Total Voting Rights

In conformity with 5.6.1R of the Disclosure Guidance and Transparency Rules (“the Rules”), the Company hereby notifies the market of the following:

At the date of this announcement, the total issued share capital of the Company comprises 480,723,977 ordinary shares.

The Company currently holds 8,317,690 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 472,406,287 ordinary shares (excluding treasury shares).

The above figure of 472,406,287 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities or Connected Persons

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT

Half-yearly results 2019

KAZ Minerals plc half-yearly report for the period ended 3o june 2019

download presentation

Watch the webcast

Financial highlights

Revenues of $1,052 million (H1 2018: $1,098 million)
- Production-driven 3% increase in copper sales volumes, offset by 11% lower LME copper price
EBITDA¹ of $620 million representing a 59% margin (H1 2018: $690 million, 63% margin)
Operating profit of $410 million (H1 2018: $464 million)
Industry leading first quartile net cash cost¹ of 80 USc/lb (H1 2018: 82 USc/lb)

Operational highlights

Copper production² increased by 6% to 147.6 kt (H1 2018: 139.6 kt)
Aktogay achieved record first half production of 74.1 kt (H1 2018: 60.5 kt)
On track to achieve full year guidance for main products of copper and gold

Financial position

Net debt¹ increased to $2,560 million at 30 June 2019 (31 December 2018: $1,986 million)
- $436 million cash consideration paid for acquisition of Baimskaya copper project in H1 2019
- $332 million invested into growth projects, principally the Aktogay expansion
Borrowings of $3,299 million at 30 June 2019 (31 December 2018: $3,453 million)
Gross liquid funds¹ of $739 million at 30 June 2019 (31 December 2018: $1,467 million)
- $480 million to be drawn in 2019-20 under new $600 million DBK facility for Aktogay expansion project
Interim dividend of 4.0 US cents per share declared

growth projects

Completed the acquisition of the Baimskaya copper project in Russia, a globally significant deposit, on 22 January 2019
- Feasibility study on track to be completed in H1 2020
- Government funded road and power infrastructure progressed in period
- Capital expenditure guidance for 2019 increased to $150 million, including $80 million approved for pioneer works and on-site infrastructure in second half of 2019
Aktogay expansion project on schedule and on budget ($1.2 billion)
Concentrator and crusher structural works underway, new mining equipment commencing operations
Capital expenditure timing rephased, 2019 guidance now $500 million

Outlook

Short term copper market outlook more cautious due to continuing trade pressures and China slowdown concerns, but long term outlook remains robust
Full year copper production guidance maintained at c. 300 kt
Low cost asset base creates strong platform for growth

$ million (unless otherwise stated)	Six months ended 30 June 2019	Six months ended 30 June 2018

Revenues	1,052	1,098
EBITDA¹	620	690

Operating profit	410	464
Profit before tax	289	355
Profit for the period	227	276
Ordinary EPS and EPS based on Underlying Profit¹ – basic ($)	0.48	0.62
Ordinary EPS and EPS based on Underlying Profit¹ – diluted ($)	0.47	0.62

Net cash flows from operating activities	236	350
Free Cash Flow¹	182	308

Gross cash cost¹ (USc/lb)	144	145
Aktogay	101	109
Bozshakol	157	127
East Region and Bozymchak	236	250

Net cash cost¹ (USc/lb)	80	82
Aktogay	96	107
Bozshakol	42	55
East Region and Bozymchak	103	77

Borrowings	3,299	3,705
Cash and cash equivalents	739	1,653
Net debt¹	2,560	2,052

Alternative Performance Measures (“APMs”) are used to assess the performance of the Group and are not defined or specified under IFRS. For further information on APMs, including justification for their use, please refer to APMs section on page 49 of the full report.
Payable metal in concentrate and copper cathode from Aktogay oxide ore.

Andrew Southam, Chief Executive Officer, said:

“KAZ Minerals recorded EBITDA of $620 million in the first half of 2019, delivering increased production and maintaining the Group’s industry leading low cost position. The Group’s near and long term growth projects at Aktogay and Baimskaya are both on track, with the primary crusher, sulphide concentrator and mining fleet upgrade progressing well at Aktogay and pioneer works at Baimskaya approved to commence in the second half of 2019.”

Please follow the link to download the full announcement

Notice of 2019 half-yearly results

NOTICE OF HALF-YEARLY RESULTS FOR THE PERIOD ENDED 30 JUNE 2019

KAZ Minerals PLC will announce its half-yearly results for the six months ended 30 June 2019 on Thursday 15 August 2019 at 7.00am (UK time).

A presentation for analysts will be held in the Theatre & Theatre Gallery at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS on Thursday 15 August 2019 at 9.30am (UK time).

The presentation for analysts can also be accessed by conference call on Thursday 15 August 2019 at 9.30am (UK time). The dial-in details are as follows:

Telephone: +44 (0) 20 3003 2666

Please quote the password: KAZ Minerals Interim Results 2019

A webcast of the presentation for analysts will also be available on the KAZ Minerals website (www.kazminerals.com).

PLEASE FOLLOW THE LINK TO DOWNLOAD THE FULL ANNOUNCEMENT