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Kaz Minerals PLC (KAZ.L)

KAZ.L on London Stock Exchange

853.00GBp
12:06pm EDT
Change (% chg)

1.00 (+0.12%)
Prev Close
852.00
Open
864.00
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881.40
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Volume
3,273,049
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1,868,207
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1,102.50
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458.00

Latest Key Developments (Source: Significant Developments)

Jefferies expects copper market to remain balanced in near term
Tuesday, 12 Jun 2018 12:18am EDT 

June 12 (Reuters) - :GLOBAL METALS AND MINING: JEFFERIES EXPECTS THE COPPER MARKET TO REMAIN BALANCED WITH SOME POTENTIAL DOWNSIDE RISK TO PRICES IN THE VERY NEAR TERM.GLOBAL METALS AND MINING: JEFFERIES SAYS DEFICITS MAY BEGIN OVER NEXT 6-12 MONTHS AS SUPPLY CONSTRAINTS INTENSIFY AND DEMAND GROWS.  Full Article

ABB says wins order to double capacity at Kazakh copper concentrator
Thursday, 17 May 2018 09:34am EDT 

May 17 (Reuters) - Abb Ltd says::WON AN ORDER TO DELIVER A COMPREHENSIVE PROCESS AND POWER SOLUTION THAT WILL DOUBLE CAPACITY OF KAZ MINERALS' SULPHIDE ORE PROCESSING PLANT IN AKTOGAY, KAZAKHSTAN.ABB'S DELIVERY IS PART OF A $1.2 BILLION EXPANSION THAT WILL DOUBLE CURRENT ANNUAL SULPHIDE ORE PROCESSING CAPABILITY AT THIS SITE FROM 25 MILLION TO 50 MILLION TONS.IN ADDITION TO SULPHIDE ORE, THE COMPANY ALSO PROCESSES AROUND 12 MILLION TONS PER ANNUM OF OXIDE ORE.PROJECT IS THE THIRD MAJOR ORDER FROM THIS CUSTOMER AND WILL RE-USE THE ENGINEERING AND SOLUTION CONFIGURATION FROM THE COMPANY'S TWO OTHER PRODUCTION LINES IN THE AREA.WILL PROVIDE ABILITY MINEOPTIMIZE INTEGRATED PROCESS AND POWER CONTROL SOLUTION, WHICH INCLUDES ALL PROCESS CONTROL AND ELECTRIFICATION EQUIPMENT AND INFRASTRUCTURE FOR THE PLANT.  Full Article

Kaz Minerals Proposes To Withdraw Listing Of Its Shares On HKEX
Thursday, 26 Apr 2018 10:20am EDT 

April 26 (Reuters) - Kaz Minerals PLC ::PROPOSES TO WITHDRAW LISTING OF ITS SHARES ON HKEX.IT IS EXPECTED THAT WITHDRAWAL OF LISTING OF SHARES ON HKEX WILL BECOME EFFECTIVE AT 9:00 A.M. (HK TIME) ON 1 AUGUST 2018.DEALINGS IN SHARES ON HKEX EXPECTED TO CEASE AT 4:00 P.M. (HK TIME) ON JULY 11.  Full Article

Kaz Minerals Posts FY Revenue $1,938 Million
Thursday, 22 Feb 2018 02:01am EST 

Feb 22 (Reuters) - Kaz Minerals Plc ::FY REVENUE $ 1,938 MILLION VERSUS $969 MILLION YEAR AGO.SEES 2018 GROUP COPPER PRODUCTION GUIDANCE AT 270-300 KT.FY PROFIT BEFORE TAX $580 MILLION VERSUS $220 MILLION YEAR AGO.SEES 2018 GROSS CASH COST GUIDANCE OF 130-150 USC/LB AT BOZSHAKOL AND 110-130 USC/LB AT AKTOGAY.SEES 2018 EAST REGION AND BOZYMCHAK GROSS CASH COST GUIDANCE OF 230-250 USC/LB.‍2017 FULL YEAR COPPER SALES VOLUMES OF 256 KT​.‍IN 2018 BOZSHAKOL EXPECTED TO PRODUCE 95-105 KT WITH AN AVERAGE SULPHIDE ORE PROCESSED GRADE OF 0.44%​.IN 2018 ‍AKTOGAY SULPHIDE TO RAMP UP TO 90-105 KT AND OXIDE 20-25 KT​.  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

Kaz Minerals Q3 ‍copper production increased by 14 pct to 75 kt ​
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - Kaz Minerals Plc :‍COPPER PRODUCTION INCREASED BY 14% TO 75 KT IN Q3​.‍FULL YEAR COPPER PRODUCTION GUIDANCE INCREASED TO 250-270 KT​.‍FY GOLD PRODUCTION GUIDANCE RAISED TO 160-180 KOZ​.‍BOZSHAKOL COPPER PRODUCTION 2 OF 27 KT IN Q3​.BOZSHAKOL Q3 COPPER OUTPUT IMPACTED BY EXPECTED REDUCTION IN COPPER GRADE​.Q3 GOLD PRODUCTION OF ‍44.8​ KOZ VERSUS 40.6 KOZ YEAR AGO.BOZSHAKOL GOLD GUIDANCE FOR 2017 RAISED TO 110-120 KOZ, FOLLOWING STRONG YEAR TO DATE OUTPUT​.‍NET DEBT OF $2,220 MILLION AT 30 SEPTEMBER 2017​.AKTOGAY COPPER PRODUCTION 1 OF 31 KT IN Q3​.‍AKTOGAY'S SULPHIDE CONCENTRATOR REACHED COMMERCIAL LEVELS OF PRODUCTION AT END OF Q3 AND EXPECT TO REACH FULL CAPACITY DURING 2018​.‍Q3 SILVER PRODUCTION​ OF 952 KOZ VERSUS 739 KOZ YEAR AGO.‍Q3 ZINC IN CONCENTRATE​ 13.5 KT VERSUS 16.6 KT YEAR AGO.  Full Article

BRIEF-ABB says wins order to double capacity at Kazakh copper concentrator

* WON AN ORDER TO DELIVER A COMPREHENSIVE PROCESS AND POWER SOLUTION THAT WILL DOUBLE CAPACITY OF KAZ MINERALS' SULPHIDE ORE PROCESSING PLANT IN AKTOGAY, KAZAKHSTAN