KazakhGold
| KazakhGold
|
|
|---|---|
 |
|
| legal form | Limited |
| founding | 2005 |
| Seat | Stepnogor , Kazakhstan |
| management | Yevgeny Ivanov |
| Number of employees | 3,962 (2009) |
| sales | 115.7 million US dollars (2010) |
| Branch | Mining |
| Website | www.kazakhgold.com |
The KazakhGold Group Limited is the largest gold mining companies in Kazakhstan, headquartered in stepnogorsk and an office in London . However, the legal seat is on the island of Jersey . It has been part of the Russian mining company Polyus Gold since 2009 and is listed on the London Stock Exchange .
Corporate activities
The company produced a total of 2.26 tons of gold in 2009. Of this, 504 kilograms were extracted from the Aqsu mine , 763 kg from the Bestobe mine and 995 kg from the Zholymbet mine. According to its own information, KazakhGold has reserves of 47 million ounces of gold.
The KazakhGold Group has subsidiaries in Kyrgyzstan and Romania .
history
KazakhGold Group started production in 2005 after the mines and other facilities were renovated.
Due to the global economic crisis , sales during the 2008 fiscal year collapsed by more than two-thirds from US $ 177 million in 2007 to US $ 54 million.
In mid-2009 it was announced that KazakhGold and the Russian company Polyus Gold, which by then already owned 50.1 percent of Kazakhgold shares , will merge . The two companies will then operate under the new name Polyus Gold International. The merger of the two companies is a technical maneuver by Polyus Gold, which hopes that it will result in higher liquidity and the removal of trading restrictions. In the course of the merger, Kazakhgold adopted the same corporate design as Polyus Gold.
Shortly after the acquisition of KazakhGold Polyus Gold sued the former owners of the mining company, the Asaubajew family for theft of allegedly 450 million US dollars .
Web links
- The KazakhGold Group website (English)
Individual evidence
- ↑ KazakhGold: Annual Report 2009. (PDF) (No longer available online.) Archived from the original on April 9, 2011 ; Retrieved November 10, 2010 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ KazakhGold: Annual Report 2010. (PDF) (No longer available online.) Formerly in the original ; Retrieved May 22, 2011 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Wirtschaftsblatt : Russians and Kazakhs are planning gold weddings. Archived from the original on July 26, 2010 ; Retrieved November 10, 2010 .
