News: Kazakhmys PLC (KAZ.L)

KAZ.L on London Stock Exchange

17 Apr 2014
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-4.60p (-1.93%)
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Thu, Feb 27 2014

UPDATE 2-Copper miner Kazakhmys surprises with radical spin-off plan

LONDON, Feb 27 - Copper miner Kazakhmys plans to sell off less-profitable mines to its biggest shareholder Vladimir Kim to focus on lower-cost, open-pit mines and growth projects, sending its shares up by more than 30 percent on Thursday.

UPDATE 1-Metals companies raise salaries in Kazakhstan after devaluation

LONDON, Feb 17 - Miners Kazakhmys and ENRC and steelmaker ArcelorMittal Temirtau are to raise salaries for staff in Kazakhstan by 10 percent after a devaluation of the local currency threatened their living standards.

Miner Kazakhmys raises salaries after currency devaluation

LONDON, Feb 17 - Copper miner Kazakhmys said on Monday it will increase salaries for operational staff by 10 percent in response to a devaluation of Kazakhstan's currency.

Kazakhmys copper output hits target for full-year

LONDON, Jan 30 - Kazakhmys said on Thursday it hit its copper production target for the year, recovering from an output dip in the third quarter, helped by an increase in ore extraction and a recovery in grades.

UPDATE 1-Kazakhmys sells power station stake as mine costs rise

LONDON, Dec 9 - Kazakhmys is selling its stake in Kazakhstan's largest power station for $1.3 billion, the copper miner said on Monday, boosting its finances as it also told investors that its Bozshakol mine would cost almost a fifth more than planned.

Kazakhmys sells power station stake for $1.3 bln

LONDON, Dec 9 - Copper miner Kazakhmys has agreed to sell its stake in Kazakhstan's largest power station to Kazakhstan sovereign wealth fund Samruk-Kazyna in a deal worth $1.3 billion.

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