/KASE, February 12, 10/ - KAZAKHMYS PLC (London), listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated February 12, 2010:

Quotation begins

Today the Kazakhmys Group provided details to Pavlodar Akim Bakytzhan Sagintaev on strategic development of Bozshakol deposit - arguably one of the largest copper projects worldwide. The Group is going to spend up to USD2 bn from the loan obtained within the credit line provided to National wellbeing fund Samruk-Kazyna by the China Development Bank.

The proposed capacity of the mining complex is 25 million tones a year (roughly 100 th tones in concentrate). The first concentrate will be obtained in 2014. The deposit will as well mine molybdenum and gold in concentrate.

A 27-km conduit will be built from Shudertinsk reservoir to supply water, and a 85-km high tension line will be built from Ekibastuz GRES-1 to supply energy. The mining complex will comprise industrial buildings, man camp, support facilities, warehouses, communications, power lines, conveyers, railways and highways. Roughly 4500 people will be engaged to build the complex, and 1500 people will work at the complex.

Oleg Novachuk, Kazakhmys CEO commented: "The provided financing will allow for actively developing Bozshakol deposit. We have thoroughly introduced the project and agreed on the project targets with Bakytzhan Adbirovich. We are confident our joint fruitful activity will facilitate further economical and social rise in the region and in the country".

Contact: Kazakhmys PLC: John Smelt Corporate Relations Tel: +44 20 7901 7882 Tel: +44 78 7964 2675 Irene Burton Financial Analyst Tel: +44 20 7901 7814 Zulfira Mukhamediarova Senior Manager - Public Relations Tel: +77 27 266 3317 Asel Kalieva Karagandatsvetmet Tel: +77 21 240 0830 Merlin David Simonson Tel: +44 20 7726 8400 Tom Randell Tel: +44 20 7726 8400 Leonid Fink Tel: +44 20 7726 8400

Ends

[2010-02-12]