26th Feb 2009 07:00
26 February 2009
KAZAKHMYS PLC NOTICE OF TRADING UPDATE & PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008
Kazakhmys PLC (the "Company") will announce its Trading Update for the year ended 31 December 2008 on Thursday 5 March 2009 at 7.00am London time.
The statement will provide operational and financial results for its managed businesses. The statement will exclude the contribution from ENRC PLC, in which Kazakhmys has a 26% holding.
ENRC is reporting its annual results later in March and on 31 March, Kazakhmys will release a consolidated Preliminary Results statement including equity accounted earnings from ENRC.
A presentation for analysts will be held in the Auditorium at the offices of JPMorgan Cazenove, 20 Moorgate, London EC2 at 9.30am on Thursday 5 March 2009.
For further information please contact:
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 |
Tel: +44 20 7901 7882 Tel: +44 78 7964 2675 |
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Olga Nekrassova |
Financial Analyst |
Tel: +44 20 7901 7814 |
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Zulfira Mukhamediyarova |
Senior Manager - Media |
Tel: +77 27 266 317 |
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Merlin |
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David Simonson |
Tel: +44 20 7653 6620 |
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Tom Randell |
Tel: +44 20 7653 6620 |
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Leonid Fink |
Tel: +44 20 7653 6620 |
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Notes to Editors
Kazakhmys PLC is a leading international natural resources group, listed in the UK and Kazakhstan, 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 20 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 2008 from own ore was 343 thousand tonnes. Production is backed by a captive power supply and significant rail infrastructure. 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.
Kazakhmys Copper produces significant volumes of other metals, including zinc, silver and gold. In 2008, it produced 48 thousand tonnes of zinc metal and 137 thousand tonnes of zinc concentrate. Kazakhmys is the fourth largest silver producer in the world (17 million ounces produced in 2008).
Kazakhmys Gold, which acquired Eurasia Gold Inc in July 2007, includes substantial new development and exploration opportunities. In total the Group produced 179 thousand ounces of gold in 2008 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 20% of the power plant's fuel requirements producing over 3.6 million tonnes of coal in 2008.
Kazakhmys Petroleum owns the East Akzhar exploration block, with an area of 602km², located on the eastern fringe of the Caspian depression.
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 $5.3 billion in 2007 with EBITDA of $2.3 billion. The Group employs approximately 65,000 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