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Kaz Minerals PLC (KAZ.L)

KAZ.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kaz Minerals narrows full-year copper guidance
Thursday, 18 Aug 2016 02:00am EDT 

Kaz Minerals Plc : H1 ebitda $115 million (h1 2015: $88 million) . Financing outlook improved by ramp up at Bozshakol and reduced capital budget at Aktoga . H1 EBITDA 115 million usd versus 88 million usd year ago . H1 group copper cathode equivalent production increased by 43 pct in H1 2016 to 52.6 kt (h1 2015: 36.7 kt) . On track to achieve commercial production in h2 2016 . Group copper guidance narrowed to 135-145 kt and gold to 95-115 koz . Silver guidance increased to 2,500-2,750 koz, as bozshakol achieves payable silver grade during ramp up . Final construction of Aktogay Sulphide ahead of commissioning in H1 2017 .Gross cash cost guidance for 2016 reduced to 190-210 usc/lb.  Full Article

Kaz Minerals says H1 copper cathode equivalent production up 43 pct; backs FY guidance
Thursday, 28 Jul 2016 02:40am EDT 

Kaz Minerals Plc : Bozshakol commissioning progressing well, FY guidance maintained . Gold bar equivalent output 1 of 39.1 koz in h1 2016 (h1 2015: 16.1 koz) . Says Bozymchak operated at design capacity throughout first half, producing 17.9 koz of gold bar equivalent . Copper cathode equivalent production 1 of 52.6 kt in h1 2016, an increase of 43% .Now delivering highest growth rate in sector - CEO.  Full Article

Kaz Minerals sees Aktogay project cost lower at $2.2 bln
Friday, 22 Jul 2016 11:00am EDT 

Kaz Minerals Plc : Following a review of group's Aktogay project, expected project cost has been reduced by $100 mln to $2.2 billion . Lowered budget for Aktogay project results in revised capital expenditure guidance for 2016 of $230 mln and 2017 of $350 mln .Final payment of $300 mln to project's principal construction contractor remains deferred to 2018, after project has been completed.  Full Article

KAZ Minerals PLC produces first copper from Aktogay oxide project
Tuesday, 1 Dec 2015 11:33pm EST 

KAZ Minerals PLC:Says it has produced its first copper cathode from oxide ore at the Aktogay project in the East of Kazakhstan.The SX/EW plant is expected to swiftly reach an output level of 15 kt per annum.The sulphide concentrator remains on track for commissioning in 2017, which will result in the Aktogay project delivering a combined production from sulphide and oxide ore of 105 kt per annum on average for the first 10 years.  Full Article

KAZ Minerals PLC updates FY 2015 guidance
Thursday, 30 Jul 2015 02:00am EDT 

KAZ Minerals PLC:Says FY 2015 production for zinc and silver expected to be at the top end of guided range.FY 2015 gold production guidance revised to 34-38 koz.  Full Article

KAZ Minerals PLC announces scoping smelter study
Thursday, 26 Mar 2015 08:00pm EDT 

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.  Full Article

Kazakhmys PLC announces name change
Friday, 31 Oct 2014 06:32am EDT 

Kazakhmys PLC:Changes its name to KAZ Minerals PLC.  Full Article

BRIEF-Kaz Minerals announces trading halt

* Trading in shares of Kaz Minerals will be halted at 1:00 p.m. On 29 sep Source text for Eikon: Further company coverage: