Kaz Minerals Share Discussion Threads

[bobsidian] 17/11/2015 08:22

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) announces that it has reached
agreement with its principal construction contractor, Non Ferrous China “NFC”), to defer payment of $300 million relating to the Group’s Aktogay project. Under the revised terms, $300 million of construction costs which were scheduled to be paid in 2016 and 2017 will be settled in the first half of 2018. There is no change to the overall amount payable to NFC or the project budget of $2.3 billion. Aktogay remains on track to commence production from oxide ore in 2015 and production from sulphide ore in 2017.

Oleg Novachuk, Chief Executive, said: “The deferral of $300 million to 2018 provides KAZ Minerals with additional liquidity during the construction and ramp up of Bozshakol and Aktogay. This agreement also demonstrates the strength of our relationship with NFC and continues our strong track record of securing support from our partners in China for these strategically important copper projects.”

[tsmith2] 17/11/2015 08:16

Anyone have the news release?

[temmujin] 16/11/2015 17:48

copper now $211...but how long for at this crazy price..who is driving it down...china or goldman boys?

[datait] 16/11/2015 12:54

TOLD YOU THIS IS WELL OVER DONE £1 IN NO TIME

[datait] 16/11/2015 12:53

Get ready for the zip up folks.

[datait] 16/11/2015 12:51

shortly moving over that red line lol

[datait] 16/11/2015 12:42

The drop has been well overdone.

[datait] 16/11/2015 12:40

level2 looking very good not long before its blue.

[datait] 16/11/2015 12:38

Don't think it will be long before its £2 again as it has been hit hard.

[datait] 16/11/2015 12:29

Wouldn't surprise me if there is a bid at this crazy price.

[temmujin] 16/11/2015 11:14

close ya shorts quick goldman boys or face oblivion!

[michaelsadvfn] 16/11/2015 11:11

temmujin 16 Nov'15 - 11:09 - 10743 of 10743 0 0

been told hostile bid in the pipeline...get in my son!

No you haven't. Clown.

[temmujin] 16/11/2015 11:09

been told hostile bid in the pipeline...get in my son!

[geoff21] 16/11/2015 11:09

santa rally tip: KAZ to £1.50.

[deanroberthunt] 16/11/2015 10:36

Any tips for the Santa Rally boyz.....please advise FTSE100/250 stock only

[yineaopqwhf] 16/11/2015 10:33

Big drop here today, what (if anything) has changed?

Source, re. rights issue for KAZ, take a gander at LMI to see if this is the kind of thing you want.

[wooster4] 16/11/2015 10:28

deanrobert - we've been in the biggest mining depression in living history in the past five years!!!

[mj19] 16/11/2015 10:26

Help me hold on to these

[manics] 16/11/2015 10:17

Still watching, no position.

One memory (from financials) in 2008 was that it didn't much matter if your buy cratered 10% in the following sessions -those buying at comparable lows (to moving averages) made excellent returns over the years proceeding.

Fear. Greed. The usual..!

[source] 16/11/2015 10:13

Does KAZ need a cash call? Seems it's going to burn through a bit of cash up to 2016/17 which isn't good in this market. Maybe if it does shore up its cash position through a rights issue it would help? The dropping copper prices though can't be helping one bit. Bit sticky at the moment then it seems. Regards,Source.

[deanroberthunt] 16/11/2015 09:43

DIDN'T THINK WE'D SEE THESE LEVELS AGAIN SO SOON............

[mj19] 16/11/2015 09:36

Test of 65 coming