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Kaz Minerals PLC (KAZ.L)

KAZ.L on London Stock Exchange

753.50GBp
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Kaz Minerals H shares on trading halt
Thursday, 26 Oct 2017 12:51am EDT 

Oct 26 (Reuters) - Kaz Minerals PLC :Trading in H shares of company to be halted with effect from 1:00 p.m. On 26 Oct pending release of company's production report for 9-mnths.  Full Article

Kaz Minerals says HY oper profit of $291 mln vs. $68 mln
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - KAZ MINERALS PLC ::SAYS ‍COPPER OUTPUT MORE THAN DOUBLED TO 118 KT IN FIRST HALF OF 2017​.SAYS ‍BY-PRODUCTS ON TRACK TO MEET OR EXCEED 2017 GUIDANCE​.HY OPERATING PROFIT OF $291 MILLION VERSUS. $68 MILLION.SAYS ‍GROSS REVENUES INCREASED BY 2.3 TIMES, TO $837 MILLION (H1 2016: $363 MILLION)​.SAYS ‍HY REVENUES OF $721 MILLION, EXCLUDING PRE-COMMERCIAL SALES (H1 2016: $302 MILLION)​.HY NET CASH COST OF 64 USC/LB.SAYS ‍BOZSHAKOL FULL YEAR GROSS CASH COST NOW EXPECTED TO BE 115-135 USC/LB​.FULL YEAR COPPER PRODUCTION TARGET NARROWED TO 235-260 KT.NOW EXPECTED THAT GROUP WILL PRODUCE 3,100-3,350 KOZ OF SILVER IN 2017.  Full Article

Kaz Minerals trading in H shares have been halted
Thursday, 17 Aug 2017 12:42am EDT 

Aug 17 (Reuters) - Kaz Minerals PLC 0847.HK:Trading in H shares of company have been halted pending the release of company's HY results.  Full Article

Kaz Minerals expects Bozshakol gold output to be towards upper end of FY guidance range
Thursday, 27 Jul 2017 02:42am EDT 

July 27 (Reuters) - Kaz Minerals Plc :H1 2017 COPPER PRODUCTION OF 52 KT FOR (H1 2016: 10 KT).H1 2017 COPPER PRODUCTION MORE THAN DOUBLED TO 118 KT, ON TRACK FOR FY GUIDANCE OF 225-260 KT.FIRST HALF GOLD OUTPUT OF 93 KOZ (H1 2016: 45 KOZ).BOZSHAKOL ON TRACK TO ACHIEVE 2017 COPPER GUIDANCE AND TOP END OF GOLD GUIDANCE.CLAY PLANT CONTINUING TO RAMP UP IN LINE WITH EXPECTATIONS FOR BOZSHAKOL, ORE THROUGHPUT AT 69% IN Q2.FULL YEAR GOLD AND SILVER PRODUCTION EXPECTED TO BE TOWARDS UPPER END OF GUIDANCE FOR EAST REGION AND BOZYMCHAK.EXPECT TO ACHIEVE 100% OF DESIGN CAPACITY IN SECOND HALF OF THIS YEAR AS PLANNED.AKTOGAY AND EAST REGION CURRENTLY TRACKING BELOW GUIDED FULL YEAR COST RANGE.MATERIAL EXTRACTED IN H1 2017 AT BOZSHAKOL HAD A HIGHER THAN ANTICIPATED GOLD GRADE WHICH IS EXPECTED TO DECLINE FROM JULY 2017.BOZSHAKOL IS ON TRACK TO ACHIEVE 2017 GUIDANCE OF 95-110 KT.NOW EXPECTED THAT BOZSHAKOL GOLD OUTPUT WILL BE TOWARDS UPPER END OF FULL YEAR GUIDANCE RANGE OF 85-110 KOZ.  Full Article

Kaz Minerals says ‍trading in H shares will be halted
Thursday, 27 Jul 2017 12:44am EDT 

July 27 (Reuters) - Kaz Minerals Plc::Trading in H shares will be halted with effect from 1:00 p.m.on July 27.Trading in H shares halted ‍pending release of co's production report for HY & Q2 ended June​ 30, 2017.  Full Article

Kaz Minerals extends loan facility
Friday, 9 Jun 2017 02:00am EDT 

June 9 (Reuters) - Kaz Minerals Plc ::Completed amendment, extension of pre-export finance loan facility which includes increase in facility commitments to $600 million​.  Full Article

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