Kazakhmys Worker Dies In An Accident

Kazakhmys Worker Dies In An Accident

A Kazakhmys worker has died in a mine in Zhezkazgan today, Kazinform correspondent reports.

The accident occurred at the mine owned by Zhezkazgantsvetmet company.

“According to preliminary data, the 39-year-old engineman sustained fatal injuries as a result of the uncontrolled motion of trackless equipment,” Kazakhmys’ press service reports.

A special commission will determined what caused the incident.

Kazakhmys Corporation was a UK-registered copper mining company (as Kazakhmys PLC) whose main assets are located in Kazakhstan. Its headquarters are in Almaty and Astana in Kazakhstan. After 31 October 2014 the company is privately run by its owner Cuprum Holding. The headquarters of its main subsidiary, Kazakhmys Corporation, are located in Astana, Kazakhstan. Before October 2014 it was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index, also it was secondarily listed in Hong Kong in June 2011.

In February 2014 the company announced plans for major restructuring, and on 15 August 2014 independent shareholders of Kazakhmys PLC approved a major restructuring of the Group whereby Kazakhmys PLC disposed of a number of mature assets primarily in the Zhezkazgan and Central Regions to Cuprum Holding, a company whose principal shareholder is Vladimir Kim.

The assets will be privately run under the name Kazakhmys Corporation with Eduard Ogay as a CEO. The restructuring was complete on 31 October 2014 and the Group de-merged into 2 separate independent companies: a private company Kazakhmys Corporation and a public company KAZ Minerals PLC.

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