Kazakhmys to invest USD 6bn in Kazakhstan.

By bne IntelliNews February 14, 2011
Copper major Kazakhmys plans to invest USD 6bn over the next 3-4 years to upgrade its metal plants and develop energy and mining projects, the companys chairman Vladimir Kim has stated. He explained that the investment would be financed though a mixture of its own resources and long-term loans from international lenders. The funds will be allocated in energy, in mining enterprises and in the entire renovation of the metallurgical complex. Kazakhmys is 10th largest copper miner in the world. The company expects production at the stable level this year. The company trades its shares on the LSE.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss