21st Jan 2009 14:31
21 January 2009
KAZAKHMYS PLC ANNOUNCEMENT REGARDING SHARE PLEDGES
In response to the recent clarification on the disclosure obligations published by the Financial Services Authority in January 2009, Kazakhmys PLC ("Kazakhmys" or the "Company") announces that Vladimir Kim, Chairman of Kazakhmys, has pledged 19,541,813 shares in the Company and Oleg Novachuk, Chief Executive of Kazakhmys, has pledged 29,706,848 shares in the Company to support loans. This represents less than 20% of shares held by management and 9% of total shares outstanding.
The Company will continue to report in accordance with the new clarification.
For further information please contact:
|
Kazakhmys PLC
|
|
|
|
John Smelt
|
Head of Corporate Communications
|
Tel: +44 20 7901 7882
Tel: +44 78 7964 2675
|
|
Olga Nekrassova
|
Financial Analyst
|
Tel: +44 20 7901 7814
|
|
Merlin
|
|
|
|
David Simonson
|
|
Tel: +44 20 7653 6620
|
|
Tom Randell
|
|
Tel: +44 20 7653 6620
|
|
Leonid Fink
|
|
Tel: +44 20 7653 6620
|
- ends -
Notes to Editors
Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, 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 ten worldwide with 20 mines, 10 concentrators and 2 smelters. Kazakhmys copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode produced in 2007 from own ore was 341 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure. Kazakhmys also owns MKM, an upstream copper products fabrication company in Germany, which produces a range of pre- and semi-finished copper and copper alloy products.
Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2007, it produced 45 thousand tonnes of zinc metal and 133 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (19 million ounces produced in 2007). Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 146 thousand ounces of gold in 2007 and has measured and indicated resources of 2.3 million ounces.
Kazakhmys Power owns the recently acquired coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW. In addition, it owns the Maikuben open cast coal mine, supplying around 20% of the power plant's fuel requirements producing over 3.4 million tonnes of coal in 2007.
Kazakhmys Petroleum has acquired the East Akzhar exploration block, with an area of 602km², located on the eastern fringe of the Caspian depression.
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 $5.3 billion in 2007 with EBITDA of $2.3 billion. The Group employs some 65,000 people, principally in Kazakhstan. The Group's strategic aim is to diversify and participate in the development of the significant natural resource opportunities in Central Asia.
Related Shares:
KAZ.L