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United States

Kaz Minerals PLC (KAZ.L)

KAZ.L on London Stock Exchange

496.33GBp
7:18am EDT
Change (% chg)

-0.77 (-0.15%)
Prev Close
497.10
Open
494.30
Day's High
501.60
Day's Low
493.60
Volume
516,431
Avg. Vol
2,907,159
52-wk High
1,102.50
52-wk Low
421.50

Latest Key Developments (Source: Significant Developments)

Kaz Minerals HY Operating Profit Of $464 Mln vs $291 Mln
Thursday, 16 Aug 2018 02:00am EDT 

Aug 16 (Reuters) - Kaz Minerals PLC ::INTERIM DIVIDEND 0.06 USDPER SHARE.HY REVENUES OF $1,098 MILLION (H1 2017: GROSS REVENUES 1 OF $837 MILLION, REVENUES OF $721 MILLION).INCREASE IN REVENUES SUPPORTED BY 22% COPPER SALES VOLUME GROWTH AND A 20% HIGHER AVERAGE LME COPPER PRICE.HY OPERATING PROFIT OF $464 MILLION (H1 2017: $291 MILLION).AKTOGAY SULPHIDE CONCENTRATOR ACHIEVED DESIGN THROUGHPUT CAPACITY.HY COPPER PRODUCTION INCREASED BY 18% TO 140 KT (H1 2017: 118 KT).FULL YEAR COPPER PRODUCTION GUIDANCE MAINTAINED AT 270-300 KT AND BY-PRODUCT TARGETS UNCHANGED.FY COST GUIDANCE UNCHANGED, AS STRONG UNIT COST PERFORMANCE EXPECTED TO CONTINUE IN SECOND HALF.MEDIUM TERM COPPER MARKET OUTLOOK REMAINS POSITIVE.AKTOGAY EXPANSION PROJECT LAUNCHED IN DECEMBER 2017 WITH ENGINEERING, CONTRACTING AND EARTHWORKS PROGRESSING WELL.COPPER PRODUCTION OF 140 KT GREW FROM 118 KT DELIVERED IN FIRST HALF OF 2017.GROUP GOLD PRODUCTION IN FIRST HALF WAS 90 KOZ, COMPARED TO FULL YEAR GUIDANCE OF 160-175 KOZ.FIRST HALF SILVER PRODUCTION OF 1,637 KOZ, AGAINST FULL YEAR GUIDANCE RANGE OF APPROXIMATELY 3,000 KOZ..AKTOGAY EXPANSION PROJECT WILL PROGRESS OVER H2 AND WILL INCUR LIMITED EXPENDITURE ON STUDY WORK ON BAIMSKAYA COPPER PROJECT.  Full Article

Kaz Minerals To Acquire Baimskaya Copper Project For $900 Mln
Thursday, 2 Aug 2018 02:02am EDT 

Aug 2 (Reuters) - Kaz Minerals PLC ::SAYS AGREED TO ACQUIRE BAIMSKAYA COPPER PROJECT IN CHUKOTKA REGION OF RUSSIA FOR $900 MILLION IN CASH AND SHARES.SAYS DEAL COMPRISING INITIAL CONSIDERATION OF $675 MILLION AND DEFERRED CONSIDERATION OF $225 MILLION.SAYS CAPITAL EXPENDITURE TO DEVELOP MINE ESTIMATED AT $5.5 BILLION SUBJECT TO FEASIBILITY STUDY.SAYS VENDOR WILL NOT CONTRIBUTE TO DEVELOPMENT CAPITAL EXPENDITURE DUE TO DEFERRED CONSIDERATION STRUCTURE.INITIAL CONSIDERATION ON DEAL INCLUDES $436 MILLION IN CASH, 22.3 MILLION NEW CO'S SHARES ISSUED, VALUED AT $239 MILLION.SAYS INITIAL CONSIDERATION TO BE PAID AT INITIAL COMPLETION, EXPECTED IN FIRST HALF OF 2019.SAYS DEFERRED CONSIDERATION FOR DEAL INCLUDES $225 MILLION IN CASH OR SHARES FOR REMAINING 25PCT INTEREST IN PROJECT.IF DELIVERY CONDITIONS SATISFIED BEFORE 31 MARCH 2029, DEFERRED EQUITY CONSIDERATION OF 21 MILLION SHARES PAYABLE ON COMMERCIAL PRODUCTION DATE.IF PROJECT DELIVERY CONDITIONS ARE NOT SATISFIED, DEFERRED CASH CONSIDERATION OF $225 MILLION IS PAYABLE ON LONG STOP DATE OF 31 MARCH 2029.  Full Article

Kaz Minerals Says H1 Copper Production Up 18 Pct To 139.6 KT
Thursday, 26 Jul 2018 02:00am EDT 

July 26 (Reuters) - Kaz Minerals PLC ::KAZ MINERALS PRODUCTION REPORT FOR H1 AND Q2 2018.H1 2018 COPPER PRODUCTION INCREASED 18% TO 139.6 KT.OPERATIONS ON TRACK TO ACHIEVE 2018 PRODUCTION GUIDANCE FOR ALL METALS.BOZSHAKOL H1 COPPER PRODUCTION 49.8 KT.H1 GOLD PRODUCTION OF 89.8 KOZ VERSUS 93.0 KOZ.GROUP IS ON TRACK TO ACHIEVE ITS COPPER OUTPUT TARGET OF 270-300 KT AND BY-PRODUCT GUIDANCE IN 2018.H1 2018 COPPER PRODUCTION INCREASED 18% TO 139.6 KT (H1 2017: 118.0 KT).OPERATIONS ON TRACK TO ACHIEVE 2018 PRODUCTION GUIDANCE FOR ALL METALS.BOZSHAKOL H1 COPPER PRODUCTION 49.8 KT (H1 2017: 52.0 KT).ON TRACK TO ACHIEVE ITS COPPER OUTPUT TARGET OF 270-300 KT AND BY-PRODUCT GUIDANCE IN 2018.  Full Article

Kaz Says Agreement To Invest $70 Million Into Koksay Project
Friday, 8 Jun 2018 02:00am EDT 

June 8 (Reuters) - Kaz Minerals PLC ::ANNOUNCES AGREEMENT TO INVEST $70 MILLION INTO GROUP'S KOKSAY PROJECT BY CHINA NONFERROUS METAL INDUSTRY'S FOREIGN ENGINEERING AND CONSTRUCTION COMPANY.  Full Article

Kaz Minerals Says FY Copper Production Increased By 80 Pct
Thursday, 25 Jan 2018 02:00am EST 

Jan 25 (Reuters) - Kaz Minerals Plc ::‍FULL YEAR COPPER PRODUCTION INCREASED BY 80% TO 259 KT (FY 2016: 144 KT)​.‍FULL YEAR GOLD PRODUCTION OF 179 KOZ AT UPPER END OF GUIDANCE RANGE (160-180 KOZ)​.‍BOZSHAKOL COPPER PRODUCTION OF 23 KT IN Q4​.‍AKTOGAY COPPER PRODUCTION OF 26 KT IN Q4​.COPPER PRODUCTION AT BOZSHAKOL IS NOW EXPECTED TO BE IN THE REGION OF 100 KT IN 2018‍​.  Full Article

Kaz Minerals Says ‍Application Has Been Made For Resumption Of Trading In H Shares
Thursday, 21 Dec 2017 03:31am EST 

Dec 21 (Reuters) - Kaz Minerals Plc 0847.HK::‍APPLICATION HAS BEEN MADE TO STOCK EXCHANGE OF HONG KONG FOR RESUMPTION OF TRADING IN H SHARES OF CO WITH EFFECT FROM 22 DECEMBER 2017.  Full Article

Kaz Minerals Says Aktogay Expansion Project Approved
Thursday, 21 Dec 2017 02:00am EST 

Dec 21 (Reuters) - Kaz Minerals Plc ::AKTOGAY EXPANSION PROJECT APPROVED.‍$1.2 BILLION EXPANSION PROJECT APPROVED TO DOUBLE SULPHIDE ORE PROCESSING CAPACITY AT AKTOGAY FROM 2021​.‍NET CASH COST GUIDANCE TO 2027 MAINTAINED AT 100-120 USC/LB​.‍ANNUAL COPPER PRODUCTION FROM SULPHIDE ORE TO INCREASE TO 170 KT FROM 2022 TO 2027 AND 130 KT THEREAFTER​.‍REMAINING EXPENDITURE WILL BE INCURRED FROM 2019 TO 2021. MINING FLEET WILL BE UPGRADED TO SUPPORT HIGHER ORE THROUGHPUT​.‍OUTPUT FROM NEW CONCENTRATOR IS EXPECTED TO COMMENCE IN SECOND HALF OF 2021 WITH FACILITY RAMPING UP DURING 2022.​.KAZ - ‍COPPER CATHODE PRODUCTION FROM OXIDE ORE AT AKTOGAY WILL BE UNCHANGED AT CURRENT LEVEL OF AROUND 20 KT PER ANNUM FOR REMAINING EIGHT YEAR LIFE OF OXIDE DEPOSIT​.‍SUSTAINING CAPITAL EXPENDITURE WILL INCREASE FROM $30-$40 MILLION TO $50-$60 MILLION PER ANNUM FROM 2022 ONWARDS​.  Full Article

Kaz Minerals' H Shares On Trading Halt
Wednesday, 20 Dec 2017 11:46pm EST 

Dec 21 (Reuters) - Kaz Minerals 0847.HK::‍TRADING IN H SHARES OF CO WILL BE HALTED AT 1:00 P.M. ON DEC 21.  Full Article

Kyrgyzstan government cancels Kaz Minerals mine suspension a day later
Friday, 3 Nov 2017 05:10am EDT 

Nov 3 (Reuters) - Kaz Minerals Plc :KAZ MINERALS PLC - BOZYMCHAK RESUMES FULL PRODUCTION.BOZYMCHAK RESUMES FULL PRODUCTION.KAZ MINERALS- RECEIVED NOTIFICATION FROM GOVERNMENT OF KYRGYZSTAN THAT SUSPENSION OF OPERATIONS AT BOZYMCHAK ANNOUNCED ON 2 NOVEMBER 2017 HAS BEEN CANCELLED​.KAZ MINERALS PLC - ‍BOZYMCHAK HAS RESUMED FULL PRODUCTION​.  Full Article

Kaz Minerals announces temporary suspension of operations at Bozymchak
Thursday, 2 Nov 2017 08:47am EDT 

Nov 2 (Reuters) - KAZ MINERALS PLC ::BOZYMCHAK TEMPORARY SUSPENSION OF OPERATIONS.‍‍GOVT OF KYRGYZSTAN HAS TODAY SUSPENDED OPERATIONS AT BOZYMCHAK, GROUP'S COPPER AND GOLD MINE IN KYRGYZSTAN, FOR A PERIOD OF THREE MONTHS​.‍BOZYMCHAK IS IN COMPLIANCE WITH OBLIGATIONS AND IS IN DISCUSSIONS WITH RELEVANT AUTHORITIES TO RECOMMENCE OPERATIONS AS SOON AS POSSIBLE​.‍GROUP'S 2017 COPPER PRODUCTION GUIDANCE REMAINS 250-270 KT​.  Full Article

UPDATE 1-Worst week in five months for FTSE 100 as EM goes south

* Negative broker notes weigh on Kingfisher, Kaz Minerals (Updates prices, adds details)