Kazakhmys

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.”

People

Board of Directors in Jan 2012

• Vladimir Kim Chairman
• Oleg Novachuk Chief Executive
• Eduard Ogay Executive Director
• Lord Renwick of Clifton Non-executive Director
• Philip Aiken Non-executive Director and Senior Independent Director
• Simon Heale Non-executive Director
• Daulet Yergozhin Non-executive Director
• Clinton Dines Non-executive Director
• Charles Watson Non-executive Director

Board of Directors in Jan 2007

Executive Directors

• Simon Heale ^[1]
• Vladimir Kim Executive Chairman and Chairman of the Board of Directors.
• Yong Keu Cha Chief Executive Officer
• Oleg Novachuk Finance Director (previously JSC Kazprombank.
• David Munro Strategy Director. (formerly BHP Billiton and RMC Group PLC

Non-Executive Directors

• Vladimir Ni Vice-Chairman of the Board of Directors.
• James Rutland
• Lord Renwick
• Philip Aiken

Senior Management

• Friedrich Flemming Managing director of MKM. (Boart Longyear)^[2]

PR people

• Robin Walker, Finsbury
• Andrew Mitchell, Finsbury
• Zoe Watt, Finsbury^[3]

External links

• Official site
• MKM's official site

Notes

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.