Key Developments: KAZ Minerals PLC (KAZ.L)

KAZ.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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

Kazakhmys PLC updates on aktogay growth project
Wednesday, 24 Sep 2014 02:01am EDT 

Kazakhmys PLC:Announces that it has awarded the contract for the construction of the sulphide concentrator at Aktogay, the Group's copper growth project, to Non Ferrous China.Says following this contract award the Group is able to confirm that the total capital cost for the Aktogay project is expected to be in the region of $2.3 billion.  Full Article

Kazakhmys PLC declares interim dividend
Thursday, 21 Aug 2014 02:00am EDT 

Kazakhmys PLC:Directors have not declared an interim dividend for 2014.  Full Article

Kazakhmys PLC approves restructuring, to be renamed KAZ Minerals PLC on completion
Thursday, 14 Aug 2014 08:00pm EDT 

Kazakhmys PLC:Says that its general meeting approved the proposed restructuring of the company.The transaction involves the transfer of mature assets in the Zhezkazgan and Central Regions to Cuprum Holding, a private company owned by Vladimir Kim and Eduard Ogay.Kazakhmys will retain five mines, with high copper grade, low sustaining capital expenditure and a cash generative.Completion expected by the end of 2014.Kazakhmys to be renamed KAZ Minerals PLC on completion.  Full Article

Kazakhmys PLC announces proposed group restructuring
Wednesday, 23 Jul 2014 03:40am EDT 

Kazakhmys PLC:Says it has entered into a definitive agreement to transfer certain of its mature assets in the Zhezkazgan and Central Regions of Kazakhstan to Cuprum Holding.The parties have also entered into two framework services agreements, enabling the Continuing Group and the Cuprum Holding Group to provide each other with transitional and longer-term services following completion.  Full Article

Kazakhmys PLC announces completion of acquisition
Tuesday, 17 Jun 2014 04:49am EDT 

Kazakhmys PLC:Completes acquisition of Koksay, the Group's third major growth project.Purchase price is $260 mln in cash.  Full Article

Kazakhmys confirms acquisition of Koksay from CCC mining construction B.V
Tuesday, 15 Apr 2014 05:15am EDT 

Kazakhmys PLC:Concludes agreement for purchase of Koksay growth project from CCC Mining Construction B.V.Net acquisition cost will be $260 mln in cash, of which $65 mln is deferred.Of the deferred consideration, $30 mln is payable on Jan. 01, 2015 and $35 mln on July 31, 2015.  Full Article

Kazakhmys announces completion of disposal of remaining 50 pct holding in Ekibastuz GRES-1
Tuesday, 1 Apr 2014 04:37pm EDT 

Kazakhmys PLC:Completes disposal of remaining 50 pct holding in Ekibastuz GRES-1 to Samruk-Energo.Net funds received $1.25 bln.  Full Article

Kazakhmys PLC's board declares dividend for half year 2013
Thursday, 27 Feb 2014 02:00am EST 

Kazakhmys PLC:Paid dividends of 8.0 US cents per share ($42 million) during the first half of 2013.  Full Article

Kazakhmys PLC to sell 50 pct of Ekibastuz LLP and 100 pct of Kazhydro to Samruk-Energo
Monday, 9 Dec 2013 02:00am EST 

Kazakhmys PLC:Says it has entered into an agreement to sell to Samruk-Energo the Group's remaining 50 per cent. interest in Ekibastuz LLP and 100 per cent. of the issued share capital of Kazhydro for gross consideration of $1,300 million in cash, subject to certain consents, approvals and conditions.Says Samruk-Energo is a wholly-owned subsidiary of Samruk-Kazyna, which is ultimately beneficially owned by the Government.Says the principal asset in the transaction is Ekibastuz GRES-1, a power station in Kazakhstan.Says based on the terms of the Transaction, Kazakhmys will receive net proceeds of about $1,249 million in cash, which will substantially strengthen the Group's financial position during the development phase of the Group's copper growth projects, Bozshakol and Aktogay.Says the Transaction will be conditional upon, inter alia, the approval of a majority of independent Shareholders and on the approval of the relevant governmental authorities in Kazakhstan.  Full Article

Correction: Fitch Assigns Kazakhmys Insurance Company 'B+' IFS; Outlook Stable

(The following statement was released by the rating agency) MOSCOW/LONDON, December 12 (Fitch) This announcement corrects the version published on 11 December 2014 to amend the legal name of Kazakhmys Insurance Company's shareholder. Fitch Ratings has assigned JSC Kazakhmys Insurance Company (Kazakhmys Ins) an Insurer Financial Strength (IFS) rating of 'B+' and National IFS rating of 'BBB(kaz)'. The Outlooks are Stable. KEY RATING DRIVERS The ratings reflect Kazakhmys Ins's solid albeit m

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