18th Nov 2015 13:44
LONDON (Alliance News) - Kazakhstan-focused miner Kaz Minerals PLC on Wednesday said Chief Financial Officer Andrew Southam bought shares in the company on Tuesday.
Southam bought 99,238 shares in Kaz at 80.1991 pence per share, taking his total shareholding to 137,097 shares.
On Tuesday, Kaz reached an agreement with its main construction contractor on the Atkogay project to defer payment of USD300.0 million. Under the revised terms of its agreement with Non Ferrous China, the USD300.0 million in construction costs will had been due to be paid in 2016 and 2017 will now be settled in 2018.
Kaz shares were down 2.3% to 86.6p on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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