29th Jan 2010 11:18
29 January 2010
KAZAKHMYS PLC ANNOUNCEMENT REGARDING SHARE PLEDGES
In January 2009, Kazakhmys PLC ("Kazakhmys" or the "Company") announced that Oleg Novachuk, Chief Executive of Kazakhmys, had pledged 29,706,848 shares in the Company to support loans. The number of shares pledged has now been reduced to 22,439,720. This represents approximately 4% of the total shares in issue.
For further information please contact:
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Kazakhmys PLC
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John Smelt
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Head of Corporate Communications
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Tel: +44 20 7901 7882
Tel: +44 78 7964 2675
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Irene Burton
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Financial Analyst
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Tel: +44 20 7901 7814
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Merlin
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David Simonson
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Tel: +44 20 7653 6620
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Tom Randell
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Tel: +44 20 7653 6620
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Leonid Fink
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Tel: +44 20 7653 6620
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Notes to Editors
Kazakhmys PLC is a leading international natural resources group 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 15 operating mines, 10 concentrators and 2 copper smelters. Kazakhmys Copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod. Total copper cathode equivalent produced in 2009 from own ore was 320 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure.
Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2009, it produced 150 thousand tonnes of zinc in concentrate. The Group is the fourth largest silver producer in the world (17 million ounces produced in 2009).
Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. The Group produced 180 thousand ounces of gold in 2009 and has measured and indicated resources of 2.3 million ounces.
Kazakhmys Power owns the 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 a quarter of the power plant's fuel requirements producing over 3.7 million tonnes of coal in 2009.
Kazakhmys Petroleum is continuing its work programme at the East Akzhar exploration block, located on the eastern fringe of the Caspian depression, which was acquired in April 2007.
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.
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 $5.2 billion in 2008 with EBITDA of $2.0 billion. The Group employs some 67,000 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