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Kaz Minerals PLC (KAZ.L)

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Latest Key Developments (Source: Significant Developments)

Kaz Mineral says chairman to retire, names CEO as chairman
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - Kaz Minerals Plc ::Simon Heale, non-executive chairman of company, will retire from board having served eleven years with company.Oleg Novachuk, chief executive officer, will become chair.Andrew Southam, chief financial officer, will be appointed chief executive officer.Michael Lynch-Bell, senior independent director will be additionally appointed deputy chair.Process is under way to identify and appoint a new independent non-executive director and a new chief financial officer.  Full Article

KAZ Minerals says on track to meet 2017 production guidance
Thursday, 27 Apr 2017 02:00am EDT 

April 27 (Reuters) - KAZ Minerals Plc ::On track to meet 2017 production guidance for all metals.Copper production increased by 16 percent to 52 kt in Q1 as new mines ramp up.Net debt of $2,550 million at 31 march 2017; $1,098 million of funds available.Q1 financial position supported by limited project spend and refund of project vat.2017 project expenditure guidance for aktogay reduced to less than $200 million from $265 million.Aktogay concentrator commenced output in mid-february and has produced 7 kt of copper.Total ore extraction of 16.9 million tonnes represents an increase of 27% versus previous quarter.  Full Article

Kaz Minerals FY profit before tax $220 mln vs $12 mln year ago
Thursday, 23 Feb 2017 02:00am EST 

Kaz Minerals Plc : FY profit before tax $220 million versus $12 million year ago . FY revenue $766 million versus $665 million year ago .Sees 2017 group's copper production to increase to 225-260 kt.  Full Article

Kaz Minerals says has met 2016 copper guidance
Thursday, 26 Jan 2017 02:00am EST 

Kaz Minerals Plc : Q4 and full year 2016 production report . Full year copper guidance met and by-product guidance exceeded in 2016 . Copper cathode equivalent production 1 of 140 kt (guidance 135-145 kt) . Copper output growth of 73 pct year-on-year (FY 2015: 81 kt) . Q4 copper cathode equivalent production of 43 kt (Q3 2016: 45 kt) . By-product output exceeds full year guidance ranges . Stronger than anticipated by-product grades in east region in Q4 2016 . Bozymchak operated at design capacity throughout 2016 .Our growth will continue in 2017 as Bozshakol reaches capacity and we commence production from sulphide ore at Aktogay.  Full Article

Kaz Minerals announces commencement of commissioning works at Bozshakol Clay plant
Thursday, 29 Sep 2016 02:00am EDT 

Kaz Minerals <0847.HK>: s-bozshakol Clay Plant Completion . Announces completion of construction and commencement of commissioning works at bozshakol clay plant . "ramp up of main sulphide concentrator is progressing in-line with expectations and 2016 production guidance for bozshakol remains unchanged" . Application has been made to stock exchange for resumption of trading in hk shares with effect from 9:00 a.m. On 30 sept 2016 .Clay plant has annual processing capacity of five million tonnes and expected to commence production of saleable copper concentrate in 2016.  Full Article

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

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KAZ Minerals promotes chief financial officer to CEO

April 27 Copper miner KAZ Minerals Plc said on Thursday that Andrew Southam would be promoted next year to the role of chief executive.