25th Feb 2011 11:00
25 February 2011
KAZAKHMYS PLC ANNOUNCES NOTICE OF TRADING UPDATE & PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010
Kazakhmys PLC will announce its Trading Update for the year ended 31 December 2010 on Thursday 3 March 2011 at 7.00am (London time).
The Trading Update will provide operational and financial results for the Group's managed businesses but will not include the contribution from ENRC PLC, in which Kazakhmys holds a 26% interest.
ENRC PLC is scheduled to announce its annual results on Wednesday 23 March 2011 and, on Tuesday 29 March 2011, Kazakhmys will release a consolidated Preliminary Results announcement including equity accounted earnings from ENRC PLC.
A presentation for analysts will be held in the Library at J.P. Morgan, 60 Victoria Embankment, London EC4Y 0JP at 9.00am (London time) on Thursday 3 March 2011.
For further information please contact:
Kazakhmys PLC | ||
John Smelt | Head of Corporate Communications | Tel: +44 20 7901 7882 Tel: +44 78 7964 2675 |
Irene Burton | Financial Analyst | Tel: +44 20 7901 7814 |
Zulfira Mukhamediyarovа | Senior Manager - Media Relations | Tel: +77 27 266 3317 |
Merlin | ||
David Simonson | Tel: +44 20 7726 8400 | |
Ian Middleton | Tel: +44 20 7726 8400 | |
Fiona Crosswell | Tel: +44 20 7726 8400 |
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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 worldwide with 17 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 2010 from own ore was 303 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 2010, it produced 167 thousand tonnes of zinc in concentrate. The Group is in the top ten largest silver producers in the world (14 million ounces produced in 2010).
Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes new development and exploration opportunities. Kazakhmys Gold has measured and indicated gold equivalent resources of 2.5 million ounces. The Group produced 170 thousand ounces of gold in 2010.
Kazakhmys Power has a 50% interest in the coal fired Ekibastuz GRES-1 plant, the largest in Kazakhstan with a nameplate capacity of 4,000 MW.
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.
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 $3.7 billion in 2009 with EBITDA of $1.6 billion. The Group employs some 62,000 people, principally in Kazakhstan. The Group's strategic aim is to optimise its current operations, deliver its major growth projects and to diversify and participate in the development of the significant natural resource opportunities in Central Asia.
Related Shares:
KAZ.L