The company was renamed 'KAZ Minerals PLC'. įollowing the completion of a major restructuring on 31 October 2014 which included the disposal of mining, smelting and power assets in the Zhezkazgan and Central Regions, the Group became a high growth copper company focused on large scale, low cost open pit mining in Kazakhstan. On completion Kazakhmys PLC was renamed KAZ Minerals PLC. Kazakhmys PLC disposed of a number of mature assets primarily in the Zhezkazgan and Central Regions to Cuprum Holding, a company whose principal shareholder is Vladimir Kim. On 15 August 2014 the independent shareholders voted to approve the Group Restructuring. On 7 January 2014 the Group approved the disposal of its 50% stake in the Ekibastuz GRES-1 power station, to become a focused, pure-play copper mining company.
#Cuprum holding bv free
Following the transaction, which included the offer of certain Kazakhmys shares to ENRC shareholders, Kazakhmys becomes a majority free float company for the first time. On 11 November 2013 the company announced the sale of its stake in ENRC.
This was originally set out at the time of purchase in May 2008. In February 2010 the company completed the sale of a 50% stake in its Ekibastuz GRES-1 power plant to the National Welfare Fund Samruk-Kazyna JSC for $681 million. In January 2010 Kazakhmys announced the first of two facilities, totalling $4.2 billion, from the China Development Bank Corporation, to support growth projects. Kazakhmys was listed on the London Stock Exchange in October 2005 at 540 pence per share, joining the broad range of international mining companies listed in London. In 1996, Samsung acquired a 40% stake but subsequently sold it. Samsung Corporation of Korea took over management of the company in June 1995.
#Cuprum holding bv series
From 1992 to 2002, a series of privatisations reduce the Government's holding from 100% to 0%. The Government of Kazakhstan forms the company, entitled OJSC Zhezgazgantsvetmet in 1992. In 1971 smelting operations commenced at the Zhezkazgan Complex. In 1930 Kazakhmys' operations began at the Balkhash copper smelting complex in Kazakhstan. The company was listed on the London Stock Exchange until it was acquired by Nova Resources in April 2021.
KAZ Minerals was created after the completion of the Restructuring of Kazakhmys PLC. The company operates 3 underground mines and 2 concentrators in the East Region, one open pit mine at Bozymchak, Kyrgyzstan and is developing two major growth projects Aktogay and Bozshakol, with the third - Koksay - at scoping stage. The Group is listed in London and Kazakhstan stock exchanges. KAZ Minerals plc is a British copper company focused on large scale, low cost open pit mining in Kazakhstan.
0 kommentar(er)
