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{{Short description|Kazakhstani mining company}}
{{Use dmy dates|date=April 2011}} {{Use dmy dates|date=November 2021}}
{{More sources needed|date=September 2022}}
{{Infobox company {{Infobox company
| company_name = Kazakhmys plc | name = Kazakhmys Holding
| company_logo = ] | logo = Kazakhmys.svg
| logo_size = 200px
| company_type = Public company ({{KASE|GB_KZMS}})
| type = Private Company
| traded_as = {{lse|KAZ}}, {{hkex|0847}}
| foundation = 1930 | foundation = 1992
| location = London, United Kingdom | location = Kazakhstan: Karaganda, Abaya
str., 12
| key_people = ], Chairman <br /> Oleg Novachuk, CEO
| key_people = Vladimir Kim, President <br /> Nurakhmet Nuriev, CEO<ref>{{cite web|url=https://www.nur.kz/politics/kazakhstan-economy/1999771-predsedatelem-pravleniya-too-korporatsiya-kazahmys-naznachen-nurahmet-nuriev|title=Председателем правления ТОО "Корпорация Казахмыс" назначен Нурахмет Нуриев|language=ru|publisher=nur.kz|date=2022-12-01|access-date=2022-12-01}}</ref>
| industry = Mining
| industry = {{hlist|Metallurgy|Mining industry}}
| products = Copper, zinc, silver, gold
| products = Cathode copper, gold in ingots, silver in granules, copper wire rod, zinc in concentrate
| revenue = ]3,563&nbsp;million (2011)<ref name=prelims></ref>
| revenue = 883.475 million tenge (2020); 718.087 million tenge (2019)
| operating_income = ]1,691&nbsp;million (2011)<ref name=prelims/>
| operating_income = 168,302 million tenge (2020); 103,817 million tenge (2019)
| net_income = ]930&nbsp;million (2011)<ref name=prelims/>
| net_income = 115.422 million tenge (2020); 63.907 million tenge (2019)
| num_employees =
| num_employees = About 37,000 people (2020)
| parent =
| 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.
| subsid =
| subsid = 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
| homepage = | homepage =
| footnotes = | footnotes =
}} }}


'''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.
'''Kazakhmys Plc''' ({{LSE|KAZ}}, {{KASE|GB_KZMS}}, {{hkex|0847}}) is a UK-registered copper mining company whose main assets are located in ]. Its headquarters are in London, United Kingdom. The headquarters of its main subsidiary, Kazakhmys Corporation, are located in the city of ], Kazakhstan. It is listed on the ] and is a constituent of the ], also it is secondarily listed in ] in June 2011.<ref>{{Cite web|url=http://www.mining-journal.com/finance/kazakhmys-chairman-sells-shares,-company-may-list-in-hong-kong
|accessdate=7 October 2010
|title=Kazakhmys chairman sells shares, company may list in Hong Kong
}}</ref>


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.
]. Kazakhmys Headquarters in London, UK]]


⚫ == Owners and management ==
⚫ ==History==
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 ], a citizen of the Republic of Kazakhstan.
The company's origins date back to 1930 when operations began at the ] copper smelting complex in ]. The company operates 16 open pit and underground mines along with two smelting and refining plants in the Republic of Kazakhstan.<ref name="history"></ref><ref name="history 2"></ref> The Company was first listed on the ] in October 2005 with an opening ] of £2.6&nbsp;billion, making a billionaire of its main shareholder, ].<ref name="history"/> In 2008 the Company increased its holding in ] to 22%.<ref> International Business Times, June 2008</ref>


== Activity ==
], Kazakhstan]]
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).
==Operations==
The main operations are in ] but the Company has a German subsidiary called Mansfelder Kupfer & Messing ('MKM'), a semi-product producer of long standing.<ref></ref>


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.
⚫ ==Senior management==

{| class="wikitable"
== Assets ==
! !! role !! salary !! bonus !! total
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.
|-

| Oleg Novachuk<ref>{{Cite web |title=Oleg Novachuk: Executive Profile & Biography |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=26200371&ric=KAZ.L |work=BusinessWeek |publisher=] |accessdate=17 September 2009}}</ref> || Chief Executive Officer and Executive Director || £819,000 || £287,000 || £1,106,000
== 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.
| Vladimir Kim<ref>{{Cite web |title=Vladimir Kim: Executive Profile & Biography |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=26200410&ric=KAZ.L |work=BusinessWeek |publisher=] |accessdate=17 September 2009}}</ref> || Executive Chairman || £1,029,000 || £360,000 || £1,389,000

|-
⚫ ==History==
| Matthew Hird<ref>{{Cite web |title=Matthew Hird: Executive Profile & Biography |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=23294821&ric=KAZ.L |work=BusinessWeek |publisher=] |accessdate=17 September 2009}}</ref> || Chief Financial Officer || £409,000 || £163,000 || £572,000
In April 1931, Balkhashmet was established, in 1938 copper was smelted in Balkhash, in 1943 the BMZ plant began work in Zhezkazgan.
|-

| Eduard Ogay<ref>{{Cite web |title=Eduard Ogay: Executive Profile & Biography |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=36035185&ric=KAZ.L |work=BusinessWeek |publisher=] |accessdate=17 September 2009}}</ref> || Chief Executive Officer of Kazakhmys LLC || £523,000 || || £523,000
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== ==References==
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==External links== ==External links==
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{{Portal|Companies}} {{Portal|Companies}}
{{FTSE 100 Index constituents}}
{{KASE companies}}


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Latest revision as of 09:09, 21 October 2024

Kazakhstani mining company

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Kazakhmys Holding
Company typePrivate Company
Industry
  • Metallurgy
  • Mining industry
Founded1992
HeadquartersKazakhstan: Karaganda, Abaya str., 12
Key peopleVladimir Kim, President
Nurakhmet Nuriev, CEO
ProductsCathode copper, gold in ingots, silver in granules, copper wire rod, zinc in concentrate
Revenue883.475 million tenge (2020); 718.087 million tenge (2019)
Operating income168,302 million tenge (2020); 103,817 million tenge (2019)
Net income115.422 million tenge (2020); 63.907 million tenge (2019)
Number of employeesAbout 37,000 people (2020)
Parent99.1% 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.
SubsidiariesKazakhmys 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
Websitewww.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

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