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Kazakhmys plc
Type Public (LSE: KAZ)
Founded 1930
Headquarters London, England, UK
Key people Vladimir Kim, Chairman
Oleg Novachuk, CEO
Industry Mining
Products Copper, Zinc, Silver, Gold.
Revenue $5,151 million (2008)
Operating income $896 million (2008)
Net income $910 million (2008)

Kazakhmys Plc (LSE: KAZ) is a UK-registered copper mining company whose main assets are located in Kazakhstan. Its headquarters are in London, United Kingdom. The headquarters of its main subsidiary, Kazakhmys Corporation, are in Zhezkazgan, Kazakhstan. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.



The company's origins date back to 1930 when operations began at the Balkhash copper smelting complex in Kazakhstan. The company operates 16 open pit and underground mines along with two smelting and refining plants in the Republic of Kazakhstan.[1] [2] The Company was first listed on the London Stock Exchange in October 2005 with an opening market capitalisation of £2.6 billion, making a billionaire of its main shareholder, Vladimir Kim.[1] In 2008 the Company increased its holding in Eurasian Natural Resources Corporation to 22%.[3]


The main operations are in Kazakhstan but the Company has a German subsidiary called Mansfelder Kupfer & Messing ('MKM'), a semi-product producer of long standing.[4]

Senior management

role salary bonus total
Oleg Novachuk[5] Chief Executive Officer and Executive Director £819,000 £287,000 £1,106,000
Vladimir Kim[6] Executive Chairman £1,029,000 £360,000 £1,389,000
Matthew Hird[7] Chief Financial Officer £409,000 £163,000 £572,000
Eduard Ogay[8] Chief Executive Officer of Kazakhmys LLC £523,000 £523,000


External links



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