12th Dec 2007 11:37
Kazakhmys PLC12 December 2007 12 December 2007 Kazakhmys PLC Update on ENRC Holding Kazakhmys PLC ('Kazakhmys') announces that following the listing of EurasianNatural Resources Corporation PLC ('ENRC'), on the main board of the LondonStock Exchange, Kazakhmys' 187,836,250 shares in ENRC represent 14.6% of theissued share capital of ENRC, taking into account the full exercise of theover-allotment option. At the closing price on 12 December 2007 of 608 pence per ENRC share, Kazakhmys'holding in ENRC is worth approximately $2,323 million, which represents a valueof 247 pence per Kazakhmys share in issue*. The purchase of Kazakhmys' holdingin ENRC was completed on 26 October 2007 for approximately $810 million. (*Kazakhmys shares in issue at 12 December of 461,648,288) - ends - For further information please contact: John Smelt, Head of Corporate Communication Tel:+44 20 7901 7882 Mob:+44 787 964 2675 Sergei Stephantsov, Investor Relations Manager Tel:+44 20 7901 7814Kazakhmys PLC David Simonson & Tom Randell (English language)Leonid Fink & Anastasia Ivanova (Russian language)Merlin Tel:+44 20 7653 6620 Notes to Editors Kazakhmys PLC Kazakhmys PLC is the largest copper producer in Kazakhstan and one of theleading copper producers in the world. Kazakhmys is a fully integrated copperproducer from mining ore through to the production of finished copper cathodeand rod. The Group produces significant volumes of other metals as by-products,including zinc, silver and gold. Existing operations include 19 open pit andunderground mines, 8 concentrators, two copper smelting and refining complexes,a copper rod plant, a zinc plant and a precious metals refinery. Production isbacked by a captive power supply and significant rail infrastructure. Kazakhmysalso owns MKM, a copper products fabrication company in Germany, and has Goldand Petroleum Divisions with assets in Kazakhstan and Central Asia. The Group'sstrategic aim is to diversify and participate in the development of thesignificant natural resource opportunities in Central Asia. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.LENRC.L