Shares of KazakhGold became more expensive in London the first day of trades by 4%

/INTERFAX, London, December 2, 05/ - Value of shares of Kazakhstan gold- mining company KazakhGold Group Ltd. grew the first day of trades after listing on London stock exchange, agency Bloomberg informed. Global depositary receipts (GDR) of KazakhGold became more expensive by 65 cents (3.9%) - to $17.25. Thus, the company's market cost by the results of trades on Thursday equaled to $812.5 m. As it was informed, company KazakhGold (mother company of Kazakhstan Mining-metallurgical concern Kazakhaltyn JSC) floated on London stock exchange 25% shares as GDR. As a result of IPO the company attracted $196.5 m. Attracted from floatation funds the company intends to spend for redemption of debt and for expansion of extractive and processing capacities. Main assets of company Kazakhaltyn are gold ore fields Aksu, Bestobe and Zholymbet (in Akmolinsk oblast, on the north of the republic). The other assets of company Kazakhaltyn are two small mining companies, which have contracts for execution of works on entrails usage on fields Akzhal and Vasilyevskoye, and also production capacities, situated on fields Boldykol and Zhanan, acquired by the company in July 2005. [2005-12-02]