Secrets of Kazakhmys - 500 Beiträge pro Seite
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|---|---|---|
| 0,7750 | +17,42 | |
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Secrets of Copper Lords or about the True Owners of Kazakhmy
--------------------------------------------------------------------------------
The initial public offering of Kazakhmys on the London Stock exchange has become the subject of election campaign debates in Kazakhstan. This is hardly surprising as the copper corporation is considered one of the industrial pillars of the ruling party Otan. The interest to the subject is fanned by the uncertainty over the company`s ownership structure.
According to the UK media, Vladimir KIM owns 45% of Kazakhmys shares, its general manager, Yong Keu Cha, owns 30%, while the finance director Oleg NOVACHUK owns 12%. Thus, the trio controls a total of 87% of the giant potentially worth $3-5 bln. At the same time, Mr. Kim could "cost" $1,5-1,8 bln, while Mr. Yong Keu Cha $1-1,2 bln, which means that the two of them have every right to be included into the Forbes billionaire list together with the "Eurasian" trio of Mashkevich-Shodiyev-Ibragimov. Our British colleagues also say that members of the copper trio became Kazakhmys shareholders in late 1990`s soon after Samsung had sold its 80 percent share in the Kazakh corporation. They also say that Mr. Novachuk was earlier the financial adviser to our head of state.
However, one can hardly believe that the Kazakh leaders allowed the above happy men take over such a huge and profitable enterprise. Therefore it makes sense for us to try to figure out the ownership structure on our own.
Familiar faces!
We would like to remind that Kazakhmys company was sold to South Korean Samsung when prime minister Akezhan Kazhegeldin was in office under a large-scale government privatization program. Vladimir Kim, who allegedly owns almost half of the copper giant`s shares, was made Kazakhmys head in August 1997. According to the "Who is Who in Kazakhstan", he headed joint-stock company Zhezkazgantsvetmet (Zhezkazgan non-ferrous plant) in 1995-1997, and Kazakhstan-Samsung joint venture in 1992-1995. But he had been affiliated with the power long before that, as in the Soviet-era times he worked as a communist party official in the Almaty district party committee and deputy chairman of the district executive committee.
During the perestroika and the first years of independence, he was empowered to head the fund of cultural, social and sci-tech development of Kazakhstan - the body that was very close to the Kazakh top officials where today`s prominent figures were trained such as President`s middle son-in-law Timur KULIBAYEV, vice premier Sauat MYNBAYEV, an opposition leader Oraz Dzhandosov and others.
In November 2002, Kim was made a member of the Otan party political council. One could assume therefore that Mr. Kim most likely serves as the prevailing authorities` authorized person in Kazakhmys who control the company via offshore companies. By the way, they say that companies of the Eurasian group are controlled in line with a similar scheme where the Eurasian trio allegedly plays the part of dummies. However, we don`t know this for sure, that`s why we suggest that our readers call this in question.
In addition to Samsung, the government was also a significant shareholder of Kazakhmys. At the same time, the government block of shares was given over in trust management to Vladimir Kim. Thus, in case top managers had actually tried to control Kazakhmys, they should have "diluted" the shares of other major shareholders, bought up government-controlled shares and got rid of minority shareholders, namely the plant workers.
Which happened indeed.
The way the shares `went away`
For instance, in November 2001, the company bought out the government`s 10 percent share for $63,15 mln ($128,5 per share). The fate of yet another, 5 percent government share, intended for sale to pension funds, remains unclear, as the stock was very expensive for them. From that moment on, the company got a new shareholder, a broker and dealer company Future Capital set up by a group of individuals. The company bought out the 10 percent share of the government. As the dealer explained, the company was then a domestic investor, without foreign capital participation.
In late 2001, Kazakhmys shareholders resolved at a surprise meeting to drop preference shares and convert them into common voting shares. At the same meeting it was resolved to abolish the board as a collective body and give over all the executive powers to board chairman Ruslan Yun, Kazakhmys general manager. Most likely, the main reason behind the decision was the need to cut management costs as the company was undergoing hard times because of low prices for copper.
At an annual meeting held in July 2002, the shareholders resolved not to pay dividends and invested the net profit into the production development. It was then that the company said it was going to consider increasing the Kazakhmys authorized capital and new stock issue. At that time, the government`s 25% share was in Kim`s management, and major Kazakhmys shareholders were Samsung and Future Capital.
During the same meeting, Alexander Pavlov stopped to serve on the board because of his taking on a new position as member of government, and so did Mssrs. Hong and Belalov for personal reasons. A new member of the board became Roger Wills, CEO of the Russian branch of Brunswick UBS Warburg.
In mid-December 2002, shareholders again decided to increase the authorized capital at the expense of new stock issue. As this happened on the eve of government`s sale of its almost 25 percent share on the stock exchange, analysts assumed that major shareholders decided to "dilute" the large block of shares and simultaneously get rid of minor shareholders by annulling the previous stock issues. At that time, Samsung together with its affiliated company owned a 32% share of Kazakhmys.
It is worth mentioning that a clearly planned cut of demand and supply cost took place on the stock exchange since October 2002 ahead of the sale of Kazakhmys government share. Whatever it was, on December 27, 2002 the 4,65 government share was first sold for $15,1 mln (at $178,1 per share), and after that the 20 percent government share went for $184 mln (at $187,3 per share).
Warmer, warmer:
As of January 1, 2003 the company had 6,152 shareholders, among them 14 legal entities (they controlled 95,31 of the authorized capital), and 6,138 individuals (4,69%). Therefore, if there were significant individual shareholders in the company, they clearly must have been hiding behind sham firms, but nobody knew which ones.
Among the companies that owned a share of authorized capital exceeding 5% percent were Samsung corporation (25,33%) and Samsung Hong Kong Ltd. (17,22%). Therefore, South Koreans controlled 42,55% shares of Kazakhmys. Other major shareholders decided not to disclose themselves on our stock exchange and gave their shares to Central Securities Depository (26,67%) and ABN AMRO Bank Kazakhstan (19,51%) into nominal holding. However, by summer 2003, the situation began to clear up. In July 2003, Samsung owned as much as 10,33% of shares, Samsung Hong Kong Ltd. - 17,22%, Future Capital - 20,25%, Cuprum Holding B.V. - 15,0%. Another 7,32% of shares were in the nominal holding of the Central Securities Depository and 19,51% was held by ABN AMRO Kazakhstan.
As of the beginning of 2004, the posted authorized capital of the Kazakhmys joint-stock company made 14,7 bln tenge and consisted of 24,5 mln of posted and listed common shares at a nominal cost of 600 tenge. By January 1, 2004 there were 4,911 shareholders, 14 of them were legal entities.
The following shareholders owned a share exceeding 5% of the total listed amount: Samsung Hong Kong Ltd (19,22%), South Korean Samsung (10,8%), two companies registered in the town of Tortola on the offshore British Virgin Islands, namely Harper Finance Limited (19,22%) and Dilon Enterprises Ltd. (5,08%), Amsterdam-based Cuprum Holding B.V. (25,75%) and another offshore company, Rego Inc. (5,07%), registered in Charlestown on the Nevis island.
At that moment, the Central Securities Depository had a 13,93% share in nominal holding. As for Future Capital, the company had played its historic part and ceased to exist by that time. One could easily calculate that the three offshore companies and Amsterdam-based firm controlled a total of 55,12% of Kazakhmys shares. Given the shares in the nominal holding of the Central Securities Depository, this roughly amounts to 69% of shares.
By June 2004, the alignment of forces in the company slightly changed. As of June 1, there were 4,885 shareholders. Among the major shareholders, the share of Samsung Hong Kong Ltd dropped to 18,01%, while the number of shares in the nominal holding of Central Securities Depository rose to 14,23%. Therefore, we have reason to assume that the Hong Kong owner gave over or sold part of its shares to the shareholders behind the nominal holder. In any case, at that moment the Kazakhmys top managers trio could have controlled no more than 70% of the shares.
Where there is a motive there is an occasion
With time, the alignment of forces and the flow of shares between their owners were doomed to become more evident to the public. Apparently, this very reason has become one of the incentive to change the company status. Late last August, the annual meeting of Kazakhmys shareholders took a historic decision to transform the joint-stock company into a limited partnership.
Plans to enter the international financial markets and list on the London Sock Exchange via an UK holding were named as the main reason. Stock issues were annulled; in exchange of shares each shareholder was to get the right to a share in the Kazakhmys authorized capital. The shareholders also resolved not to pay dividends in 2003.
The annual meeting elected a new board of directors consisting of Vladimir Kim, Vladimir Ni, Woo Tak Yong, Ruslan Yun, Bolat Nazarbayev, Roger Wills, Yong Keu Cha, Andrei Korzhov and Amantay Absalikov. It is worth mentioning that the list included brother of the incumbent head of state, former chief executive of the latter and former former chief executive`s deputy.
It would be naive to say that such a “star” membership of the company leaders was just a coincidence. That`s why there is reason to assume that the presence of such influential persons in Kazakhmys, very close to the President of Kazakhstan, became the main incentive for the reorganization of the company to decrease its transparency. As a result of this decision, the Kazakh stock exchange delisted the company`s shares, while last December the financial control authority annulled all Kazakhmys issues. From that moment on, one of the Kazakh largest companies became almost invisible for the press, except its regular production results reports.
However, another motive is not ruled out. As in the decade to come (15 years maximum) the regime in Kazakhstan will inevitably change for physiological reasons, the rulers have to take care of the financial well being of their heirs right now. The best way to ensure this is to timely “launder” assets of major Kazakh enterprises privatized for peanuts with subsequent legalization in the developed states.
If the heirs fail to reach an agreement with the new Kazakh authorities, they will have – if the worst comes to the worst - to rest on the beaches of offshore islands. If not, they will be able to almost legally and without any fear live in Switzerland, US, and other developed countries currently closed to the man who has built their fortunes.
The silence of the pro-government politicians and parties indirectly confirms this guess. Meanwhile some of them (for instance, Asar party) urge to prevent the sale of the national oil company assets on the London stock exchange.
Tulegen ASKAROV
Respublica
--------------------------------------------------------------------------------
The initial public offering of Kazakhmys on the London Stock exchange has become the subject of election campaign debates in Kazakhstan. This is hardly surprising as the copper corporation is considered one of the industrial pillars of the ruling party Otan. The interest to the subject is fanned by the uncertainty over the company`s ownership structure.
According to the UK media, Vladimir KIM owns 45% of Kazakhmys shares, its general manager, Yong Keu Cha, owns 30%, while the finance director Oleg NOVACHUK owns 12%. Thus, the trio controls a total of 87% of the giant potentially worth $3-5 bln. At the same time, Mr. Kim could "cost" $1,5-1,8 bln, while Mr. Yong Keu Cha $1-1,2 bln, which means that the two of them have every right to be included into the Forbes billionaire list together with the "Eurasian" trio of Mashkevich-Shodiyev-Ibragimov. Our British colleagues also say that members of the copper trio became Kazakhmys shareholders in late 1990`s soon after Samsung had sold its 80 percent share in the Kazakh corporation. They also say that Mr. Novachuk was earlier the financial adviser to our head of state.
However, one can hardly believe that the Kazakh leaders allowed the above happy men take over such a huge and profitable enterprise. Therefore it makes sense for us to try to figure out the ownership structure on our own.
Familiar faces!
We would like to remind that Kazakhmys company was sold to South Korean Samsung when prime minister Akezhan Kazhegeldin was in office under a large-scale government privatization program. Vladimir Kim, who allegedly owns almost half of the copper giant`s shares, was made Kazakhmys head in August 1997. According to the "Who is Who in Kazakhstan", he headed joint-stock company Zhezkazgantsvetmet (Zhezkazgan non-ferrous plant) in 1995-1997, and Kazakhstan-Samsung joint venture in 1992-1995. But he had been affiliated with the power long before that, as in the Soviet-era times he worked as a communist party official in the Almaty district party committee and deputy chairman of the district executive committee.
During the perestroika and the first years of independence, he was empowered to head the fund of cultural, social and sci-tech development of Kazakhstan - the body that was very close to the Kazakh top officials where today`s prominent figures were trained such as President`s middle son-in-law Timur KULIBAYEV, vice premier Sauat MYNBAYEV, an opposition leader Oraz Dzhandosov and others.
In November 2002, Kim was made a member of the Otan party political council. One could assume therefore that Mr. Kim most likely serves as the prevailing authorities` authorized person in Kazakhmys who control the company via offshore companies. By the way, they say that companies of the Eurasian group are controlled in line with a similar scheme where the Eurasian trio allegedly plays the part of dummies. However, we don`t know this for sure, that`s why we suggest that our readers call this in question.
In addition to Samsung, the government was also a significant shareholder of Kazakhmys. At the same time, the government block of shares was given over in trust management to Vladimir Kim. Thus, in case top managers had actually tried to control Kazakhmys, they should have "diluted" the shares of other major shareholders, bought up government-controlled shares and got rid of minority shareholders, namely the plant workers.
Which happened indeed.
The way the shares `went away`
For instance, in November 2001, the company bought out the government`s 10 percent share for $63,15 mln ($128,5 per share). The fate of yet another, 5 percent government share, intended for sale to pension funds, remains unclear, as the stock was very expensive for them. From that moment on, the company got a new shareholder, a broker and dealer company Future Capital set up by a group of individuals. The company bought out the 10 percent share of the government. As the dealer explained, the company was then a domestic investor, without foreign capital participation.
In late 2001, Kazakhmys shareholders resolved at a surprise meeting to drop preference shares and convert them into common voting shares. At the same meeting it was resolved to abolish the board as a collective body and give over all the executive powers to board chairman Ruslan Yun, Kazakhmys general manager. Most likely, the main reason behind the decision was the need to cut management costs as the company was undergoing hard times because of low prices for copper.
At an annual meeting held in July 2002, the shareholders resolved not to pay dividends and invested the net profit into the production development. It was then that the company said it was going to consider increasing the Kazakhmys authorized capital and new stock issue. At that time, the government`s 25% share was in Kim`s management, and major Kazakhmys shareholders were Samsung and Future Capital.
During the same meeting, Alexander Pavlov stopped to serve on the board because of his taking on a new position as member of government, and so did Mssrs. Hong and Belalov for personal reasons. A new member of the board became Roger Wills, CEO of the Russian branch of Brunswick UBS Warburg.
In mid-December 2002, shareholders again decided to increase the authorized capital at the expense of new stock issue. As this happened on the eve of government`s sale of its almost 25 percent share on the stock exchange, analysts assumed that major shareholders decided to "dilute" the large block of shares and simultaneously get rid of minor shareholders by annulling the previous stock issues. At that time, Samsung together with its affiliated company owned a 32% share of Kazakhmys.
It is worth mentioning that a clearly planned cut of demand and supply cost took place on the stock exchange since October 2002 ahead of the sale of Kazakhmys government share. Whatever it was, on December 27, 2002 the 4,65 government share was first sold for $15,1 mln (at $178,1 per share), and after that the 20 percent government share went for $184 mln (at $187,3 per share).
Warmer, warmer:
As of January 1, 2003 the company had 6,152 shareholders, among them 14 legal entities (they controlled 95,31 of the authorized capital), and 6,138 individuals (4,69%). Therefore, if there were significant individual shareholders in the company, they clearly must have been hiding behind sham firms, but nobody knew which ones.
Among the companies that owned a share of authorized capital exceeding 5% percent were Samsung corporation (25,33%) and Samsung Hong Kong Ltd. (17,22%). Therefore, South Koreans controlled 42,55% shares of Kazakhmys. Other major shareholders decided not to disclose themselves on our stock exchange and gave their shares to Central Securities Depository (26,67%) and ABN AMRO Bank Kazakhstan (19,51%) into nominal holding. However, by summer 2003, the situation began to clear up. In July 2003, Samsung owned as much as 10,33% of shares, Samsung Hong Kong Ltd. - 17,22%, Future Capital - 20,25%, Cuprum Holding B.V. - 15,0%. Another 7,32% of shares were in the nominal holding of the Central Securities Depository and 19,51% was held by ABN AMRO Kazakhstan.
As of the beginning of 2004, the posted authorized capital of the Kazakhmys joint-stock company made 14,7 bln tenge and consisted of 24,5 mln of posted and listed common shares at a nominal cost of 600 tenge. By January 1, 2004 there were 4,911 shareholders, 14 of them were legal entities.
The following shareholders owned a share exceeding 5% of the total listed amount: Samsung Hong Kong Ltd (19,22%), South Korean Samsung (10,8%), two companies registered in the town of Tortola on the offshore British Virgin Islands, namely Harper Finance Limited (19,22%) and Dilon Enterprises Ltd. (5,08%), Amsterdam-based Cuprum Holding B.V. (25,75%) and another offshore company, Rego Inc. (5,07%), registered in Charlestown on the Nevis island.
At that moment, the Central Securities Depository had a 13,93% share in nominal holding. As for Future Capital, the company had played its historic part and ceased to exist by that time. One could easily calculate that the three offshore companies and Amsterdam-based firm controlled a total of 55,12% of Kazakhmys shares. Given the shares in the nominal holding of the Central Securities Depository, this roughly amounts to 69% of shares.
By June 2004, the alignment of forces in the company slightly changed. As of June 1, there were 4,885 shareholders. Among the major shareholders, the share of Samsung Hong Kong Ltd dropped to 18,01%, while the number of shares in the nominal holding of Central Securities Depository rose to 14,23%. Therefore, we have reason to assume that the Hong Kong owner gave over or sold part of its shares to the shareholders behind the nominal holder. In any case, at that moment the Kazakhmys top managers trio could have controlled no more than 70% of the shares.
Where there is a motive there is an occasion
With time, the alignment of forces and the flow of shares between their owners were doomed to become more evident to the public. Apparently, this very reason has become one of the incentive to change the company status. Late last August, the annual meeting of Kazakhmys shareholders took a historic decision to transform the joint-stock company into a limited partnership.
Plans to enter the international financial markets and list on the London Sock Exchange via an UK holding were named as the main reason. Stock issues were annulled; in exchange of shares each shareholder was to get the right to a share in the Kazakhmys authorized capital. The shareholders also resolved not to pay dividends in 2003.
The annual meeting elected a new board of directors consisting of Vladimir Kim, Vladimir Ni, Woo Tak Yong, Ruslan Yun, Bolat Nazarbayev, Roger Wills, Yong Keu Cha, Andrei Korzhov and Amantay Absalikov. It is worth mentioning that the list included brother of the incumbent head of state, former chief executive of the latter and former former chief executive`s deputy.
It would be naive to say that such a “star” membership of the company leaders was just a coincidence. That`s why there is reason to assume that the presence of such influential persons in Kazakhmys, very close to the President of Kazakhstan, became the main incentive for the reorganization of the company to decrease its transparency. As a result of this decision, the Kazakh stock exchange delisted the company`s shares, while last December the financial control authority annulled all Kazakhmys issues. From that moment on, one of the Kazakh largest companies became almost invisible for the press, except its regular production results reports.
However, another motive is not ruled out. As in the decade to come (15 years maximum) the regime in Kazakhstan will inevitably change for physiological reasons, the rulers have to take care of the financial well being of their heirs right now. The best way to ensure this is to timely “launder” assets of major Kazakh enterprises privatized for peanuts with subsequent legalization in the developed states.
If the heirs fail to reach an agreement with the new Kazakh authorities, they will have – if the worst comes to the worst - to rest on the beaches of offshore islands. If not, they will be able to almost legally and without any fear live in Switzerland, US, and other developed countries currently closed to the man who has built their fortunes.
The silence of the pro-government politicians and parties indirectly confirms this guess. Meanwhile some of them (for instance, Asar party) urge to prevent the sale of the national oil company assets on the London stock exchange.
Tulegen ASKAROV
Respublica
Danke. Sehr interessant.
Handelsplätze
Name Kurs Veränderung Datum Umsatz
Stuttgart 10,40 -2,16% 19:57 13.12. 450
Berlin-Bremen 10,30 -2,55% 19:31 13.12. 660
Frankfurt 10,75 +0,56% 17:49 13.12. 1.652
London 692,00 -0,93% 17:35 13.12. 855.206
Xetra 10,20 +0,00% 13:24 13.12. n.a.
München 10,50 -1,13% 12:45 13.12. 500
Name Kurs Veränderung Datum Umsatz
Stuttgart 10,40 -2,16% 19:57 13.12. 450
Berlin-Bremen 10,30 -2,55% 19:31 13.12. 660
Frankfurt 10,75 +0,56% 17:49 13.12. 1.652
London 692,00 -0,93% 17:35 13.12. 855.206
Xetra 10,20 +0,00% 13:24 13.12. n.a.
München 10,50 -1,13% 12:45 13.12. 500
Kazakhmys PLC - Subsidiary Dividend
Kazakhmys PLC announces that at the recent annual general meeting of its c. 98.7 per cent subsidiary Kazakhmys Corporation LLC, a gross dividend of Kazakhmys Corporation LLC in respect of the financial year ending 31 December 2005 approximately US$175 million (at the current exchange rate) was approved and will be paid in due course. In accordance with the Company’s stated dividend policy, the Board of Directors of Kazakhmys PLC will declare a full year dividend in respect of the financial year ending 31 December 2005 during the first half of 2006. An announcement to that effect will be made at that time. Dividends declared by Kazakhmys Corporation LLC neither represent nor predetermine the level of dividends to be declared by Kazakhmys PLC
Kazakhmys PLC announces that at the recent annual general meeting of its c. 98.7 per cent subsidiary Kazakhmys Corporation LLC, a gross dividend of Kazakhmys Corporation LLC in respect of the financial year ending 31 December 2005 approximately US$175 million (at the current exchange rate) was approved and will be paid in due course. In accordance with the Company’s stated dividend policy, the Board of Directors of Kazakhmys PLC will declare a full year dividend in respect of the financial year ending 31 December 2005 during the first half of 2006. An announcement to that effect will be made at that time. Dividends declared by Kazakhmys Corporation LLC neither represent nor predetermine the level of dividends to be declared by Kazakhmys PLC
Naja,
so stellt sich Kazakhmys selber da:
Kazakhmys plc (the "Company") is an international business with bases in Kazakhstan, Germany and the UK. Our principal business is the mining, processing, smelting, refining and sale of copper and copper products, including cathodes and rods. As by-products the Company together with its subsidiaries in Kazakhstan and Germany ("the Group") also processes, refines and sells zinc, gold and silver. We are the tenth largest refined copper producer and the tenth largest mined copper producer in the world based on 2004 production.
Our corporate headquarters are situated in London and the Group has approximately 66,000 employees worldwide but the bulk of the Group`s operations take place in Kazakhstan, one of the most stable and economically developed states in the Central Asian region. We are able to take advantage of the country`s rich energy resources and important geographic situation to produce and then export our products to world markets, notably the burgeoning Chinese copper market.
We are the largest producer of copper in Kazakhstan operating open pit and underground mines and smelting and refining complexes across the region through our sites in Zhezkazgan, Balkhash, and the East Region complexes. Our power plants and coal mines provide vital energy sources for these operations.
MKM, our European operations, is based in Hettstedt, Germany and was acquired by the Group during December 2004. The company is staffed by around 1,000 personnel, producing refined copper products and manufacturing and selling a variety of pre- and semi-finished copper and brass products.
Our operational structure is one of the key strengths of our Group in that we are a fully vertically integrated, low cost producer. The Group`s level of reserves is also high, assuring continued stability for years to come. This puts us in a competitive position in both Kazakhstan and the global copper market.
The Company`s 2004 profits were $441.3 million on a turnover of some $1.3 billion. Our strategy is to provide a strong and stable platform for future growth and our strong cashflow and low debt position means we are well-placed to improve the efficiency of our current businesses, develop further growth opportunities and create value for our shareholders.
so stellt sich Kazakhmys selber da:
Kazakhmys plc (the "Company") is an international business with bases in Kazakhstan, Germany and the UK. Our principal business is the mining, processing, smelting, refining and sale of copper and copper products, including cathodes and rods. As by-products the Company together with its subsidiaries in Kazakhstan and Germany ("the Group") also processes, refines and sells zinc, gold and silver. We are the tenth largest refined copper producer and the tenth largest mined copper producer in the world based on 2004 production.
Our corporate headquarters are situated in London and the Group has approximately 66,000 employees worldwide but the bulk of the Group`s operations take place in Kazakhstan, one of the most stable and economically developed states in the Central Asian region. We are able to take advantage of the country`s rich energy resources and important geographic situation to produce and then export our products to world markets, notably the burgeoning Chinese copper market.
We are the largest producer of copper in Kazakhstan operating open pit and underground mines and smelting and refining complexes across the region through our sites in Zhezkazgan, Balkhash, and the East Region complexes. Our power plants and coal mines provide vital energy sources for these operations.
MKM, our European operations, is based in Hettstedt, Germany and was acquired by the Group during December 2004. The company is staffed by around 1,000 personnel, producing refined copper products and manufacturing and selling a variety of pre- and semi-finished copper and brass products.
Our operational structure is one of the key strengths of our Group in that we are a fully vertically integrated, low cost producer. The Group`s level of reserves is also high, assuring continued stability for years to come. This puts us in a competitive position in both Kazakhstan and the global copper market.
The Company`s 2004 profits were $441.3 million on a turnover of some $1.3 billion. Our strategy is to provide a strong and stable platform for future growth and our strong cashflow and low debt position means we are well-placed to improve the efficiency of our current businesses, develop further growth opportunities and create value for our shareholders.
Q4 Production Summary
Kazakhmys PLC Production Summary for the fourth quarter ended 31 December 2005.
View File Tue 31st Jan 2006
http://www.kazakhmys.com/images/news/29.pdf
Notice of 2005 Preliminary Results
Kazakhmys PLC will announce its preliminary results for the 12 months ended 31 December 2005 under International Financial Reporting Standards on Thursday 30 March 2006.
Da bin ich aber schon mal gespannt wie ein Flitzebogen.
Kazakhmys PLC will announce its preliminary results for the 12 months ended 31 December 2005 under International Financial Reporting Standards on Thursday 30 March 2006.
Da bin ich aber schon mal gespannt wie ein Flitzebogen.
Change in Director’s Responsibility
Kazakhmys PLC (“Kazakhmys”), the London listed metals and mining group, today announced the appointment of Vladimir Ni as Chairman of LLC Kazakhmys Corporation, the principal operating subsidiary of Kazakhmys in Kazakhstan. Mr Ni will continue to serve as a non-executive Director on the Board of Kazakhmys PLC, but will not be considered as independent for the purpose of the Combined Code.
Kazakhmys PLC (“Kazakhmys”), the London listed metals and mining group, today announced the appointment of Vladimir Ni as Chairman of LLC Kazakhmys Corporation, the principal operating subsidiary of Kazakhmys in Kazakhstan. Mr Ni will continue to serve as a non-executive Director on the Board of Kazakhmys PLC, but will not be considered as independent for the purpose of the Combined Code.
[posting]20.533.074 von Ramses2I am 06.03.06 12:55:59[/posting]Habe bitte zwei Fragen:
Wo kaufen? Derzeitiger Kurs?
Jetzt oder nach den Zahlen?
Sorry, drei Fragen.
Danke!
Wo kaufen? Derzeitiger Kurs?
Jetzt oder nach den Zahlen?
Sorry, drei Fragen.
Danke!
[posting]20.554.826 von PizPalue am 07.03.06 14:08:35[/posting]würde sagen, da wo du denn besten preis bekommst.
habe mal unten die börsenplätze aufgeführt:
Name Kurs Veränderung Datum Umsatz
Stuttgart 12,38 -3,51% 19:58 07.03. 0
London 855,50 -3,77% 17:35 07.03. 1.332.087
Berlin-Bremen 12,52 -5,72% 15:56 07.03. 660
Frankfurt 12,48 -5,81% 11:59 07.03. 1.111
München 13,65 +0,00% 09:01 07.03. 0
Xetra 12,00 -7,69% 13:30 09.02. 139
Performance
Zeitraum Veränderung Zeitraum Datum Kurs
1 Woche -2,12% 52W Hoch 22.02.2006 930,00
1 Monat +0,41% 52W Tief 21.10.2005 515,00
1 Jahr n.a. Jahreshoch 22.02.2006 930,00
laufendes Jahr +10,60% Jahrestief 10.01.2006 759,36
gestern ist die kazakhmys ja einwenig runtergekommen,
wird aber sicherlich die nächsten tage wieder rauf.
wenn du langfristig investieren möchtest ist es denke
ich egal ob vor oder nach den zahlen kaufst. bin leider nicht uri geller
und kann daher nicht die kurzfristige tendenz bestimmen... aber auf längere sicht sollte es gen norden gehen. 
habe mal unten die börsenplätze aufgeführt:
Name Kurs Veränderung Datum Umsatz
Stuttgart 12,38 -3,51% 19:58 07.03. 0
London 855,50 -3,77% 17:35 07.03. 1.332.087
Berlin-Bremen 12,52 -5,72% 15:56 07.03. 660
Frankfurt 12,48 -5,81% 11:59 07.03. 1.111
München 13,65 +0,00% 09:01 07.03. 0
Xetra 12,00 -7,69% 13:30 09.02. 139
Performance
Zeitraum Veränderung Zeitraum Datum Kurs
1 Woche -2,12% 52W Hoch 22.02.2006 930,00
1 Monat +0,41% 52W Tief 21.10.2005 515,00
1 Jahr n.a. Jahreshoch 22.02.2006 930,00
laufendes Jahr +10,60% Jahrestief 10.01.2006 759,36
gestern ist die kazakhmys ja einwenig runtergekommen,
wird aber sicherlich die nächsten tage wieder rauf.
wenn du langfristig investieren möchtest ist es denke
ich egal ob vor oder nach den zahlen kaufst. bin leider nicht uri geller
und kann daher nicht die kurzfristige tendenz bestimmen... aber auf längere sicht sollte es gen norden gehen. 
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