KAZ Minerals will provide funding to support the activities of NES in the 2019-20 academic year.
Oleg Novachuk, Chair of KAZ Minerals said: “As a leading mining company in the region we are proud to be supporting the New Economic School. KAZ Minerals invests for the long term and we recently acquired a major new project in Russia. We are committed to sustainable development in the countries in which we operate and education is one of our key priorities.
Since its foundation in 1992, NES has gained a reputation for excellence in the teaching of economics and finance and for research. NES has over 2,000 alumni, many of whom are now working for major Russian companies. KAZ Minerals is happy to contribute to the continued success of NES in 2020”.
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About KAZ Minerals
KAZ Minerals PLC is a high growth copper company focused on a large scale, low cost, open-pit mining in Kazakhstan, Russia, and Kyrgyzstan. It operates the Bozshakol and Aktogay open-pit copper mines in the Pavlodar and East Region of Kazakhstan, three underground mines and associated concentrators in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan.
In 2019, total copper production was 311 kt with by-products of 201 koz of gold, 3,382 koz of silver and 38 kt of zinc in concentrate. The Group’s new operations at Bozshakol and Aktogay have delivered industry-leading production growth and transformed KAZ Minerals into a company dominated by world-class, open-pit copper mines.
KAZ Minerals acquired the Baimskaya copper deposit in Chukotka, Russia in 2019. One of the world’s largest undeveloped copper resources, Baimskaya will play a significant role in providing the copper the world needs for its transition to renewable energy and low emission technologies, such as electric vehicles, for decades to come.
About the Baimskaya copper project
The Baimskaya copper project in Chukotka, Russia, contains mineral resources of 9.5 Mt of copper and 16.5 Moz of gold and is expected to have an average annual production of 250 kt copper and 400 koz gold per annum during the first 10 years of its 25-year mine life.
The project will employ modern mining and processing technologies to deliver low operating costs, within the first quartile of copper mines globally. The development of Baimskaya will enable KAZ Minerals to continue its high growth strategy in copper whilst realizing the benefits of employment, skills transfer and economic growth in Russia.
