This article needs additional citations for verification .(September 2022) |
![]() | |
Company type | Private Company |
---|---|
Industry |
|
Founded | 1992 |
Headquarters | Kazakhstan: Karaganda, Abaya str., 12 |
Key people | Vladimir Kim, President Nurakhmet Nuriev, CEO [1] |
Products | Cathode copper, gold in ingots, silver in granules, copper wire rod, zinc in concentrate |
Revenue | 883.475 million tenge (2020); 718.087 million tenge (2019) |
168,302 million tenge (2020); 103,817 million tenge (2019) | |
115.422 million tenge (2020); 63.907 million tenge (2019) | |
Number of employees | About 37,000 people (2020) |
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. |
Subsidiaries | 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 |
Website | www.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.
The ultimate controlling member of the Group, with a 70% ownership percentage, is Vladimir Kim, 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.
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.
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.
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.
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.
Zhezkazgan, or Jezkazgan ) is a city and the administrative centre of Ulytau Region, Kazakhstan. Population: 86,227 ; 90,001. Its urban area includes the neighbouring mining town of Satpayev, for a total city population of 148,700.
Copper extraction refers to the methods used to obtain copper from its ores. The conversion of copper ores consists of a series of physical, chemical, and electrochemical processes. Methods have evolved and vary with country depending on the ore source, local environmental regulations, and other factors.
KGHM Polska Miedź S.A., commonly known as KGHM, is a Polish multinational mining corporation headquartered in Lubin, Lower Silesia, Poland. Founded in 1961 as a state enterprise, the company is considered a major global producer of copper and silver. Since 1997, it has been listed on the Warsaw Stock Exchange (WSE). The company is also a component of the WIG30 stock market index.
Aluminum Corporation of China Limited, is a state-owned multinational aluminium company headquartered in Beijing, People's Republic of China. It is a publicly-traded company, listed in Hong Kong and in Shanghai. In 2021, it was the world's largest aluminum producer, ahead of China Hongqiao Group, Rusal and Shandong Xinfa.
Norilsk Nickel, or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia. It also has holdings in Nikel, Zapolyarny, and Monchegorsk on the Kola Peninsula, in Harjavalta in western Finland, and in South Africa.
Mining in Iran is still under development, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014. Mineral production contributes only 0.6 percent to the country's GDP. Add other mining-related industries and this figure increases to just four percent (2005). Many factors have contributed to this, namely lack of suitable infrastructure, legal barriers, exploration difficulties, and government control.
Eurasian Natural Resources Corporation PLC (ENRC) was a public, Kazakhstan/Central African-focused, multinational leading diversified natural resources company headquartered in London, United Kingdom. It had activities in integrated mining, processing, energy, logistics and marketing.
National Atomic Company Kazatomprom Joint Stock Company (Kazatomprom) (Kazakh: Қазатомөнеркәсіп, romanized: Qazatomónerkásip) is the world’s largest producer and seller of natural uranium, providing over 40% of global primary uranium supply in 2019 from its operations in Kazakhstan. Kazatomprom's uranium is used for the generation of nuclear power around the world.
Mount Isa Mines Limited ("MIM") operates the Mount Isa copper, lead, zinc and silver mines near Mount Isa, Queensland, Australia as part of the Glencore group of companies. For a brief period in 1980, MIM was Australia's largest company. It has pioneered several significant mining industry innovations, including the Isa Process copper refining technology, the Isasmelt smelting technology, and the IsaMill fine grinding technology, and it also commercialized the Jameson Cell column flotation technology.
The mineral industry of Kazakhstan is one of the most competitive and fastest growing sectors of the country. Kazakhstan ranks second to Russia among the countries of the CIS in its quantity of mineral production. It is endowed with large reserves of a wide range of metallic ores, industrial minerals, and fuels, and its metallurgical sector is a major producer of a large number of metals from domestic and imported raw materials. In 2005, its metal mining sector produced bauxite, chromite, copper, iron, lead, manganese, and zinc ores, and its metallurgical sector produced such metals as beryllium, bismuth, cadmium, copper, ferroalloys, lead, magnesium, rhenium, steel, titanium, and zinc. The country produced significant amounts of other nonferrous and industrial mineral products, such as alumina, arsenic, barite, gold, molybdenum, phosphate rock, and tungsten. The country was a large producer of mineral fuels, including coal, natural gas, oil, and uranium. The country's economy is heavily dependent on the production of minerals. Output from Kazakhstan's mineral and natural resources sector for 2004 accounted for 74.1% of the value of industrial production, of which 43.1% came from the oil and gas condensate extraction. In 2004, the mineral extraction sector accounted for 32% of the GDP, employed 191,000 employees, and accounted for 33.1% of capital investment and 64.5% of direct foreign investment, of which 63.5% was in the oil sector. Kazakhstan's mining industry is estimated at US$29.5 billion by 2017.
The mineral industry of Russia is one of the world's leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States' production of a range of mineral products, including metals, industrial minerals, and mineral fuels. In 2005, Russia ranked among the leading world producers or was a significant producer of a vast range of mineral commodities, including aluminum, arsenic, cement, copper, magnesium compounds and metals, nitrogen, palladium, silicon, nickel and vanadium.
The Chillagoe smelters is a heritage-listed refinery at Chillagoe-Mungana Caves National Park, Mareeba Mining District, Chillagoe, Shire of Mareeba, Queensland, Australia. It operated in the early 1900s. It is also known as Chillagoe State Smelters. It was added to the Queensland Heritage Register on 21 October 1992.
Solidcore Resources plc, formerly Polymetal International plc, is a Kazakh precious mining company registered in AIFC, Astana, Kazakhstan. It is listed on the Astana International Exchange.
Mopani Copper Mines PLC is a Zambian company that produces and sells copper and cobalt to the international market, being one of the biggest mines and exporters in the world.
Mining in North Korea is important to the country's economy. North Korea is naturally abundant in metals such as magnesite, zinc, tungsten, and iron; with magnesite resources of 6 billion tonnes, particularly in the North and South Hamgyong Provinces, as well as the Chagang Province. However, often these cannot be mined due to the acute shortage of electricity in the country, as well as the lack of proper tools to mine these materials and an antiquated industrial base. Coal, iron ore, limestone, and magnesite deposits are larger than other mineral commodities. Mining joint ventures have occurred with other countries include China, Canada, Egypt, and South Korea.
Balhashcvetmet, formerly known as BGMC, for Balkhash Mining and Metallurgical Combine, is a copper-smelting combine located on the northern coast of the Lake Balkhash in Balkhash, Kazakhstan.
KAZ Minerals is a copper producer in Kazakhstan and Kyrgyzstan, focused on the mining of copper and the development of new copper mining projects in Kazakhstan and Kyrgyzstan.
Waste management in Kazakhstan is an important concern within the country, considering the billions of tons of industrial waste produced yearly, the currently less-than-optimal state of solid waste management, and existing toxins remaining from both pollutants and Kazakhstan's historical position as the USSR's testing grounds for rockets and nuclear weapons. Kazakhstan has very few services for recycling solid waste, and waste management is currently dealt with using regional programs.
The metallurgical production of the Republic of Azerbaijan is considered high due to the large deposits of alunite, polymetallic ores, deposits of iron ore, etc. The metallurgy industry of Azerbaijan encompasses both ferrous and non-ferrous branches.