Kazakhmys

Kazakhmys Holding

Company type	Private Company
Industry	Metallurgy Mining industry
Founded	1992
Headquarters	Kazakhstan: Karaganda, Abaya str., 12
Key people	Vladimir Kim, President Nurakhmet Nuriev, CEO[1]
Products	Cathode copper, gold in ingots, silver in granules, copper wire rod, zinc in concentrate
Revenue	883.475 million tenge (2020); 718.087 million tenge (2019)
Operating income	168,302 million tenge (2020); 103,817 million tenge (2019)
Net income	115.422 million tenge (2020); 63.907 million tenge (2019)
Number of employees	About 37,000 people (2020)
Parent	99.1% of the company's shares belong to the organization Kazakhmys Copper JSC, registered in the Republic of Kazakhstan. The ultimate parent organization of the Company is East Copper Holdings Private Limited, registered in the Republic of Singapore.
Subsidiaries	Kazakhmys Energy, Kazakhmys Distribution, Kazakhmys Smelting LLP, Kazakhmys Distribution LLP, Kazakhmys Maintenance Services LLP, Kazakhmys Energy LLP, KAZ GREEN ENERGY LLP, HYDRO POWER PLANT TOPAR LLP, Kazakhmys Coal LLP, Kazakhmys Barlau LLP, "Maker (Maker)" LLP, "Kazphosphate" LLP
Website	www.mykazakhmys.kz

Kazakhmys Group is a vertically integrated holding company whose key assets are concentrated in the mining industry and non-ferrous metallurgy. It was established and registered in the form of a joint-stock company in August 1997. On 14 January 2005, the company was re-registered from a joint-stock company into a limited liability partnership.

In October 2014, Kazakhmys PLC was divided into the private Kazakhmys Corporation LLP and the public KAZ Minerals Plc, while Vladimir Kim still holds control in both companies.

Owners and management

The ultimate controlling member of the Group, with a 70% ownership percentage, is Kim Vladimir Sergeevich, a citizen of the Republic of Kazakhstan. 30% of the ownership of the Group belongs to Eduard Ogay, a citizen of the Republic of Kazakhstan.

Activity

Kazakhmys ranks 20th in the world in the production of copper in concentrate (271 thousand tons) and 12th in the production of rough and cathode copper (377 and 365 thousand tons, respectively, taking into account raw materials).

In 2020, the contribution of the Kazakhmys Group allowed the Republic of Kazakhstan to take the 11th place in the world ranking of silver producing countries (279 tons, 51% of the total production in the country).

According to the results of 2020, the Group ranks 3rd in the Republic of Kazakhstan in terms of electricity generation with a production volume of 7,267.53 million kWh.

Assets

Kazakhmys Group owns 13 operating mines (10 underground and 3 open), 6 processing plants and two copper smelting plants (Zhezkazgan and Balkhash copper Smelting Plant), one of which is under reconstruction, 3 power plants (GRES Topar LLP, Zhezkazgan and Balkhash thermal power plants) and one coal mine of Kazakhmys Coal LLP.

Performance indicators

In 2020, the Kazakhmys Group of Companies achieved significant success in the extraction of copper and other valuable metals. According to the results of the year, the Group has fulfilled the production plan for ore extraction by 100.76%. A total of 28 million 655 thousand tons of ore were mined. The average copper content in the mined ore was 1%, with a plan of 0.94%. In total, 31.3 million tons of ore were processed by Kazakhmys processing plants in 2020.

History

In April 1931, Balkhashmet was established, in 1938 copper was smelted in Balkhash, in 1943 the BMZ plant began work in Zhezkazgan.

In 1913, the Spassky Joint Stock Company was registered in Zhezkazgan, the head was an Englishman Leslie Urquhart.

The company was nationalized after the October Revolution in the 1920s.

References

1. "Председателем правления ТОО "Корпорация Казахмыс" назначен Нурахмет Нуриев" (in Russian). nur.kz. 1 December 2022. Retrieved 1 December 2022.

External links

• Official site