Kazakhmys leads among Giants of London Stock Exchange
A range of popular foreign media have complemented Kazakhmys’ successful operations in 2009.
In particular, The Independent newspaper writes the company became the most powerful player among "blue chip" players on the London Stock Exchange last year.
During 2009 the value of the company’s shares rose from GBR 0.25 to GBR 1.3, i.e., or an amount over 470%, a presidential press release reports.
The Financial Times, in turn, wrote the company received financing in the amount of US $ 2.7 billion from the China Development Bank and the Samruk-Kazyna National Welfare Fund.
US $ 2 billion of these funds will be used for developing the Bozshakol Copper Plant in North Kazakhstan. The enterprise will be put into operation in 2011, and will produce about 100 thousand tons of copper concentrate.
About US $ 100 million of the Kazakh-Chinese loan will be used for exploration of the Bozymchak gold and bronze mine in Kyrgyzstan. Kazakhmys plans to spend the remaining US $ 600 million for other important projects, Kazinform reports, according to Kazinform.