Kazakhmys

Kazakhmys plc
Type Public company (KASE: GB_KZMS)
Traded as LSE: KAZ, SEHK: 0847
Industry Mining
Founded 1930
Headquarters London, United Kingdom
Key people Vladimir Kim, Chairman
Oleg Novachuk, CEO
Products Copper, zinc, silver, gold
Revenue $3,237 million (2010)[1]
Operating income $1,658 million (2010)[1]
Net income $1,450 million (2010)[1]
Website www.kazakhmys.com

Kazakhmys Plc (LSE: KAZ, KASE: GB_KZMS, SEHK: 0847) is a UK-registered copper mining company whose main assets are located in Kazakhstan. Its headquarters are in London, United Kingdom. The headquarters of its main subsidiary, Kazakhmys Corporation, are located in the city of Karaganda, Kazakhstan. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index, also it is secondarily listed in Hong Kong in June 2011.[2]

Contents

History

The company's origins date back to 1930 when operations began at the Balkhash copper smelting complex in Kazakhstan. The company operates 16 open pit and underground mines along with two smelting and refining plants in the Republic of Kazakhstan.[3][4] The Company was first listed on the London Stock Exchange in October 2005 with an opening market capitalisation of £2.6 billion, making a billionaire of its main shareholder, Vladimir Kim.[3] In 2008 the Company increased its holding in Eurasian Natural Resources Corporation to 22%.[5]

Operations

The main operations are in Kazakhstan but the Company has a German subsidiary called Mansfelder Kupfer & Messing ('MKM'), a semi-product producer of long standing.[6]

Senior management

role salary bonus total
Oleg Novachuk[7] Chief Executive Officer and Executive Director £819,000 £287,000 £1,106,000
Vladimir Kim[8] Executive Chairman £1,029,000 £360,000 £1,389,000
Matthew Hird[9] Chief Financial Officer £409,000 £163,000 £572,000
Eduard Ogay[10] Chief Executive Officer of Kazakhmys LLC £523,000 £523,000

References

  1. ^ a b c Preliminary Results 2010
  2. ^ "Kazakhmys chairman sells shares, company may list in Hong Kong". http://www.mining-journal.com/finance/kazakhmys-chairman-sells-shares,-company-may-list-in-hong-kong. Retrieved 7 October 2010. 
  3. ^ a b Kazakhmys History
  4. ^ Kazakhmys profile and review
  5. ^ Kazakhmys not planning takeover of Eurasian International Business Times, June 2008
  6. ^ Troubled Company Reporter
  7. ^ "Oleg Novachuk: Executive Profile & Biography". BusinessWeek. McGraw-Hill. http://investing.businessweek.com/research/stocks/people/person.asp?personId=26200371&ric=KAZ.L. Retrieved 17 September 2009. 
  8. ^ "Vladimir Kim: Executive Profile & Biography". BusinessWeek. McGraw-Hill. http://investing.businessweek.com/research/stocks/people/person.asp?personId=26200410&ric=KAZ.L. Retrieved 17 September 2009. 
  9. ^ "Matthew Hird: Executive Profile & Biography". BusinessWeek. McGraw-Hill. http://investing.businessweek.com/research/stocks/people/person.asp?personId=23294821&ric=KAZ.L. Retrieved 17 September 2009. 
  10. ^ "Eduard Ogay: Executive Profile & Biography". BusinessWeek. McGraw-Hill. http://investing.businessweek.com/research/stocks/people/person.asp?personId=36035185&ric=KAZ.L. Retrieved 17 September 2009. 

External links

KASE Index companies of Kazakhstan Stock Exchange