Governance

KAZ Minerals maintains high standards of corporate governance, which form the foundation of trust, transparency, and accountability in our relationships with all stakeholders.

Explore our locations

Multiple heavy duty drilling machines set against desert-like background and blue sky.

Maintaining trust through strong corporate oversight

Following our delisting in 2021, the Group adopted the Wates Corporate Governance Principles for Large Private Companies. We have maintained and evolved our internal control framework to support this transition, adapting our policies and committee structures to align with our new corporate structure and operations in the UAE.

The terms of reference for the Supervisory Board Committees have been revised to reflect the Group’s evolving structure and strategic goals.

Purpose, values and strategy

We are committed to enabling a sustainable future by supplying copper—a critical metal for the global transition to a green economy. Our strategy is centred on optimising copper production, ensuring the long-term sustainability of our business.

Our workforce continues to be a key driver of our success, with 2024 marked by strong performance across the business.

Worker standing on the sidelines looking on at sheets of copper being moved

Our employees consistently demonstrate our five corporate values:

Safety

Long-term efficiency

Teamwork

Professional development

Integrity

Two workers in bright safety gear, including helmets and goggles, stand in a warehouse. One holds coiled cables, conveying teamwork and readiness.

Culture

The culture of KAZ Minerals is guided by our deeply embedded corporate values, which are reinforced through:

Employee training and development
Reward and recognition schemes
Regular engagement across all levels of the business

We monitor cultural alignment using a variety of tools, including internal audits, safety and health reporting, the Speak Up confidential reporting line, and site visits by senior leadership. Feedback from these activities is used to inform the Supervisory Board and drive continuous improvement.

Two workers seen from behind pointing and staring into mountainous distance.

Diversity

We are strongly committed to diversity and equality, ensuring all employees and candidates have equal access to opportunities. Our workforce includes 21% female employees, compared with a 19% industry average, and 25% of senior management roles are held by women.

We are also proud to have worked with the Government of Kazakhstan to successfully lift historic legal restrictions on women in certain mining roles, opening more opportunities across the sector.

A pastel gradient sky seen in the distance. From an elevated drone view, multiple facilities are visible.

Committee framework

Our corporate governance framework supports the Supervisory Board in its mission to deliver long-term, sustainable growth through transparent and ethical oversight.

Each Supervisory Board Committee is responsible for a specific area of the Group’s operations and plays a key role in internal control, risk management, and strategic oversight.

Two workers wearing safety gear inspect machinery in an industrial setting. Both wear helmets, gloves, and high-visibility vests, engaging attentively.

Stakeholder engagement

Engaging with stakeholders is an essential part of the Supervisory Board’s responsibilities. Ongoing dialogue allows us to gain insight into stakeholder expectations, strengthen partnerships, and ensure our growth strategy aligns with broader social and environmental responsibilities Our aim is to create long-term sustainable success that supports and benefits all of our stakeholders.