KAZ MINERALS 6THFLOOR
CARDINAL PLACE
100 VICTORIA STREET LONDON SW1E 5JL
Tel: +44 (0) 20 7901 7800
23 November 2016 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Andrew Southam | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | KAZ Minerals PLC | ||||
b) | LEI | 2138001H9E453FQRFY56 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 20 pence each GB00B0HZPV38 | ||||
b) | Nature of the transaction | Purchase of ordinary shares under the partnership shares element of the KAZ Minerals PLC UK Share Incentive Plan 2010 | ||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
350.2 pence per share | 43 | |||||
d) | Aggregated information
| Single transaction |
e) | Date of the transaction | 21 November 2016 |
f) | Place of the transaction | London Stock Exchange (XLON) |
Susanna Freeman Company Secretary
+44 (0)20 7901 7826
23 November 2016
For further information please contact:KAZ Minerals PLC | ||
Chris Bucknall Anna Mallere Maksut Zhapabayev | Investor Relations, London Financial Analyst, London Corporate Communications, Almaty | Tel: +44 20 7901 7882 Tel: +44 20 7901 7814 Tel: +7 727 244 03 53 |
Instinctif Partners | ||
David Simonson | Tel: +44 20 7457 2020 |
REGISTERED OFFICE
6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.
NOTES TO EDITORSKAZ Minerals PLC ("KAZ Minerals" or "the Group") is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. It operates four mines and three concentrators in the East Region of Kazakhstan, the Bozymchak copper-gold mine in Kyrgyzstan, the Bozshakol open pit copper mine in the Pavlodar region of Kazakhstan and the SX/EW plant at Aktogay. In 2015, total copper cathode output from the East Region and Bozymchak was 81 kt with by-products of 94 kt of zinc in concentrate, 3,135 koz of silver and 35 koz of gold bar.
The Group's major growth projects at Bozshakol and Aktogay are expected to deliver one of the highest growth rates in the industry and transform KAZ Minerals into a company dominated by world class, open pit copper mines.
Bozshakol is a first quartile asset on the global cost curve and will have an annual ore processing capacity of 30 million tonnes when fully ramped up, with a mine life of 40 years at a copper grade of 0.36%. The mine and processing facilities will produce 100 kt of copper cathode equivalent and 120 koz of gold in concentrate per year over the first 10 years of operations.
The Aktogay project is a large scale, open pit development similar to Bozshakol, with a mine life of more than 50 years and average copper grades of 0.37% (oxide) and 0.33% (sulphide). Aktogay commenced production of copper cathode from oxide ore in December 2015, and the production of copper in concentrate from sulphide ore is expected to begin in the first half of 2017. The sulphide concentrator will have an annual ore processing capacity of 25 million tonnes when fully ramped up. Aktogay is competitively positioned on the global cost curve and will produce an average of 90 kt of copper cathode equivalent from sulphide ore and 15 kt of copper cathode from oxide ore per year over the first 10 years of operations.
KAZ Minerals is listed on the London Stock Exchange, the Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and employs around 12,000 people, principally in Kazakhstan.
KAZ Minerals plc published this content on 23 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 November 2016 14:57:13 UTC.
Original documenthttp://www.kazminerals.com/en/investors_media/news/press_release.jsp?id=2345
Public permalinkhttp://www.publicnow.com/view/87026B593110AB1021233882BDE7B418A24811B5
