TIDMKAZ
RNS Number : 5242S
Kazakhmys PLC
19 May 2009
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19 May 2009
KAZAKHMYS PLC ANNOUNCES DIRECTOR SURRENDER OF OPTIONS
This notification is made in accordance with DTR 3.1.4R(1)(a).
On 15 May 2009, David Munro, an executive director of Kazakhmys, elected to
surrender the option over 1,044,613 ordinary shares of 20 pence each, granted to
him by the Company on 3 April 2009. The deed of surrender was entered into for
nil consideration.
A revised remuneration plan for David Munro is in preparation. David continues
to hold 41,211 shares in the Company.
For further information please contact:
+------------------------+--------------------------------------+------------------------+
| Kazakhmys PLC | | |
+------------------------+--------------------------------------+------------------------+
| John Smelt | Head of Corporate Communications | Tel: +44 20 7901 7882 |
| | | Tel: +44 78 7964 2675 |
+------------------------+--------------------------------------+------------------------+
| Irene Burton | Financial Analyst | Tel: +44 20 7901 7814 |
+------------------------+--------------------------------------+------------------------+
| Zulfira Mukhamedyarov? | Senior Manager - Media Relations | Tel: +77 27 266 317 |
+------------------------+--------------------------------------+------------------------+
| Merlin | | |
+------------------------+--------------------------------------+------------------------+
| David Simonson | | Tel: +44 20 7653 6620 |
+------------------------+--------------------------------------+------------------------+
| Tom Randell | | Tel: +44 20 7653 6620 |
+------------------------+--------------------------------------+------------------------+
| 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 smelters. Kazakhmys copper operations are
fully integrated from mining ore through to the production of finished copper
cathode and rod. Total copper cathode 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. 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 recently acquired 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 has acquired 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 $5.2 billion in 2008 with EBITDA of $2.0 billion. The Group employs
some 67,000 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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