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.
The company was listed on the London Stock Exchange and Kazakhstan Stock Exchange until it was acquired by Nova Resources in April 2021.
History
In 1930 Kazakhmys' operations began at the Balkhash copper smelting complex in Kazakhstan. In 1971 smelting operations commenced at the Zhezkazgan Complex. The Government of Kazakhstan forms the company, entitled OJSC Zhezgazgantsvetmet in 1992. From 1992 to 2002, a series of privatisations reduce the Government's holding from 100% to 0%. Samsung Corporation of Korea took over management of the company in June 1995. In 1996, Samsung acquired a 40% stake but subsequently sold it.[2]
Kazakhmys was listed on the London Stock Exchange in October 2005 at 540 pence per share, joining the broad range of international mining companies listed in London.[3]