Shareholders of Kazakhmys PLC on May 23 will discuss the question about dividend payment for 2005

/INTERFAX-KAZAKHSTAN, Almaty, April 21, 06/ - The next annual meeting of shareholders of Kazakhmys PLC will be held on May 23 in London, is indicated in the company's notification, which was placed on its site. Among other questions shareholders are posed to confirm the audited statement by the results of year 2005, and also to approve the dividend payment of 20.6856 pence (0.36$) per a common share and a report about payments of renumeration to members of the Board of directors. Besides, in the shareholders meeting agenda an item about reassignment of Ernst & Young as the auditor of Kazakhmys PLC until the next general meeting of the company's shareholders and about allotment of the audit committee of Kazakhmys PLC the right to determine rewards to the auditor. The copper corporation Kazakhmys in 2005 increased the net income by IFRS by 25.3% in comparison with the last year - to $538.8 m. owing to the growth of the price for copper and acquirement of assets. Earnings of the corporation for the reported period grew 2 times, totaling $2 bn. 597.5 m., EBITDA indicator - from $791.4 m. to $1 bn. 73.5 m. Pre-tax profit totaled $848.1 m. against $665.0 m. for the previous year. The production of Kazakhmys in 2005 fell by 5.3% to 387 th. tones due to decrease of metal content in the mined ore. In the end of the last year on London stock exchange Kazakhmys offered 26.2% of its shares and borrowed 661 m. pounds. Kazakhmys Corporation specializes in the production of refined copper and copper raw materials, and consolidates Zhezkazgan brass works (former Zhezkazgantcvetmet JSC), Balkhash ore mining and processing enterprise, Zhezkent ore mining and processing complex, and East Kazakhstan copper- chemical enterprise. [2006-04-21]