Kazakhmys

Last updated

Kazakhmys Holding
TypePrivate Company
Industry
  • Metallurgy
  • Mining industry
Founded1992
HeadquartersKazakhstan: Karaganda, Abaya str., 12
Key people
Vladimir Kim, President
Nurakhmet Nuriev, CEO [1]
ProductsCathode copper, gold in ingots, silver in granules, copper wire rod, zinc in concentrate
Revenue883.475 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.

Contents

The Group operates in the mining industry, the main activity of the group is the extraction and processing of copper ore into cathode copper and copper wire rod, refining and sale of precious metals and other associated products obtained as a result of copper mining and processing.

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.

Owners and management

The ultimate controlling member of the Group, with a 70% ownership percentage, is Kim Vladimir Sergeevich, a citizen of the Republic of Kazakhstan. 30% of the ownership of the Group belongs to Eduard Viktorovich Ogay, a citizen of the Republic of Kazakhstan.

Activity

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.

Assets

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.

Performance indicators

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. Also in 2020 , the Group produced:

- cathode copper – 258.36 thousand tons, exceeding targets by 745 tons, for the same period last year – 245.92 thousand tons, an increase of 12.44 thousand tons (+5.06%);

- gold bullion 5,950 kg, for the same period last year 4,428 kg, an increase of 1,522 kg (+34.4%);

- silver in ingots and granules 262.18 kg, for the same period last year – 223.47 kg, an increase of 38.71 kg (+17.32%).

The Group's revenue from the sale of copper cathode in 2020 amounted to 583.871 million tenge, EBITDA in 2020 amounted to 249.610 million tenge.

Structure

Subsidiaries

Kazakhmys Smelting LLP (Kazakhmys Smelting)

Kazakhmys Distribution LLP

Kazakhmys Maintenance Services LLP

Kazakhmys Energy LLP (Kazakhmys Energy)

KAZ GREEN ENERGY LLP

LLP "Main distribution power station Topar"

Kazakhmys Coal LLP (Kazakhmys Coal)

"Kazakhmys Barlau"

LLP "Maker (Maker)"

LLP "Kazphosphate

History

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.

  1. "Председателем правления ТОО "Корпорация Казахмыс" назначен Нурахмет Нуриев" (in Russian). nur.kz. 1 December 2022. Retrieved 1 December 2022.

Related Research Articles

<span class="mw-page-title-main">Mining</span> Extraction of valuable minerals or other geological materials from the Earth

Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material.

<span class="mw-page-title-main">Jezkazgan</span> City in central Kazakhstan

Jezkazgan, or Zhezkazgan, formerly known as Dzhezkazgan until 1992, is a city and the administrative centre of Ulytau Region, Kazakhstan, on a reservoir of the Kara-Kengir River. Population: 86,227 ; 90,001. Its urban area includes the neighbouring mining town of Satpayev, for a total city population of 148,700.

<span class="mw-page-title-main">Codelco</span> Chilean copper company

Codelco is a Chilean state-owned copper mining company. It was formed in 1976 from foreign-owned copper companies that were nationalised in 1971.

<span class="mw-page-title-main">Bingham Canyon Mine</span> Worlds largest open-pit copper mine, located in Utah, United States

The Bingham Canyon Mine, more commonly known as Kennecott Copper Mine among locals, is an open-pit mining operation extracting a large porphyry copper deposit southwest of Salt Lake City, Utah, in the Oquirrh Mountains. The mine is the largest man-made excavation, and deepest open-pit mine in the world, which is considered to have produced more copper than any other mine in history – more than 19,000,000 short tons. The mine is owned by Rio Tinto Group, a British-Australian multinational corporation. The copper operations at Bingham Canyon Mine are managed through Kennecott Utah Copper Corporation which operates the mine, a concentrator plant, a smelter, and a refinery. The mine has been in production since 1906, and has resulted in the creation of a pit over 0.75 miles (1,210 m) deep, 2.5 miles (4 km) wide, and covering 1,900 acres. It was designated a National Historic Landmark in 1966 under the name Bingham Canyon Open Pit Copper Mine. The mine experienced a massive landslide in April 2013 and a smaller slide in September 2013.

<span class="mw-page-title-main">Eurasian Natural Resources Corporation</span>

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.

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.

<span class="mw-page-title-main">Aktobe Region</span> Region of Kazakhstan

The Aktobe Region is a region of Kazakhstan. The name Aktobe comes from Kazakh aq 'white' and töbe 'hill' or 'top '; supposedly, Aktobe's initial settlers were able to see white mountains far to the north. The Aktobe regional capital is the city of Aktobe. The region is located in the western part of Kazakhstan. Its area is 300,629 km2, which is 11 per cent of the territory of Kazakhstan. The population is 909 673 as of June 1, 2022.

Energy in Kazakhstan describes energy and electricity production, consumption and import in Kazakhstan and the politics of Kazakhstan related to energy.

The mining industry of Botswana has dominated the national economy of Botswana since the 1970s. Diamond has been the leading component of the mineral sector since large-scale diamond production began in 1972 by Debswana. Most of Botswana's diamond production is of gem quality, resulting in the country's position as the world's leading producer of diamond by value. Copper, gold, nickel, coal and soda ash production also has held significant, though smaller, roles in the economy.

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.

<span class="mw-page-title-main">Chillagoe smelters</span> Heritage listed smelter in Queensland, Australia

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.

<span class="mw-page-title-main">Toquepala mine</span>

The Toquepala mine is a large porphyry copper mine in the Tacna Province, Tacna Department, Peru. The mine is an open-pit mine producing copper, molybdenum, rhenium and silver with minor gold and zinc.

The mining landscape in Zambia covers production of multiple mineral raw materials, including copper, cobalt, gold, nickel, manganese, emeralds, beryllium, myriad gemstones, sulfur, zinc, coal, iron ore, steel, limestone, uranium and other platinum-group metals. Mining has long been a significant primary sector industry and contributor to the Zambian economy by providing export income, royalty payments and employment.

Mopani Copper Mines PLC ("Mopani") is a Zambian registered company 100% owned by ZCCM Investment Holdings.

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 Province and 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 with other countries include China, Canada, Egypt, and South Korea.

The Bozshakol mine is a large copper mine located in northern Kazakhstan in North Kazakhstan Province. Bozshakol represents one of the largest copper deposits in Kazakhstan and largest single mine development in the Commonwealth of Independent States region by both scope and volume of production. It has estimated reserves of 1.17 billion tonnes of ore grading 0.36% copper with valuable by-products of gold and molybdenum.

<span class="mw-page-title-main">Balkhashtsvetmet</span>

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.

<span class="mw-page-title-main">KAZ Minerals</span>

KAZ Minerals plc is a British copper company focused on large scale, low cost open pit mining in Kazakhstan. The Group is listed in London and Kazakhstan stock exchanges. The company operates 3 underground mines and 2 concentrators in the East Region, one open pit mine at Bozymchak, Kyrgyzstan and is developing two major growth projects Aktogay and Bozshakol, with the third - Koksay - at scoping stage. KAZ Minerals was created after the completion of the Restructuring of Kazakhmys PLC. The company was listed on the London Stock Exchange until it was acquired by Nova Resources in April 2021.

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.