KAZ Minerals PLC (United Kingdom) signs agreement with Baiyin Nonferrous Group Co.,Ltd.
/KASE, March 30, 15/ – KAZ Minerals PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement:
quote
KAZ Minerals PLC announces that it has signed an agreement with Baiyin Nonferrous Group Co., Ltd. ("Baiyin") to jointly perform a scoping study on the construction of a copper smelter in Kazakhstan. The smelter would process copper concentrate from the Bozshakol and Aktogay mines.
Following the scoping study any decision to proceed with the construction of a smelter will be subject to further technical and economic evaluation and the availability of suitable financing.
For further information please contact:
KAZ Minerals PLC Maria Babkina Corporate Communications, London tel. +44 20 7901 7849
Irene Burton Financial Analyst, London tel. +44 20 7901 7814
Maksut Zhapabayev Corporate Communications, Almaty tel. +7 727 2440353
Almas Sadykov manager, Corporate Communications, Almaty tel. +7 727 2440353
unquote
[2015-03-30]