Kazakhyms plc is the tenth largest copper cathode producer and the tenth largest mined copper producer in the world. Its principal business is the mining, processing, smelting, refining and sale of copper and copper products, including copper cathode and copper rod. As by-products of it copper operations, the group also processes, refines and sells zinc, gold and silver.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Copper operations & others: 100%

The Times - September 28, 2006

Kazakhmys's departing chief sells shares for nearly 500m - By David Robertson


YONG KEU CHA, the chief executive of the London-listed miner Kazakhmys, has sold shares in the company worth nearly 500 million believed to be the largest sale by a director.

The South Korean-born businessman is stepping down as head of Kazakhmys at the end of the year and is taking advantage of a strong share price to liquidate some of his holding now. He sold 2 per cent of Kazakhmyss stock, worth about 102 million, into the London market yesterday, and will sell a further 2 per cent to investors based in Kazakhstan when the company lists in its domestic market later this year.

The chief executive has sold a further 7.1 per cent, worth 383 million, to Vladimir Kim, Kazakhmyss chairman, who is to become chief executive. His remaining 4.5 per cent will not be sold until at least the end of the year, under an agreement with Kazakhmyss bankers.

Kazakhmys last night insisted that the sale was good for investors because it increased the FTSE 100 companys free float to 33 per cent. However, the size of the directors sale surprised the City. The 484 million of stock sold to the market and to Mr Kim is thought to be the biggest sale by a director in London. The shares rose 18p to 11.55.

In another transaction declared yesterday, Mr Kim gave 2.5 per cent of Kazakhmys stock, worth 135 million, to Vladimir Ni, its chairman in Kazakhstan. This gift was, the group said, a reward for Mr Nis longstanding business relationship with Mr Kim.

chart quite reasonable so have switched from VED to here



red = 25 dma
green = 200 dma

possible resistance about this level; shall be watching carefully

whats the future of this company.

Currently being absolutly hammered along with potential partner ENRC.

Is this short sellers having fun or is there a problem?

KAZ is hammered...now 630p.

commodity prices have been taking a bashing for the last 6/8 weeks or more ..... if you think KAZ has fared badly, take a look at XTA!

In terms of percentage fall, KAZ is more serious.

KAZ is hammered to 480p today.

Fully aware. ENRC the same.

Mind you, XTA only down 11%!!

now down 23%

Kazakhstan shares are showing more weakness than others.

down 30%

well it is a miner after all ..... sorry for the gallows humour

Prepare for another massacre here in the next couple of days.

What a bright spark you are.

And what do you base your opinion on?

Thank you, you are as bright as me. I see KAZ at 200p.

Looks like merger talks did not materialise...wow



LONDON, Oct 17 (Reuters) - Kazakh mining firm Kazakhmys said on Friday it had halted negotiations about a possible merger, but gave no details.

In July, sources close to the discussions told Reuters that Russia's Metalloinvest was Kazakhmys' suitor and that a main driver for its interest in the Kazakh firm was as an alternative to its own plan to list its shares in London.

On Oct. 2, an official with Metalloinvest's holding company was quoted as saying the steel and iron ore firm had dropped plans for an initial public share offering this year due to market conditions.

'Discussions regarding a possible combination with a third party, first announced on 14 July 2008, have ended,' a Kazakhmys statement said.

Justyi, I think you are wrong with saying KAZ is going down. The failed merger has turned the fate of KAZ. It is on the rise now. BUY at 360p.

Kazakhmys PLC Production Report for the Third Quarter Ended 30 September 2008 & Interim Management Statement



Increase in cathode production from own material to 92 kt in Q3 2008 from 82 kt in Q2 2008

Assisted by continued improvement in equipment availability
Increase in Q3 brings production for first 9 months of 2008 to 249 kt, in line with the corresponding period of 2007
Maintain previous guidance of full year 2008 copper cathode production from own material being at the same level as 2007



Demand for copper products has remained firm throughout the year in spite of financial market turbulence

By-product and gold output has generally been positive in the first 9 months of 2008

Gold by-product output increased by 13% to 92 koz, benefiting from higher gold content at two new mines
In addition, our gold division increased output 17% to 42 koz
Zinc in concentrate output increased by 3% to 105 kt
Silver production decreased by 18% to 12 moz reflecting lower mined ore output in Zhezkazgan region



Kazakhmys Power increased power generated by 29% to 7,900 GWh of electricity during first 9 months of 2008

Reflecting increased demand for electricity in Kazakhstan and significant growth potential of the power plant

A review of activities is underway to take account of current market conditions

Marginal operations are being assessed for temporary closure during period of price weakness
Pre-feasibility studies for the major projects at Aktogay and Boschekul will continue as they require limited capital spend in the near term
Discretionary capital expenditure is likely to be reduced until more attractive pricing materialises



Oleg Novachuk, Chief Executive Officer, said 'This is a sound set of results, with production increasing over the year. We are therefore on track with our outlook given at the start of the year, in spite of the severe winter weather in the first quarter. Demand from our customers has so far this year been solid and we are positive about the long term outlook for copper in light of potential supply demand dynamics. However, we are clearly in a challenging and volatile environment and we are reviewing our operations and capital expenditure to reflect current market conditions. We are pleased with the performance of our power business, which increased power generated by 29% over the first 9 months of 2008.'