announces completion of restructuring . london stock exchange . retrieved 2014 12 12 . a b c d kazakhmys completes restructuring changes name to kaz minerals . bloomberg . retrieved 2014 12 12 . copper miner kazakhmys restructuring over now called kaz minerals . reuters . retrieved 2014 12 12 . kazakhmys is now kaz minerals as miner splits fastft market moving news and views 24 hours a day . ft.com . retrieved 2014 12 12 . annual report 2013 pdf pages 30 31 . kaz minerals plc our business mining . kazminerals.com . retrieved 2014 12 12 . a b kaz minerals plc our business mining east region . kazminerals.com . retrieved 2014 12 12 . kaz minerals annual report 2014 . page . 48 . kaz minerals annual report 2014 . kaz minerals annual report 2014 page . 43 . kaz minerals annual report 2014 p. 48 . kaz minerals plc our business production summary . kazminerals.com . retrieved 2015 04 10 . audited results for year ended 31 december 2014 . london stock exchange . retrieved 2015 04 10 . kaz minerals plc about us facts & figures . kazminerals.com . retrieved 2015 04 10 . results & reports page preliminary results 2014 lse kaz kaz minerals plc audited results for year ended 31 december 2014 . iii.co.uk . retrieved 2015 04 10 . kaz minerals plc about us why kazakhstan . kazminerals.com . retrieved 2014 12 12 . kaz minerals plc about us management overview . kazminerals.com . retrieved 2014 12 12 . external links edit kaz minerals official website www.kazminerals.com v t e index kase bank centercredit halyk bank kaz minerals kazakhtelecom kazmunaigas ep kaztransoil kcell kegoc v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens joinery hunting ibstock icap ig group holdings imi inchcape indivior inmarsat intermediate capital group international personal finance international public partnerships investec ip group jardine lloyd thompson jd sports john laing group john laing infrastructure fund jpmorgan american investment trust jpmorgan emerging markets investment trust jpmorgan indian investment trust jrp group jupiter fund management just eat kaz minerals keller kennedy wilson europe real estate kier group ladbrokes laird lancashire holdings londonmetric property man group marshalls marston s mccarthy & stone meggitt mercantile investment trust metro bank millennium & copthorne hotels mitchells & butlers mitie moneysupermarket.com group monks investment trust morgan advanced materials murray international trust national express group nb global ncc nmc health ocado group onesavings bank p2p global investments pagegroup paragon group of companies paypoint paysafe pennon group perpetual income & growth investment trust personal assets trust petrofac pets at home phoenix group holdings playtech polar capital technology trust polypipe premier farnell pz cussons qinetiq rank group rathbone brothers redefine international