Kazzinc
| Kazzinc
|
|
|---|---|
 |
|
| legal form | ЖШС |
| founding | January 7, 1997 |
| Seat | Öskemen , Kazakhstan |
| management | Alexander Chmelew (Managing Director) |
| Number of employees | approx.20,000 (2019) |
| sales | 2,920,000,000 US dollars (2019) |
| Branch | Mining , metallurgy |
| Website | kazzinc.com |
| As of December 31, 2019 | |
Kazzinc ( Russian Казцинк Kaszink ) is a Kazakh mining company based in Öskemen . It was founded in 1997 and belongs to the Swiss group Glencore . Kazzinc's products primarily include zinc , lead and copper as well as the precious metals gold and silver .
history
The company was created on January 7, 1997 by order of Kazakh President Nursultan Nazarbayev through the merger of the three large companies Ust-Kamenogorsk Lead and Zinc Combinate , Leninogorsk Polymetallic Combinate and Zyrianovsk Lead Combinate , all of which were previously majority owned by the Kazakh state. At the same time, the newly created company was privatized; the Swiss company Glencore International AG took on a 50.7 percent stake as a private investor. Production started on February 1, 1997.
In 2004 the company acquired the rights to the mine Shaimerden in the region Karaganda . This deposit contains reserves of around one million tons of zinc. In October 2012, Glencore increased its stake to 69.6 percent; Glencore acquired a further 19 percent of Kazzinc for a price of approximately $ 400 million.
Since the company was founded in 1997, the group has increased the output of the five main products enormously. The zinc output has more than doubled since 1997.
Locations
- The company's headquarters are in Öskemen . To the north-east of the city is the Öskemen ( ⊙ ) Metallurgical Complex by Kazzinc, which was built in the 1960s as an extension of the old zinc refinery. The ores extracted from the company's deposits are processed here; the production mainly includes the metals zinc , copper , lead and the precious metals gold and silver .
- In Altai there is an ore processing plant on the eastern edge of the city. The ores from the Malayevsk opencast mine, which is a few kilometers away, are processed here. The processed ores are then transported on to Öskemen.
- In Kokshetau there is the subsidiary Altyntau Kokshetau. Gold has been mined here in an opencast mine 17 kilometers north of the city since 2009.
- In Ridder there is both an ore processing plant and an ore processing plant as well as several opencast mines in the vicinity of the city. In the Ridder Metallurgical Complex ( ⊙ ), the ore extracted from nearby is processed into zinc and zinc-aluminum alloy.
- In Serebryansk is located hydropower plant Buchtarma . It is operated by Kazzinc and has nine turbines with a total output of 675 MW.
- The Schairem deposit is approximately 360 kilometers from Karagandy . It is one of the largest metal ore deposits in Kazakhstan and consists of several deposits of lead, zinc, manganese and barite .
Products
Kazzinc's main products are zinc, lead and copper, and the precious metals gold and silver. Zinc production increased from 173,192 tons in 1997 to 305,478 tons in 2016. Copper production (68,212 tons in 2016) has also increased since the company was founded. Lead production has fluctuated in recent years and was 133,593 tons in 2016. Gold production has risen sharply in recent years, while the amount of silver has decreased slightly.
In addition to these metals, Kazzinc also has bismuth , cadmium , indium , thallium and selenium as well as aluminum and mercury in its range.
Web links
- Kazzinc website (English, Kazakh and Russian)
Individual evidence
- ↑ Листинговой комиссии по простым акциям АО "КАЗЦИНК". Kazakh Stock Exchange, accessed on August 6, 2020 (PDF; Russian).
- ↑ a b Annual Report 2019. Glencore plc, accessed July 27, 2020 (PDF; English).
- ↑ Glencore increased stake in “Kazzinc” to 69.61%. KazTag, accessed on August 3, 2020.
- ^ Ust-Kamenogorsk Metallurgical Complex. Kazzinc, accessed August 3, 2020.
- ^ Ridder Metallurgical Complex. Kazzinc, accessed August 3, 2020.
- ↑ Production. KAZZINC, accessed on March 29, 2017 .
- ↑ Kazzinc products. (No longer available online.) Archived from the original on December 25, 2012 ; accessed on March 29, 2017 (English). 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.
