KAZ Minerals PLC Notice of Results (2050E)
February 07 2018 - 7:30AM
UK Regulatory
TIDMKAZ
RNS Number : 2050E
KAZ Minerals PLC
07 February 2018
7 February 2018
NOTICE OF PRELIMINARY RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2017
KAZ Minerals PLC will announce its preliminary results for the
year ended 31 December 2017 on Thursday 22 February 2018 at 7.00am
(UK time).
A presentation for analysts will be held in The Lincoln Centre,
18 Lincoln's Inn Fields, London WC2A 3ED on Thursday 22 February
2018 at 10.30am (UK time).
The presentation for analysts can also be accessed by conference
call on Thursday 22 February 2018 at 10.30am (UK time). The dial-in
details are as follows:
Telephone: +44 (0) 20 3003 2666
Please quote the password: KAZ Minerals
A webcast of the presentation for analysts will also be
available on the KAZ Minerals website (www.kazminerals.com).
For further information please contact:
KAZ Minerals
PLC
==================== ========================== =================
Chris Bucknall Investor Relations, Tel: +44 20 7901
London 7882
Investor Relations, Tel: +44 20 7901
Anna Mallere London 7814
Maksut Zhapabayev Corporate Communications, Tel: +7 727 244
Almaty 03 53
==================== ========================== =================
Instinctif Partners
==================== ========================== =================
Tel: +44 20 7457
David Simonson 2020
==================== ========================== =================
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 operates three mines and three
concentrators in the East Region of Kazakhstan, the Bozymchak
copper-gold mine in Kyrgyzstan, the Bozshakol open pit copper mine
in the Pavlodar region of Kazakhstan and the Aktogay open pit
copper mine in the East Region of Kazakhstan. In 2016, total copper
cathode equivalent output was 140 kt with by-products of 75 kt of
zinc in concentrate, 120 koz of gold bar equivalent and 3,103 koz
of silver bar equivalent.
The Group's major growth projects at Bozshakol and Aktogay 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.
Bozshakol is a first quartile asset on the global cost curve and
will have an annual ore processing capacity of 30 million tonnes
when fully ramped up, with a mine life of 40 years at a copper
grade of 0.36%. The mine and processing facilities will produce 100
kt of copper cathode equivalent and 120 koz of gold in concentrate
per year over the first 10 years of operations.
Aktogay is a large scale, open pit mine similar to Bozshakol,
with a mine life of more than 50 years and average copper grades of
0.37% (oxide) and 0.33% (sulphide). Aktogay commenced production of
copper cathode from oxide ore in December 2015 and copper in
concentrate production from sulphide ore is expected to begin in
the first quarter of 2017. The sulphide concentrator will have an
annual ore processing capacity of 25 million tonnes when fully
ramped up. Aktogay is competitively positioned on the global cost
curve and will produce an average of 90 kt of copper cathode
equivalent from sulphide ore and 15 kt of copper cathode from oxide
ore per year over the first 10 years of operations.
KAZ Minerals is listed on the London Stock Exchange, the
Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and
employs around 13,000 people, principally in Kazakhstan.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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