12th Sep 2011 10:30
12 September 2011
KAZAKHMYS PLC ANNOUNCES THE POSTING OF THE SHAREHOLDER CIRCULAR IN RELATION TO ITS PROPOSED SHARE BUYBACK PROGRAMME
Further to the announcement made by Kazakhmys PLC (the "Company") on 25 August 2011, the Company today announces that the shareholder circular relating to, among other things, its proposed $250 million share buyback programme, has been posted to shareholders.
The General Meeting is being convened at 9.00 a.m. UK time (4.00 p.m. Hong Kong time) on 26 September 2011 at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ United Kingdom.
The shareholder circular including the Notice of General Meeting is available at www.kazakhmys.com. The shareholder circular has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do, as well as The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk/.
For further information please contact:
Kazakhmys PLC | |||
John Smelt | Head of Corporate Communications | Tel: +44 20 7901 7882 Tel: +44 78 7964 2675 | |
Irina Tretyakova | Financial Analyst | Tel: +44 20 7901 7814 | |
Maksut Zhapabayev | Head of Corporate Communications, Almaty | Tel: +77 27 3304 556 | |
Merlin | |||
David Simonson | Tel: +44 20 7726 8400 | ||
Ian Middleton | Tel: +44 20 7726 8400 | ||
Maria Babkina | Tel: +44 20 7726 8400 | ||
Hill & Knowlton Hong Kong |
| ||
K W Lam | Tel: +852 2894 6321 | ||
REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL.
Notes to Editors
Kazakhmys PLC is a leading international natural resources group with significant interests in copper, gold, zinc, silver and power generation.
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 Mining 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 Mining 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 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 Power also operates the captive coal mines and power stations which supply power to the Mining Division.
The Group is part of the FTSE-100 index of companies listed on the London Stock Exchange and is also listed on the Kazakhstan and Hong Kong Stock Exchanges. It had revenues of $3.2 billion in 2010 with Group EBITDA (excluding special items) of $2.8 billion. The Group employs some 61,000 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