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.

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