TIDMKAZ

RNS Number : 1971F

KAZ Minerals PLC

16 February 2018

 
 
     KAZ MINERALS 
     PLC 
     6(TH) FLOOR 
     CARDINAL PLACE 
     100 VICTORIA 
     STREET 
     LONDON SW1E 5JL 
     Tel: +44 (0) 
     20 7901 7800 
  ==================

16 February 2018

STATEMENT REGARDING SPECULATION

KAZ Minerals PLC ("KAZ Minerals" or "the Group") notes recent speculation regarding the Baimskaya copper deposit ("Baimskaya").

KAZ Minerals continually evaluates potential new mining projects to identify attractive long-term investment opportunities for the Group. KAZ Minerals confirms that it is currently evaluating the potential acquisition of a majority stake in the Baimskaya project. Baimskaya is a large copper-gold porphyry deposit located in the Chukotka region of Russia, with JORC resources of 9.5 Mt of copper at an average copper grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t.

There can be no certainty that any transaction will be forthcoming or on what terms it would occur.

Further information will be announced to the market as and when appropriate.

For further information please contact:

 
 KAZ Minerals 
  PLC 
====================  ==========================  ================= 
 Chris Bucknall        Investor Relations,         Tel: +44 20 7901 
                        London                                 7882 
                       Investor Relations,         Tel: +44 20 7901 
 Anna Mallere           London                                 7814 
 Maksut Zhapabayev     Corporate Communications,    Tel: +7 727 244 
                        Almaty                                03 53 
====================  ==========================  ================= 
 Instinctif Partners 
====================  ==========================  ================= 
                                                   Tel: +44 20 7457 
 David Simonson                                                2020 
====================  ==========================  =================

REGISTERED OFFICE

6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

This announcement contains inside information.

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRGMGMZRVRGRZM

(END) Dow Jones Newswires

February 16, 2018 13:13 ET (18:13 GMT)

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