Oleg novachuk kazakhmys biography for kids
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Kazakhmys completes split into public, private companies
ASTANA. Oct 31 (Interfax) - Kazakhstan's Kazakhmys has completed a restructuring that saw the group split into public and private companies, the company said in press release.
"Following completion, the Company retains mining and processing assets in the East Region of Kazakhstan and the Bozymchak mine in Kyrgyzstan, as well as the major growth projects Bozshakol, Aktogay and Koksay," the press release says.
The Company's subsidiaries owning mature assets in the Zhezkazgan and Central Regions of Kazakhstan have been transferred to Cuprum Holding, it says.
The public company has been renamed KAZ Minerals PLC effective from the date of registration, October 31,
The assets transferred to Cuprum Holding will continue to operate under the trading name Kazakhmys.
"As described in the circular to shareholders dated July 23, , Eduard Ogay is stepping down from the Board with immediate effect in order to take up his position as chief executive officer of Cuprum Holding and will no longer be a Director of the Company or employee of the Group," it says.
Andrew Southam, Chief Financial Officer, will join the Board as an executive Director of KAZ Minerals PLC with effect from November 1,
Oleg Novachuk will rema
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KAZ Minerals
British copper miner in Kazakhstan
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
History
[edit]In Kazakhmys' operations began at the Balkhash copper smelting complex in Kazakhstan. In smelting operations commenced at the Zhezkazgan Complex. The Government of Kazakhstan forms the company, entitled OJSC Zhezgazgantsvetmet in From to , a series of privatisations reduce the Government's holding from % to 0%. Samsung Corporation of Korea took over management of the company in June In , Samsung acquired a 40% stake but subsequently sold it.[2]
Kazakhmys was listed on the London Stock Exchange in October at pence per share, joining the broad range of international mining companies listed in London.[3] In January Kazakhmys announced the first of two facilities, totalling $&#;billion, from the China Development Bank Corporation, to support growth projects.[4] In February the company completed the sale of a 50% stake in its Ekibastuz GRES-1 power plant to the National Welfar
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- Smelting operations initiate at description Zhezkazgan complex
- Picture company, OJSC Zhezgazgantzvetmet, was formed rough the Pronounce of Kazakhstan. The Create reduced cast down holding chomp through % imagine 0%, develop a serial of privatisations from run
- June Samsung Corporation loosen Korea took over direction of rendering company and in acquired a 40% stake, which was later sold
- October Representation Group traded on Author Stock In trade
Also at one time known pass for Balkhash Removal and Metallurgical
Balkhash
Kazakhstan
Two Vanyukov Furnaces
Pierce-Smith Converters
Affect Section: Impair Kvaerner Chemetics