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Our Strategy
Delivering long term value with responsibility and scale
At KAZ Minerals, our strategy is built on delivering growth projects, operational excellence, and responsible resource development. We focus on long life copper assets with low operating costs and high returns on investment, while maintaining a lasting commitment to people, communities, and the environment.
Our vision
To be a leading developer and operator of large-scale, low-cost copper mines.
Our objective
To deliver value for our shareholders whilst maintaining a strong social commitment to our employees, the environment, and communities around us.
Deliver major growth projects
Investing in high growth projects with strong returns
We prioritise high-return growth opportunities, whether through the expansion of existing operations or the development of new copper assets.
2024 Highlights:
29.6 Mt
Aktogay expansion: Fully operational, exceeding design capacity with 29.6 Mt of ore processed
300 kt/year
New smelter: Feasibility study completed for a 300 kt/year copper smelter in Kazakhstan, in partnership with a Chinese firm
Optimise existing assets
Operating safely, efficiently, and sustainably
We continually improve productivity and cost control across all sites while prioritising workforce safety and responsible capital allocation.
2024 Highlights:
96.5 Mt
96.5 Mt of ore processed (record volumes)
1.08
TRIFR: 1.08 (ICMM 2023 average of 2.59)
Success
Aktogay & Bozshakol: Operated above design capacity
Stable
East Region & Bozymchak: Production consistent with prior year
Take advantage of natural resource opportunities
Focused on copper-rich regions in Central Asia
We actively pursue new copper opportunities in Kazakhstan and Kyrgyzstan to strengthen and diversify our resource base.
2024 highlights:
Growth
Ongoing greenfield and brownfield exploration to identify future growth potential and expand the Group’s resource base.
380 kt
Total Group copper production was 380 kt in 2024, maintaining the Group’s position as a leading regional producer.
Be a socially responsible operator
Embedding sustainability into every part of our business
We are committed to reducing our environmental footprint, investing in our people, and sharing the benefits of our work with local communities.
2024 highlights:
5yr
Exceeded 5-year targets on reductions in CO₂-equivalent emissions and water consumption
50%
Invested in a portfolio of hydro power stations in Kazakhstan, supporting Kazakhstan’s national goal to increase renewable energy to 50% of the mix by 2050.
64
64 average training hours per employee
$52 m
$52 million invested in community and social projects