May 21, 2018 11:22 PM ET

Metals and Mining

Company Overview of Kazakhmys Corporation LLC

Company Overview

Kazakhmys Corporation LLC engages in mining, processing, smelting, refining, and selling copper and copper products. It offers copper cathode and copper rod products. The company also produces silver and gold. Its operations include open pit and underground ore mining. The company is based in Zhezkazgan, Kazakhstan. Kazakhmys Corporation LLC operates as a subsidiary of Kazakhmys Plc.

1 Metallurgov Square

Zhezkazgan,  477000

Kazakhstan

Founded in 2005

Phone:

7 710 274 4045

Fax:

7 7102 74 87 30

Key Executives for Kazakhmys Corporation LLC

Co-Chief Executive Officer
Age: 63
Co-Chief Executive Officer
Age: 47
Compensation as of Fiscal Year 2017.

Kazakhmys Corporation LLC Key Developments

Kazakhmys of Kazakhstan to Invest KZT 15 Billion in Belousovsky and North Nikolayevsky Deposits

Kazakhmys Corporation LLP plans to invest KZT 15 billion in development of the Belousovsky and North Nikolayevsky deposits in the East Kazakhstan region.

Kazakhstan Corporation to Invest KZT 16 Billion in Karagaily Industrial Complex Development

Kazakhmys Corporation intends to invest KZT 16 billion (KZT 312.55 /$1) in the Karagaili Industrial Complex Development Project. In the course of project implementation, the company plans to build and commission mines at the gold-copper deposits of Akbastau, Kusmuryn, Mizek in the East Kazakhstan region and Abyz in Karaganda region with expenditures totalled KZT 16 billion tenge. The project is to start in the next 2-3 years.

Kazakhmys Corporation Provides Earnings Guidance for the Year 2017

Kazakhmys Corporation provided earnings guidance for the year 2017. Kazakhmys Corporation plans to swing to net profit in 2017. The company plan to start generating profit in 2017. The company announced modernization projects are now underway, will reach their full capacity by the end 2016 and are expected to generate profit next year, so the whole corporation is expected to swing to net profit. At the moment, Kazakhmys is making a zero profit. Kazakhmys is implementing a number of expansion projects in order to swing to net profit. In 2016 the company is boosting its capital expenses on expansion projects 160% to KZT 115 billion.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 22, 2017
Bank Bank RBK Joint Stock Company
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