Difference between revisions of "Kazakhmys"

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'''Kazakhmys''' is a copper mining company 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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{{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 long standing.  
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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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*[[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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With effect from 1 January 2007, Board Committee membership will be:
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===Board of Directors in Jan 2007===
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*[[James Rutland]]
 
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*[[Lord Renwick]]
 
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*[[Simon Heale]] 
 
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*[[David Munro]]
 
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*Executive Chairman [[Vladimir Kim]]{{ref|1}}
 
 
  
 
  
 
====Executive Directors====
 
====Executive Directors====
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*[[Vladimir Kim]] Executive Chairman of Kazakhmys plc and Chairman of the Board of Directors. Mr. Kim joined the Group in 1995, when he was appointed Managing Director and CEO of the JSC Zhezkazgantsvetmet. He was elected Chairman of the Board of Directors in December 2000. Mr. Kim graduated from the Alma-Ata Architectural Institute in 1982, and he holds both a Ph.D. and an MBA.
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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 of the Kazakhmys plc and a member of the Board of Kazakhmys..
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*[[Yong Keu Cha]] Chief Executive Officer
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Mr. Cha has served on the Board of Directors of Kazakhmys since 2000. He was formerly an executive managing director of Samsung Corporation, as well as president of Samsung Kazakhstan and General Manager of Samsung Deutschland. He holds a bachelor's degree in business management from Seo Kang University in Korea.
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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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*[[Oleg Novachuk]] Finance Director of Kazakhmys plc.. Mr. Novachuk joined the Group in 2001 and was appointed Finance Director in 2005. He was formerly Vice President of Financial Projects for the Kazakhmys and the Financial Advisor to the President of Kazakhmys. Mr. Novachuk was formerly chairman of the board of directors of JSC Kazprombank. He graduated with honours from Kazakh State University with a masters degree in applied mathematics.
 
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*[[David Munro]] Strategy Director. Mr Munro was formerly responsible for Billiton's global aluminium and base metals businesses prior to its 2001 merger with BHP. He then became Chief Development Officer in the new BHP Billiton, responsible for strategy and acquisitions. In January 2004 he became Chief Executive Officer of RMC Group PLC, a construction materials and waste management company. He held this position until RMC's acquisition by Mexico's Cemex in 2005. Mr Munro is a mining engineer by profession. Mr Munro acts as chairman of the Health, Safety and Environment committee of the Company.
 
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====Non-Executive Directors====
 
====Non-Executive Directors====
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*[[Vladimir Ni]] Vice-Chairman of the Board of Directors. Mr Ni has been Vice-Chairman of the Board of Directors of Kazakhmys since 1999. He is also a director of TOO HOZU Corporation. He graduated from the Kazakh Mining Metallurgical Institute. Mr Ni is a mining engineer by profession.
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*[[Vladimir Ni]] Vice-Chairman of the Board of Directors.  
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*[[James Rutland]]  
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[[James Rutland]] Chairman of the Audit Committee. Mr Rutland has held a number of positions in Investors in Industry plc and represented the company on the board of several small oil companies. In 1985 he joined James Capel's corporate finance group and moved to head up Hongkong Bank's resource lending group in London. From 1993 to 2001 he served as finance director of Energy Africa Limited. He now acts as a consultant and is finance director of Osprey Oil & Gas Limited. He attended the College of Law, London, and was admitted as a solicitor in 1967. Mr Rutland acts as chairman of the audit committee of the Company.
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*[[Lord Renwick]]
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*[[Philip Aiken]]
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*[[Philip Aiken]]  
 
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====Senior Management====
 
====Senior Management====
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[[Friedrich Flemming]] Managing director of MKM. Mr Flemming became Managing Director of MKM in July 2005. He served as a managing director at Boart Longyear from 1974 to 2000, and oversaw Boart Longyear's European operations starting in 1994. He served on the board of directors of Boart Longyear from 1995 until 2000. Mr Flemming was also managing director of Ebner GmbH & Co. from 1995 to 2000. Mr Flemming graduated from the School of Applied Mining and Metallurgy in Clausthal Zellerfeld.{{ref|2}}
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*[[Friedrich Flemming]] Managing director of [[MKM]]. ([[Boart Longyear]]){{ref|2}}
  
 
===PR people===
 
===PR people===
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*[[Robin Walker]] [[Finsbury]]               
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*[[Robin Walker]], [[Finsbury]]               
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*[[Andrew Mitchell]] [[Finsbury]]
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*[[Andrew Mitchell]], [[Finsbury]]
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*[[Zoe Watt]] [[Finsbury]]{{ref|3}}
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*[[Zoe Watt]], [[Finsbury]]{{ref|3}}
  
 
==External links==
 
==External links==
 
*[http://www.kazakhmys.com/ Official site]
 
*[http://www.kazakhmys.com/ Official site]
 
*[http://www.mkm-hett.de/ MKM's official site]
 
*[http://www.mkm-hett.de/ MKM's official site]
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==Notes==
 
==Notes==
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<references/>
 
#{{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.
 
#{{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|2}} [http://www.kazakhmys.com/about_management.php Directors and key management] Kazakhmys website, accessed January 2007
 
#{{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.
 
#{{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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