KAZ Minerals

KAZ Minerals

About

KAZ Minerals is a high growth copper company focused on large scale, low cost open pit mining in Kazakhstan. The Company is listed in London, Kazakhstan and Hong Kong. It is a leading copper producer in Kazakhstan with four underground operating mines and three concentrators in the East region in Kazakhstan, Bozymchak open pit mine and a concentrator in Kyrgyzstan, and three major growth projects: Aktogay, Bozshakol and Koksay. In 2014, total copper cathode output from continuing operations was 84 kt. The Group also produced 121 kt of zinc in concentrate, 3,435 koz of silver and 35 koz of gold in 2014. In 2015, production from East Region and Bozymchak is expected to be 80-85 kt of copper cathode, 90-95 kt of zinc in concentrate, 42-47 koz of gold bar and 2,250-2,500 koz of silver granule. We plan to increase our copper production significantly with the commencement of our Major Growth Projects – Bozshakol, Aktogay and Koksay. At every step, we aim to deliver value, not volume. In October 2014 we completed a major restructuring of the Group which will enable us to focus on the delivery of our Major Growth Projects. Our goal is to achieve 80% of ore output from large scale, low cost open pit mines producing approximately 300 kt of copper in concentrate by 2018. This represents a compound annual growth in production of 28% between 2013 and 2018 – amongst the highest in the industry.

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