Difference between revisions of "Kazakhmys"

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{{Template:Mining and Metals badge}}'''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.
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Kazakhmys has a German subsidiary called [[MKM]], a semi-product producer of longstanding.
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==Getting a Lord on board==
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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:
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: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.”<ref>Julian Evans [http://business.timesonline.co.uk/article/0,,8209-2313100,00.html Why Russians are keen to get a lord on board], ''The Times'', August 15, 2006 12:45</ref>
  
 
==People==
 
==People==
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===Board of Directors in Jan 2012===
  
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With effect from 1 January 2007, Board Committee membership will be:
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*[[Vladimir Kim]] Chairman
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*[[Oleg Novachuk]] Chief Executive
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*[[Eduard Ogay]] Executive Director
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*[[Lord Renwick of Clifton]] Non-executive Director
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*[[Philip Aiken]] Non-executive Director and Senior Independent Director
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*[[Simon Heale]] Non-executive Director
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*[[Daulet Yergozhin]] Non-executive Director
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*[[Clinton Dines]] Non-executive Director
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*[[Charles Watson]] Non-executive Director<ref>Kazakhmys website. About us [http://www.kazakhmys.com/en/about_us/board_of_directors Board of Directors] Accessed 21/02/2012</ref>
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===Board of Directors in Jan 2007===
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====Executive Directors====
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*[[Simon Heale]] {{ref|1}}
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*[[Vladimir Kim]] Executive Chairman and Chairman of the Board of Directors.
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*[[Yong Keu Cha]] Chief Executive Officer
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*[[Oleg Novachuk]] Finance Director (previously [[JSC Kazprombank]].
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*[[David Munro]] Strategy Director. (formerly [[BHP Billiton]] and [[RMC Group]] PLC
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====Non-Executive Directors====
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*[[Vladimir Ni]] Vice-Chairman of the Board of Directors.
 
*[[James Rutland]]  
 
*[[James Rutland]]  
 
*[[Lord Renwick]]  
 
*[[Lord Renwick]]  
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*[[Simon Heale]]
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*[[Philip Aiken]]
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*[[David Munro]]  
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====Senior Management====
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*Executive Chairman [[Vladimir Kim]]
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*[[Friedrich Flemming]] Managing director of [[MKM]]. ([[Boart Longyear]]){{ref|2}}
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===PR people===
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*[[Robin Walker]], [[Finsbury]]             
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*[[Andrew Mitchell]], [[Finsbury]]
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*[[Zoe Watt]], [[Finsbury]]{{ref|3}}
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==External links==
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*[http://www.kazakhmys.com/ Official site]
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*[http://www.mkm-hett.de/ MKM's official site]
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==Notes==
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<references/>
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#{{note|1}} [http://shares.telegraph.co.uk/security.cgi?csi=104092&action=news&story_id=930804&rns=1 Appointment of Director Kazakhmys PLC] 22 November 2006.
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#{{note|2}} [http://www.kazakhmys.com/about_management.php Directors and key management] Kazakhmys website, accessed January 2007
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#{{note|3}} [http://shares.telegraph.co.uk/security.cgi?csi=104092&action=news&story_id=930804&rns=1 Appointment of Director Kazakhmys PLC] 22 November 2006.

Latest revision as of 06:04, 24 September 2014

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.
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