TIDMKAZ

RNS Number : 6903I

KAZ Minerals PLC

27 March 2015

27 March 2015

SMELTER SCOPING STUDY

KAZ Minerals PLC announces that it has signed an agreement with Baiyin Nonferrous Group Co., Ltd. ("Baiyin") to jointly perform a scoping study on the construction of a copper smelter in Kazakhstan. The smelter would process copper concentrate from the Bozshakol and Aktogay mines.

Following the scoping study any decision to proceed with the construction of a smelter will be subject to further technical and economic evaluation and the availability of suitable financing.

For further information please contact:

 
 KAZ Minerals 
  PLC 
====================  ============================  ===================== 
 Chris Bucknall        Investor Relations,               Tel: +44 20 7901 
                        London                                       7882 
                       Corporate Communications,         Tel: +44 20 7901 
 Maria Babkina         London                                        7849 
                                                         Tel: +44 20 7901 
 Irene Burton          Financial Analyst, London                     7814 
 Maksut Zhapabayev     Corporate Communications,          Tel: +7 727 244 
                       Almaty                                       03 53 
====================  ============================  ===================== 
 Instinctif Partners 
====================  ============================  ===================== 
                                                         Tel: +44 20 7457 
 David Simonson                                                      2020 
                                                         Tel: +44 20 7457 
 Anca Spiridon                                                       2020 
====================  ============================  ===================== 
 Hill & Knowlton 
  Hong Kong 
======================  ==========================  ===================== 
                                                           Tel: +852 2894 
 K W Lam                                                    6321 
====================  ============================  =====================

REGISTERED OFFICE

6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

NOTES TO EDITORS

KAZ Minerals PLC("KAZ Minerals" or "the Group") is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. It is a leading copper producer in Kazakhstan with five operating mines and four concentrators. In 2014, total copper cathode output from continuing operations was 84 kt. The Group's continuing operations also produced 121 kt of zinc in concentrate, 3,435 koz of silver and 35 koz of gold in 2014.

The Group has two major copper projects under construction, Bozshakol and Aktogay, and a third, Koksay, at scoping stage. These projects are expected to deliver one of the highest growth rates in the industry and transform KAZ Minerals into a company dominated by world class open pit copper mines.

KAZ Minerals PLC is listed on the London Stock Exchange, the Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and employs around 10,000 people, principally in Kazakhstan.

Baiyin was founded in 1954 and is a resources extraction and processing enterprise of significant scale based in the Gansu Province, West China, with two key major shareholders being the CITIC Group and the Gansu Provincial Government. Baiyin has developed and owns certain proprietary smelting technologies, and operates facilities involved in the processing of copper, lead, zinc, nickel, silver, platinum and gold. Baiyin is also a registered participant on the London Metal Exchange in the trading of zinc and lead. Baiyin's international footprints mainly include gold mining operations and projects in South Africa and a copper tailings retreatment project in Peru, currently under construction.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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