13th May 2008 15:41
13 May 2008
KAZAKHMYS PLCEND OF OFFER PERIOD
Kazakhmys PLC ("Kazakhmys") notes the announcement today by Eurasian Natural Resources Corporation plc that it does not intend to make an offer in accordance with Rule 2.5 of the Takeover Code for Kazakhmys.
The board of Kazakhmys is pleased that this period of uncertainty has come to an end.
The board of Kazakhmys confirms its intention to continue its stated strategy of delivering its existing major growth projects and building a leading diversified natural resources business in Kazakhstan and the Central Asian region.
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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Olga Nekrassova
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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 the largest copper producer in Kazakhstan and one of the leading copper producers in the world. Kazakhmys is a fully integrated copper producer from mining ore through to the production of finished copper cathode and rod. The Group produces significant volumes of other metals as by-products, including zinc, silver and gold. Existing operations include 20 open pit and underground mines, 10 concentrators, two copper smelting and refining complexes, a copper rod plant, a zinc plant and a precious metals refinery. Production is backed by a captive power supply and significant rail infrastructure. Kazakhmys also owns MKM, a copper products fabrication company in Germany, and has Gold and Petroleum Divisions with assets in Kazakhstan and other parts of Central Asia. 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.LENRC.L