KAZ Minerals plc announced that following a review of the Group's Aktogay project, the expected project cost has been reduced by $100 million to $2,200 million. The project has benefitted from the experience gained at Bozshakol and from the use of local contractors following the 2015 tenge devaluation. The lowered budget for the Aktogay project results in revised capital expenditure guidance for 2016 of $230 million and 2017 of $350 million. The final payment of $300 million to the project's principal construction contractor remains deferred to 2018, after the project has been completed.