Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Kazakhmys Appoints Second Contractor at Bozshakol, Raises Cost

Kazakhmys Plc, Kazakhstan’s largest copper miner, appointed China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. as a second contractor for its Bozshakol project to ensure the mine starts in 2015 and said the total budgeted cost will rise by about $350 million.

“The board believes it is in the best interests of the group and its shareholders to bring additional resource to ensure that commissioning remains on track,” Chief Executive Officer Oleg Novachuk said in a statement today.

Kazakhmys, targeting 500,000 tons of annual copper output by 2017, is building the Bozshakol and Aktogay mines at a cost of about $4 billion. It today agreed to sell its remaining 50 percent of power generator Ekibastuz LLP for $1.3 billion to bolster finances. The copper miner also is studying appointing a second contractor for Aktogay, it said in today’s statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.