KAZ Minerals PLC began its operations in 1930 when Oleg Nikolaevich Novachuk founded it. Its first site of operation was in Kazakhstan, at the Balkhash copper smelting complex. Eventually as the business started to grow, the company settled for Almaty as it’s headquartered.
KAZ Minerals has a conventional track record of successful delivery of its services, with primary focus on large scale low-cost mining. It operates two open-pit copper mines and three underground mines in Kazakhstan and Kyrgyzstan, respectively.
Bozshakol and Aktogay are the latest mines. They are reportedly transforming KAZ minerals into a leading world-class mining company. Previously, the high growth copper company has acquired what is regarded as the most significant but undeveloped copper assets. This is the Baimskaya project in Russia.
According to KAZ, the project has the potential of becoming a renowned copper mine. The company’s listing is on the LSE market.