Kazakhmys
Encyclopedia
Kazakhmys Plc 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.
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. 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
. In 2008 the Company increased its holding in Eurasian Natural Resources Corporation
to 22%.
but the Company has a German subsidiary called Mansfelder Kupfer & Messing ('MKM'), a semi-product producer of long standing.
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
. Its headquarters are in London, United Kingdom. The headquarters of its main subsidiary, Kazakhmys Corporation, are located in the city of Karaganda
Karaganda
Karagandy , more commonly known by its Russian name Karaganda, , is the capital of Karagandy Province in Kazakhstan. It is the fourth most populous city in Kazakhstan, behind Almaty , Astana and Shymkent, with a population of 471,800 . In the 1940s up to 70% of the city's inhabitants were ethnic...
, Kazakhstan. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
, also it is secondarily listed in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
in June 2011.
History
The company's origins date back to 1930 when operations began at the BalkhashBalkhash
Balkhash may refer to * Balkhash , a city at Lake Balkhash, Kazakhstan* Balkhash Lake, a lake in Kazakhstan* Balkhash perch, a species of perch found in Kazakhstan, Uzbekistan and China...
copper smelting complex in Kazakhstan
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
. The company operates 16 open pit and underground mines along with two smelting and refining plants in the Republic of Kazakhstan. The Company was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in October 2005 with an opening market capitalisation of £2.6 billion, making a billionaire of its main shareholder, Vladimir Kim
Vladimir Kim
Vladimir Sergeyevich Kim is a Kazakhstan businessman of Korean descent.Kim is chairman of the copper mining company Kazakhmys, which is quoted on the London Stock Exchange. He owns around 45% of the firm....
. In 2008 the Company increased its holding in Eurasian Natural Resources Corporation
Eurasian Natural Resources Corporation
Eurasian Natural Resources Corporation PLC is a diversified natural resources company headquartered in London, United Kingdom. It has activities in mining, processing, energy, logistics and marketing....
to 22%.
Operations
The main operations are in KazakhstanKazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
but the Company has a German subsidiary called Mansfelder Kupfer & Messing ('MKM'), a semi-product producer of long standing.
Senior management
| role | salary | bonus | total | |
|---|---|---|---|---|
| Oleg Novachuk | Chief Executive Officer and Executive Director | £819,000 | £287,000 | £1,106,000 |
| Vladimir Kim | Executive Chairman | £1,029,000 | £360,000 | £1,389,000 |
| Matthew Hird | Chief Financial Officer | £409,000 | £163,000 | £572,000 |
| Eduard Ogay | Chief Executive Officer of Kazakhmys LLC | £523,000 | £523,000 |