5th Feb 2008 07:01
Kazakhmys PLC05 February 2008 5 February 08 KAZAKHMYS PLC ANNOUNCES COMPLETION OF FIRST STAGE OF PRE-EXPORT FINANCE DEBT FACILITY Kazakhmys PLC announces that it is raising a pre-export finance debt facility of US$2.1 billion to be used for general corporate purposes, including theacquisition of the Ekibastuz power plant announced today. The first stage ofraising the 5 year facility, managed by Deutsche Bank, is complete and met withsignificant over-subscription from a diverse range of banks. The facility issubject to finalisation of legal documentation. The Mandated Lead Arrangers are ABN AMRO Bank, Barclays Bank, BNP Paribas,CALYON, Commerzbank, Deutsche Bank, Dresdner Bank, ING Bank, Natixis, SocieteGenerale Corporate & Investment Banking, Sumitomo Mitsui Banking Corporation,The Bank of Tokyo-Mitsubishi UFJ and WestLB. The facility is now in a second phase of syndication to a limited group offurther banks with signing expected in February 2008. Further details will bereleased in due course. For further information please contact: -------------------------------------------------John Smelt, Head of Corporate Communication Tel:+44 20 7901 7882 Mob:+44 787 964 2675Olga Nekrassova, Financial Analyst Tel:+44 20 7901 7814Kazakhmys PLC -------------------------------------------------David Simonson & Tom Randell (English language)Leonid Fink & Anastasia Ivanova (Russian language)Merlin Tel:+44 20 7653 6620 - ends - Notes to Editors Kazakhmys PLC is the largest copper producer in Kazakhstan and one of theleading copper producers in the world. Kazakhmys is a fully integrated copperproducer from mining ore through to the production of finished copper cathodeand rod. The Group produces significant volumes of other metals as by-products,including zinc, silver and gold. Existing operations include 20 open pit andunderground mines, 9 concentrators, two copper smelting and refining complexes,a copper rod plant, a zinc plant and a precious metals refinery. Production isbacked by a captive power supply and significant rail infrastructure. Kazakhmysalso owns MKM, a copper products fabrication company in Germany, and has Goldand Petroleum Divisions with assets in Kazakhstan and Central Asia. The Group'sstrategic aim is to diversify and participate in the development of thesignificant natural resource opportunities in Central Asia. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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