Kazakhmys

Kazakhmys is a natural resources company specializedspecializing in copper, gold, zinc, silver, power generation, and petroleum. It is a copper producer in Kazakhstan and runs worldwide with 17seventeen operating mines, 10ten concentrators, and two copper smelters. The company's copper operations are integrated, from mining ore to the production of completed copper cathodes, wires, and rods.

Kazakhmys runs three coal-fired power and heating plants at Karaganda, Balkhash, and Zhezkazgan. In 2010, the overall copper cathode equivalent produced from the company's ore was 303 thousand tons. Kazakhmys produces other metals, like zinc, silver, and gold. In 2010, the company produced 167 thousand tons of zinc in concentrate. On the 26th of February 26, 2010, Kazakhmys sold a 50% percent interest in Ekibastuz GRES-1 to Samruk-Kazyna, and the Companycompany retained a 50% percent interest.

Kazakhmys operates in the field of natural resources, mining, extraction, and processing. The company has three industrial sites, plants, factories, and mines located in Balkhash, Zhezkazgan, and Karaganda. Officially, Kazakhmys was established in 1997, although its mining dates back to 1913, when the operations in Zhezkasgan started.

On the 15th of August 15, 2014, the company's shareholders voted to approve a restructuring of the Groupgroup, and the details were set out in a Circular in July 2014. Outstanding conditions tofor the restructuring of the group were complete on the 31st of October 31, 2014, with economic separation of the Disposal Assets effective from the 1st of August 1, 2014.

The restructuring of mature assets in the Zhezkazgan and Central Regions were transferred to Cuprum Holding, a private company owned by Vladimir Kim and Eduard Ogay. The name Kazakhmys Corporation was retained.

In 2022, Kazakhmys Corporation LLC opted to invest in Sandvik Rock Processing Solutions’ wheeled UJ300 crushing unit for underground copper mining operations. ThecompanyThe company put fiveoffive of the mobile jaw crushers into operation, with extra units on order.

A representative of Sandvik states:stated,

“Kazakhmys was looking for a reliable partner to supply equipment for their underground operation. Key considerations which needed to be taken into account were electrical operation for low operating costs and reduced emissions, high capacity and the ability to be able to transport the equipment and fit it down the mine shaft.”

Kazakhmys owns the Aktogay open-pit copper mine. The copper company is located in the eastern region of Kazakhstan, about 250km from the border with China. The project includes an open-pit mine, and an on-site concentrator to make copper cathode from oxide ore, and copper concentrate from sulphide ore. Additionally, Molybdenum is made as a by-product.

In December 2012, approval for the copper project was issued by the board of Kazakhmys, and construction started in 2013. The Aktogay mining operation started oxide copper cathode production in December 2015, whileand sulphide copper concentrate production began in February 2017.

Commercial production from the concentrator was achieved in October 2017. The $2bn2 billion copper project is expected to have a 28 yeartwenty-eight-year mine life. In December 2017, a $1.2bn1.2 billion expansion was approved for the mine to increase sulphide ore processing capacity from 25Mt to 50Mt. The expansion project commenced production in the second half of 2021 and is expected to increase copper production from sulphide ore to 170,000t between 2022 and 2027 and to 130,000t thereafter.

Kazakhmys launched a 20 yeartwenty-year plan to invest in the modernisationmodernization of its mines and construct others to boost output. As part of the plan, the total amount of investments in fixed assets in the period up to 2040 will be about $6.5 billion. The company also plans to replenish the mineral resource base to run an annual ore production of 35 million tonnes. Its Hadzhikongan mine is expected to reach its design capacity of 0.9 million tonnes in 2023.

Mining and capital works were undertaken to excavate workings to open the deposit. At the mine, ore mining started in the fourth quarter of 2022. It is expected to reach design capacity of 0.6 million tonnes in 2024. There are plans to modernisemodernize the Nurkazgan mine and the processing plant within five years. Specifically, shafts and another section of the factory will be built, and mining and preparatory work will be carried out in the mine's eastern section. The mine will reach a production capacity of 6.5 million tonnes in 2027.

For the Zhezkazgan region, a feasibility study is underway, with options for modernisingmodernizing the concentration plant or building another. The company also resumed the work of the Konyrat mine in the Balkhash region. The mine produces 1.9 million tonnes.

Andrey Gaidin, Deputy Chairman of Kazakhmys Board, said:stated,

In addition, Kazakhmys islaunched a actively20 investingyear plan to invest in the modernisation of existingits mines and the construction ofconstruct new onesothers to boost output. As part of the strategic plan for, the nexttotal 20amount years,of whichinvestments wasin presentedfixed lastassets year,in the large-scaleperiod workup to is2040 alreadywill underwaybe inabout this$6.5 directionbillion. The total amount of investmentscompany inalso fixedplans assetsto inreplenish the periodmineral upresource base to run 2040an annual ore production willof be35 aboutmillion tonnes. $6.5Its billionHadzhikongan mine is expected to reach its design capacity of 0.9 million tonnes in 2023.

The largest copper producer in Kazakhstan is setting itself an ambitious goal of replenishing the mineral resource base to ensure an annual ore production of 35 million tonnes. For example, at the Hadzhikongan mine, work is underway to perform mining and capital overburden. Ore mining is scheduled for October 2022. The mine is expected to reach its design capacity of 0.9 million tonnes in 2023.

Mining and capital works are underway to excavate workings to open the deposit and at the mine, where ore mining will begin in the fourth quarter of 2022. Reaching the design capacity of 0.6 million tonnes is expected in 2024. It is planned to modernise the Nurkazgan mine and the existing processing plant within the next five years. In particular, shafts and a new section of the factory will be built here, mining and preparatory work will be carried out on the Eastern section of the mine. In 2027, the mine will reach a production capacity of 6.5 million tonnes.

New deposits will also be put into operation at the Zhylandinsky mine, which will increase the total production volume to 8 million tonnes in 2038. To process ore, a new processing plant is under construction at the Shatyrkul-Zhaisan cluster in the Balkhash region. The launch is scheduled for 2025, the capacity of the factory will be 1.5 million tonnes.

Mining and capital works were undertaken to excavate workings to open the deposit. At the mine, ore mining started in the fourth quarter of 2022. It is expected to reach design capacity of 0.6 million tonnes in 2024. There are plans to modernise the Nurkazgan mine and the processing plant within five years. Specifically, shafts and another section of the factory will be built, and mining and preparatory work will be carried out in the mine's eastern section. The mine will reach a production capacity of 6.5 million tonnes in 2027.

For the Zhezkazgan region, a feasibility study is being worked out with options for modernising the existing concentration plant or building a new one. In addition, the company was able to resume the work of the Konyrat mine in the Balkhash region. The mine produces 1.9 million tonnes. In 2020, Kazakhmys produced 279 tonnes of silver or 51 percent of the metal produced in Central Asia. This helped Kazakhstan to become the 11th producer of silver in the world.

Deposits will be put into operation at the Zhylandinsky mine, increasing the overall production volume to 8 million tonnes in 2038. To process ore, a processing plant is being constructed at the Shatyrkul-Zhaisan cluster in the Balkhash region. The release is scheduled for 2025, and the capacity of the factory will be 1.5 million tonnes.

For the Zhezkazgan region, a feasibility study is underway, with options for modernising the concentration plant or building another. The company also resumed the work of the Konyrat mine in the Balkhash region. The mine produces 1.9 million tonnes.

AZ Minerals (previously known as Kazakhmys) owns the Aktogay open-pit copper mine. ItThe copper company is the largest copper producer in Kazakhstan, located in the eastern region of Kazakhstan, approximatelyabout 250km from the border with China. The project comprises ofincludes an open-pit mine, and an on-site concentrator to producemake copper cathode from oxide ore, and copper concentrate from the sulphide ore. Additionally, Molybdenum is also being producedmade as a by-product.

Approval for the copper project was issued by the board of Kazakhmys in December 2012 and construction works began in 2013. The Aktogay mining operation began oxide copper cathode production in December 2015, and sulphide copper concentrate production in February 2017.

Commercial production from the Aktogay sulphide concentrator was achieved in October 2017. The $2bn copper project is anticipated to have a mine life of 28 years. A $1.2bn expansion project was approved for the mine in December 2017 to double sulphide ore processing capacity from 25Mt to 50Mt. The expansion project is anticipated to commence production in the second half of 2021 and will increase copper production from sulphide ore to 170,000t between 2022 and 2027 and to 130,000t thereafter.

Kazakhstan’s major mining group, Kazakhmys, reported an annual rise in the exploration of ore and production of gold, silver and copper in the first 10 months of the year. Kazakhmys has key assets concentrated in mining and non-ferrous metallurgy. It is the world’s 20th largest producer of copper in concentrate and the 12th largest producer of blister and cathode copper. The company said it had produced 180,000 tonnes of cathode copper in January-October this year, up from the projected 123,800 tonnes.

In December 2012, approval for the copper project was issued by the board of Kazakhmys, and construction started in 2013. The Aktogay mining operation started oxide copper cathode production in December 2015, while sulphide copper concentrate production began in February 2017.

Commercial production from the concentrator was achieved in October 2017. The $2bn copper project is expected to have a 28 year mine life. In December 2017, a $1.2bn expansion was approved for the mine to increase sulphide ore processing capacity from 25Mt to 50Mt. The expansion project commenced production in the second half of 2021 and is expected to increase copper production from sulphide ore to 170,000t between 2022 and 2027 and to 130,000t thereafter.

“We plan to exceed all projected indicators this year,” Andrey Gaidin, Deputy Chairman of Kazakhmys Board, said. “The main driver of copper demand growth will be the global transition to a green economy, which means a choice in favour of using renewable energy sources and electric vehicles,” Gaidin said.

Andrey Gaidin, Deputy Chairman of Kazakhmys Board, said:

“We plan to exceed all projected indicators this year. The main driver of copper demand growth will be the global transition to a green economy, which means a choice in favour of using renewable energy sources and electric vehicles.”

Kazakhmys PLC is a natural resources company with interestsspecialized in copper, gold, zinc, silver, power generation and petroleum. It is thea copper producer in Kazakhstan and runs worldwide with 17 operating mines, 10 concentrators and two copper smelters. KazakhmysThe company's Coppercopper operations are fully integrated, from mining ore through to the production of finishedcompleted copper cathodecathodes, wires and rodrods.

Kazakhmys Copper operatesruns three coal-fired power and heating plants at Karaganda, Balkhash and Zhezkazgan. DuringIn 2010, the year ended December 31, 2010, totaloverall copper cathode equivalent produced from the Companycompany's own ore was 303 thousand tons. Kazakhmys Copper produces volumes of other metals, includinglike zinc, silver and gold. DuringIn 2010, the Companycompany produced 167 thousand tons of zinc in concentrate. On the 26th of February 26, 2010, it completed theKazakhmys sale ofsold a 50% interest in Ekibastuz GRES-1 to Samruk-Kazyna, withand the Company retainingretained a 50% interest. Read Less

Kazakhmys is the largest copper producer in Kazakhstan, and leading international companyoperates in the field of natural resources, mining, extraction and processing. Employing more than 24,000The peoplecompany over theirhas three industrial sites, they have plants, factories and mines located in Balkhash, Zhezkazgan and Karaganda. TheOfficially, companyKazakhmys was officially formedestablished in 1997, although its mining dates back over a century ago to 1913 when the first operations in Zhezkasgan began. Kazakhmys mine a variety of ores, including gold, silver and coal, as well as copper, throughout their three sites. Their copper operations are fully integrated right from mining the ore through to the production of finished copper cathodes, rods and wirestarted.

On 15the 15th of August 2014, the company's shareholders of Kazakhmys PLC voted to approve a restructuring of the Group, and the details of which were set out in a Circular sent to shareholders in July 2014. All outstandingOutstanding conditions to the restructuring of the group were satisfiedcomplete on 31the 31st of October 2014, with economic separation of the Disposal Assets effective from 1the 1st of August 2014. Following completion of the restructuring mature assets in the Zhezkazgan and Central Regions were transferred to Cuprum Holding, a private company owned by Vladimir Kim and Eduard Ogay, and retained the name Kazakhmys Corporation.

The restructuring mature assets in the Zhezkazgan and Central Regions were transferred to Cuprum Holding, a private company owned by Vladimir Kim and Eduard Ogay. The name Kazakhmys Corporation was retained.

In 2022, Kazakhmys Corporation LLC in Kazakhstan opted to invest in Sandvik Rock Processing Solutions’ wheeled UJ300 crushing unit for its underground copper mining operations. And according to Sandvik they were so impressed withThecompany theput productivityfiveof and simplicity of operation of the Sandvik mobile jaw crusher, they have since put five morecrushers into operation, with additionalextra units on order.

A representative of Sandvik states:

“Kazakhmys was looking for a reliable partner to supply equipment for their underground operation. Key considerations which needed to be taken into account were electrical operation for low operating costs and reduced emissions, high capacity and the ability to be able to transport the equipment and fit it down the mine shaft.”

AZ Minerals (previously known as Kazakhmys) owns the Aktogay open-pit copper mine. It is the largest copper producer in Kazakhstan, located in the eastern region of Kazakhstan, approximately 250km from the border with China. The project comprises of an open-pit mine and an on-site concentrator to produce copper cathode from oxide ore and copper concentrate from the sulphide ore. Molybdenum is also being produced as a by-product.

Approval for the copper project was issued by the board of Kazakhmys in December 2012 and construction works began in 2013. The Aktogay mining operation began oxide copper cathode production in December 2015, and sulphide copper concentrate production in February 2017.

Commercial production from the Aktogay sulphide concentrator was achieved in October 2017. The $2bn copper project is anticipated to have a mine life of 28 years. A $1.2bn expansion project was approved for the mine in December 2017 to double sulphide ore processing capacity from 25Mt to 50Mt. The expansion project is anticipated to commence production in the second half of 2021 and will increase copper production from sulphide ore to 170,000t between 2022 and 2027 and to 130,000t thereafter.

Kazakhstan’s major mining group, Kazakhmys, reported an annual rise in the exploration of ore and production of gold, silver and copper in the first 10 months of the year. Kazakhmys has key assets concentrated in mining and non-ferrous metallurgy. It is the world’s 20th largest producer of copper in concentrate and the 12th largest producer of blister and cathode copper. The company said it had produced 180,000 tonnes of cathode copper in January-October this year, up from the projected 123,800 tonnes.

In addition, Kazakhmys is actively investing in the modernisation of existing mines and the construction of new ones to boost output. As part of the strategic plan for the next 20 years, which was presented last year, large-scale work is already underway in this direction. The total amount of investments in fixed assets in the period up to 2040 will be about $6.5 billion.

The largest copper producer in Kazakhstan is setting itself an ambitious goal of replenishing the mineral resource base to ensure an annual ore production of 35 million tonnes. For example, at the Hadzhikongan mine, work is underway to perform mining and capital overburden. Ore mining is scheduled for October 2022. The mine is expected to reach its design capacity of 0.9 million tonnes in 2023.

Mining and capital works are underway to excavate workings to open the deposit and at the mine, where ore mining will begin in the fourth quarter of 2022. Reaching the design capacity of 0.6 million tonnes is expected in 2024. It is planned to modernise the Nurkazgan mine and the existing processing plant within the next five years. In particular, shafts and a new section of the factory will be built here, mining and preparatory work will be carried out on the Eastern section of the mine. In 2027, the mine will reach a production capacity of 6.5 million tonnes.

New deposits will also be put into operation at the Zhylandinsky mine, which will increase the total production volume to 8 million tonnes in 2038. To process ore, a new processing plant is under construction at the Shatyrkul-Zhaisan cluster in the Balkhash region. The launch is scheduled for 2025, the capacity of the factory will be 1.5 million tonnes.

For the Zhezkazgan region, a feasibility study is being worked out with options for modernising the existing concentration plant or building a new one. In addition, the company was able to resume the work of the Konyrat mine in the Balkhash region. The mine produces 1.9 million tonnes. In 2020, Kazakhmys produced 279 tonnes of silver or 51 percent of the metal produced in Central Asia. This helped Kazakhstan to become the 11th producer of silver in the world.

“We plan to exceed all projected indicators this year,” Andrey Gaidin, Deputy Chairman of Kazakhmys Board, said. “The main driver of copper demand growth will be the global transition to a green economy, which means a choice in favour of using renewable energy sources and electric vehicles,” Gaidin said.

Kazakhmys PLC is a natural resources company with interests in copper, gold, zinc, silver, power generation and petroleum. It is the copper producer in Kazakhstan and worldwide with 17 operating mines, 10 concentrators and two copper smelters. Kazakhmys Copper operations are fully integrated from mining ore through to the production of finished copper cathode and rod.

Kazakhmys Copper operates three coal-fired power and heating plants at Karaganda, Balkhash and Zhezkazgan. During the year ended December 31, 2010, total copper cathode equivalent produced from the Company's own ore was 303 thousand tons. Kazakhmys Copper produces volumes of other metals, including zinc, silver and gold. During 2010, the Company produced 167 thousand tons of zinc in concentrate. On February 26, 2010, it completed the sale of a 50% interest in Ekibastuz GRES-1 to Samruk-Kazyna with the Company retaining a 50% interest. Read Less

Kazakhmys is the largest copper producer in Kazakhstan, and leading international company in the field of natural resources, mining, extraction and processing. Employing more than 24,000 people over their three industrial sites, they have plants, factories and mines located in Balkhash, Zhezkazgan and Karaganda. The company was officially formed in 1997 although mining dates back over a century ago to 1913 when the first operations in Zhezkasgan began. Kazakhmys mine a variety of ores, including gold, silver and coal, as well as copper, throughout their three sites. Their copper operations are fully integrated right from mining the ore through to the production of finished copper cathodes, rods and wire.

On 15 August 2014 shareholders of Kazakhmys PLC voted to approve a restructuring of the Group, details of which were set out in a Circular sent to shareholders in July 2014. All outstanding conditions to the restructuring were satisfied on 31 October 2014 with economic separation of the Disposal Assets effective from 1 August 2014. Following completion of the restructuring mature assets in the Zhezkazgan and Central Regions were transferred to Cuprum Holding, a private company owned by Vladimir Kim and Eduard Ogay, and retained the name Kazakhmys Corporation.

Kazakhmys Corporation LLC in Kazakhstan opted to invest in Sandvik Rock Processing Solutions’ wheeled UJ300 crushing unit for its underground copper mining operations. And according to Sandvik they were so impressed with the productivity and simplicity of operation of the Sandvik mobile jaw crusher, they have since put five more into operation with additional units on order.

Kazakhmys is a vertically integrated holding company with key assets concentrated in mining and non-ferrous metallurgy.

«Kazakhmys» is the world's 20th largest producer of copper in concentrate (271 thousand tons) and the 12th largest producer of blister and cathode copper (377 and 365 thousand tons, respectively, including tolling).

In 2020, the contribution of Kazakhmys Group, position the Republic of Kazakhstan to be in 11th place in the world ranking of silver producing countries (279 tons, 51% of the total production in the country).

Based on results of 2020 The Group ranks third place in the Republic of Kazakhstan in power generation with the production volume 7,267.53 million kWh.

«Kazakhmys» enterprises which involves in: mining, enrichment plants, copper smelters - are located at three production sites (Balkhash, Zhezkazgan, Karaganda), where about 37,000 people are working.

COMPANY OPERATIONS

Kazakhmys, as a company with integrated production, conducts searching, exploration, mining, preparation and processing of copper. In addition to cathode copper, the company produces gold and silver in ingots, sulfuric acid, selenium and copper telluride and lead dust.

«Kazakhmys» has vast experience in processing of minerals and operating in the territory of the Republic of Kazakhstan. Currently, Kazakhmys conducts exploration and production of minerals on the basis of more than 30 subsoil use contracts.

Kazakhmys has a high production and scientificly technical potential, which is necessary for energy and fuel resources, modern technological and telecommunicational networks, qualified personnel, all those are necessary for further development and increasing production capacity.