7th Aug 2014 15:00
7 August 2014
NOTICE OF HALF-YEARLY RESULTS
FOR THE PERIOD ENDED 30 JUNE 2014
Kazakhmys PLC will announce its half-yearly results for the six months ended 30 June 2014 on Thursday 21 August 2014 at 7.00am (UK time).
A presentation for analysts will be held in the Theatre at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS at 9.15am (UK time).
The presentation for analysts can also be accessed by conference call at 9.15am (UK time). The dial-in details are as follows:
Telephone: +44(0)20 3003 2666
Please quote the password: Kazakhmys
A webcast of the presentation for analysts will also be available on the Kazakhmys website
(www.kazakhmys.com).
For further information please contact:
Kazakhmys PLC | |||
John Smelt | Corporate Communications, London | Tel: +44 20 7901 7882 | |
Maria Babkina | Corporate Communications, London | Tel: +44 20 7901 7849 | |
Irene Burton | Financial Analyst, London | Tel: +44 20 7901 7814 | |
Maksut Zhapabayev | Corporate Communications, Almaty | Tel: +77 27 3304 556 | |
Instinctif Partners | |||
David Simonson | Tel: +44 20 7457 2031 | ||
Anca Spiridon | Tel: +44 20 7457 2842 | ||
Hill & Knowlton Hong Kong |
| ||
K W Lam | Tel: +852 2894 6321 | ||
REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.
Notes to Editors
Kazakhmys PLC is a leading international natural resources group. It is the largest copper producer in Kazakhstan and one of the top worldwide with 16 operating mines, 7 concentrators and a copper smelter. Kazakhmys Mining has a full range of facilities enabling it to process ore extracted through to finished metal. Total copper cathode equivalent output from own ore was 294 kt in 2013. The Group has two major copper projects under construction.
Kazakhmys Mining produces significant volumes of other metals, including zinc, silver and gold. In 2013, it produced 134 kt of zinc in concentrate. The Group is amongst the largest global silver producers with output of 14 Moz in 2013.
Kazakhmys Power operates three captive power stations which supply electricity to Kazakhmys Mining and third parties. In 2013, net power generated by captive power stations was 5,723 GWh.
The Group is listed on the London Stock Exchange, the Kazakhstan Stock Exchange and the Hong Kong Stock Exchange. It had revenues from continuing operations of $3.1 billion in 2013 and a Group EBITDA of $1.1 billion. The Group employs around 53,000 people, principally in Kazakhstan.
Proposed Group Restructuring
In February 2014, the Group announced plans for a potential restructuring of its business in order to improve profitability and cash returns.
On 23 July 2014, Kazakhmys made a further announcement on its proposed restructuring, having entered into an agreement to transfer certain mature assets in the Zhezkazgan and Central Regions, to Cuprum Netherlands Holding B.V., a company owned by Vladimir Kim and Eduard Ogay. The transaction is subject to certain consents, approvals and conditions, including the approval of independent shareholders. On 23 July 2014, the shareholder circular including notice of general meeting to be held on 15 August 2014 was published.
Following completion of the transaction, the Group will continue to own the mining and producing assets in the East Region and the Bozymchak mine in Kyrgyzstan, as well as the major growth projects at Bozshakol, Aktogay and Koksay. It is proposed the Company be renamed KAZ Minerals PLC following completion.
Related Shares:
KAZ.L