Month: October 2019

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 8,297,837 ordinary shares in treasury and therefore the issued share capital of the Company which carries voting rights of one vote per share comprises 472,426,140 ordinary shares (excluding treasury shares).

The above figure of 472,426,140 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.

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

Q3 2019 Production Report

KAZ MINERALS GROUP Production Report for NINE months and THE THIRD QUARTER Ended 30 sEPTEMBER 2019

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Operational highlights
  • Record quarterly copper production1 of 82.9 kt (Q2 2019: 77.6 kt) and gold production2 of 58.5 koz (Q2 2019: 44.3 koz), driven by strong performance from Aktogay and Bozshakol
  • Copper production1 on track for full year guidance of c.300 kt and gold production2 now forecast to exceed the top end of guidance of 170-185 koz by around 5%
Aktogay
  • Copper production1 in Q3 of 37.3 kt, in line with previous quarter (Q2 2019: 37.4 kt), as high sulphide copper grade and throughput levels maintained
  • Full year copper production1 expected to be at upper end of guidance range of 130-140 kt
Bozshakol
  • Copper production2 increased by 38% to 32.1 kt (Q2 2019: 23.3 kt) and gold production2 rose by 47% to 43 koz (Q2 2019: 30 koz), a record quarter for Bozshakol
  • Ore processed increased by 30% to 8,378 kt (Q2 2019: 6,438 kt) as both plants operated without major scheduled maintenance and average copper and gold grades increased, as planned
  • Bozshakol expected to achieve full year copper production2 guidance of 105-115 kt and the upper end of gold production2 guidance of 130-140 koz
East Region and Bozymchak
  • Copper production2 of 13.5 kt (Q2 2019: 16.9 kt), due to lower processing volumes and grades in the period, on track to achieve full year copper production2 guidance of c.55 kt
  • Gold production2 of 14 koz (Q2 2019: 14 koz), now forecast to exceed full year guidance of 40-45 koz

 

Group production summary3

 

9m 2019

9m

2018

 

Q3 2019

Q2 2019

Q3 2018

Copper production1

kt

 230.5

216.8

 

82.9

 77.6

77.2

Aktogay

kt

 111.4

95.4

 

37.3

 37.4

34.9

Bozshakol

kt

79.2 

75.0

 

32.1

23.3 

25.2

East Region & Bozymchak

kt

 39.9

46.4

 

13.5

 16.9

17.1

Gold production2

koz

146.2

135.0

 

58.5

 44.3

45.2

Silver production2

koz

2,496

2,578

 

944

926

941

Zinc in concentrate

kt

28.9

38.3

 

10.5

 12.2

13.4

1 Payable metal in concentrate and copper cathode from Aktogay oxide ore.

2Payable metal in concentrate.

3See appendix for metal production by asset.

 

Andrew Southam, Chief Executive Officer, said: “I am pleased to report a record quarter from our large scale, low cost open pit mines, delivering 83 kt of copper and 59 koz of gold. Following output growth of 6% in the first nine months, the Group is well positioned to deliver full year copper production in line with guidance of around 300 kt, whilst gold production is now forecast to exceed guidance of 170-185 koz. The Group’s operating assets provide a strong platform to support our growth pipeline.”

 

For further information please contact:

KAZ Minerals PLC

 

 

Chris Bucknall

Investor Relations, London

Tel: +44 20 7901 7882

Anna Mallere

Investor Relations, London

Tel: +44 20 7901 7814

Maksut Zhapabayev

Corporate Communications, Almaty

Tel: +7 727 244 03 53

Brunswick Group

 

 

Carole Cable, Charlie Pretzlik

 

Tel: +44 20 7404 5959

 

REGISTERED OFFICE

6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

 

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Notification in accordance with Listing Rule 9.6.14R Alison Baker 2019 appointment Helios.pdf

In accordance with Listing Rule 9.6.14R, the Company announces that Alison Baker, an independent non-executive Director of the Company, has stepped down as an independent non-executive director of Centamin plc, a company listed on the London Stock Exchange and the Toronto Stock Exchange, with immediate effect.

 

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