KAZ Minerals plans to build a copper smelter near the village of Aktogay in the Abay region. This was announced by Aizhan Balabatyrova, CEO of KAZ Minerals Management. According to her, the project cost will be determined after the selection of a construction contractor. The smelter’s capacity will be 300,000 tons of copper per year.…
As part of his working visit to Pavlodar region, Kazakh Prime Minister Olzhas Bektenov visited KAZ Minerals Bozshakol LLP. He got acquainted with the progress of implementation of the President’s tasks on industrial development, state support measures and the introduction of digital solutions. At the Bozshakol copper mine Olzhas Bektenov surveyed its technological process. Annually,…
KAZ Minerals Bozshakol has decided to expand its central quarry. According to the company specialists, ore reserves at the main deposit amount to around 1 billion tons. This is enough for 40 years of operation. When the quarry is exhausted, its depth will exceed 400 meters. With the expansion of the quarry, the company has…
In January-June, KAZ Minerals increased copper output by 11% YoY, to 200 thousand tons. Copper sales amounted to 223 thousand tons, up by 23 thousand tons. Gold output dropped by 8%, to 78 thousand ounces, while that of silver grew from 1732 thousand ounces to 1978 thousand ounces and zinc – from 19 thousand tons…
In 2022, KAZ Minerals extracted 380 thousand tons of copper, up by 27% YoY. Gold output totaled 171 thousand ounces, up by 2%, mostly due to higher rate of extraction and processing of ore with higher gold content at Bozshakol. The company also produced 3.768 million ounces of silver (+10.3%) and 47 thousand tons of…
In January-June, KAZ Minerals produced 179.9 thousand tons of copper, up by 19.7% YoY. Sales grew by 36.9%, to 187.5 thousand tons. Zinc manufacture fell by 11.9%, to 19.2 thousand tons due to low metal content in ore and low extraction rate. Sales totaled 24.1 thousand tons, up by 9%. KAZ Minerals also produced 84.5…
In January-March, KAZ Minerals decreased copper output by 3% YoY, to 72.4 thousand tons. The company intends to produce 275-295 thousand tons of copper this year. Gold manufacture decreased by 28%, to 39.9 thousand ounces, and silver – from 793 thousand ounces to 763 thousand ounces, while zinc grew from 9 thousand tons to 9.6…
Vladimir Kim and Oleg Novachuk, director and chairman of the board of Kaz Minerals respectively, as well as its largest shareholders, have announced their intention to buy 60.61% of shares at the London Stock Exchange and return the company to private ownership. The shares will be bought via their Nova Resources company at GBP 6.4…