23rd Dec 2005 07:00
Kazakhmys PLC23 December 2005 23 December 2005 Kazakhmys PLC - Subsidiary Dividend Kazakhmys PLC announces that at the recent annual general meeting of its c. 98.7per cent subsidiary Kazakhmys Corporation LLC, a gross dividend of KazakhmysCorporation LLC in respect of the financial year ending 31 December 2005 ofapproximately US$175 million (at the current exchange rate) was approved andwill be paid in due course. In accordance with the Company's stated dividend policy, the Board of Directorsof Kazakhmys PLC will declare a full year dividend in respect of the financialyear ending 31 December 2005 during the first half of 2006. An announcement tothat effect will be made at that time. Dividends declared by KazakhmysCorporation LLC neither represent nor predetermine the level of dividends to bedeclared by Kazakhmys PLC For further information please contact: Jinsoo Yang, Head of IR Tel: +44 20 8636 7900Sergei Stephantsov, Deputy Head of IRKazakhmys PLC Morgan Bone Tel: +44 20 7251 3801Robin WalkerFinsbury Notes to Editor The Group's principal business is the mining, processing, smelting, refining andsale of copper and copper products, including copper cathode and copper rod, andis carried on by the Company's main subsidiary Kazakhmys Corporation LLC("Kazakhmys"). Based on 2004 production, the Group is the 10th largest producerof copper cathode and mined copper in the world. The Group's operations arevertically integrated. Kazakhmys operates 16 open pit and underground mines andtwo smelting and refining complexes in the Republic of Kazakhstan. Kazakhmysalso owns significant rail infrastructure in Kazakhstan and MKM, a copperproducts fabrication company in Germany. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.L