Kazakhmys

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Mining-alcans-60px.jpg This article is part of the Mining and Metals project of Spinwatch
Kazakhmys is a copper mining company originating from Kazakhstan. Its headquarters are in the city of Dzhezkazgan. In October 2005 it listed on the London Stock Exchange with an opening market capitalisation of £2.6 billion, making a billionaire of its main shareholder Vladimir Kim. The company's 2004 profits were $441.3 million on a turnover of $1.3 billion.

Kazakhmys has a German subsidiary called MKM, a semi-product producer of longstanding.

Getting a Lord on board

According to The Times, Kazakhmys 'is one of a growing number of companies from the former Soviet Union who are hiring lords as non-executive directors to improve their corporate governance credentials prior to London listings. The paper reported that:

Even the largest and most reputable foreign companies are eager to appoint British advisers. Lord Renwick of Clifton joined the board of the Kazakh copper company Kazakhmys before its Ј661 million listing on the London Stock Exchange in December 2005. Lord Renwick was suggested by JP Morgan Cazenove, the lead-manager of the IPO, where he is a vice-chairman. Lord Renwick said: “I am not on the board (of Kazakhmys) because I am a member of the House of Lords but because I have many years’ experience in the mining industry.”[1]

People

Board of Directors in Jan 2012

Board of Directors in Jan 2007

Executive Directors

Non-Executive Directors

Senior Management

PR people

External links

Notes

  1. Julian Evans Why Russians are keen to get a lord on board, The Times, August 15, 2006 12:45
  2. Kazakhmys website. About us Board of Directors Accessed 21/02/2012
  1. ^ Appointment of Director Kazakhmys PLC 22 November 2006.
  2. ^ Directors and key management Kazakhmys website, accessed January 2007
  3. ^ Appointment of Director Kazakhmys PLC 22 November 2006.