The split
with ENRC represents the end of Kazakhmys’ attempts to diversify away from
copper. The group is spending $4bn on two large open-pit copper mines in
Kazakhstan that will start production in 2015
Group items tagged
Kazakhstan - Kazakhmys expects strong copper prices at least for the next two years - 0 views
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Copper producer Kazakhmys expects that copper prices will remain strong at least for the next two years as demand growth outpaces supply. The company said that delivering copper projects is not easy whilst the market for copper is growing much faster than projects can be delivered. It was reported that Kazakhmys intends to remain a mining company in the region where they have expertise.
Kazakhmys scraps dividend after $1bn hit - 0 views
Kazakh copper sale - 0 views
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KAZAKHMYS chairman Victor Kim yesterday made nearly £840million by selling more than a quarter of his stake in the copper miner to the Kazakhstan government.
Kazakhmys gets funding from China - 0 views
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Kazakhmys, the London-listed copper producer, has secured long-awaited funding for what is set to be its biggest project with a $2.7bn (£1.7bn) loan from China's state-run Development Bank and SamrukKazyna, the Kazakh sovereign wealth fund.About $2bn of the loan will fund the development of the Boschekul copper project in northern Kazakhstan, which has been in the pipeline since 2006.
Rio Tinto exploration in Central Asia - 0 views
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Global miner Rio Tinto Ltd is ready to commit funds for an exploration drive in Central Asia that it hopes could unearth the world's next giant copper deposit, a company official told Reuters. The company hopes to start drilling in Uzbekistan this year and is ready to proceed with a joint venture in Kazakhstan to explore multiple copper targets, Rio Tinto's general manager for exploration in Central Asia Chris Welton said.
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