Kazakhmys Corporation has signed a framework agreement outlining the upcoming transfer of control over «Kazakhmys Corporation» LLP to a new shareholder.

The agreement was signed jointly by Kazakhmys President Vladimir Kim and Chairman of the Board Eduard Ogay. This signing marks the starting point of the control transfer process. In the near future, all necessary steps and obligations under the agreement will be carried out, culminating in the signing of a share purchase agreement.

Special attention will be given to compliance with the legislation of the Republic of Kazakhstan. According to sectoral regulations, a change of ownership in mining and metallurgical companies requires approval from the Ministry of Industry and Construction, as well as from the Agency for Protection and Development of Competition of Kazakhstan.

Simultaneously, Kazakhmys will notify partners, creditors, minority shareholders, and other stakeholders. These measures are designed to ensure full transparency, timely communication and compliance with all legal requirements, including obligations to all parties involved in the company’s operations.

The agreement ensures that the upcoming shareholder change will not affect production or operational processes and all contractual obligations, employee social guarantees and job stability will remain fully intact. Kazakhmys’ operations will continue as usual and current and future projects will proceed in line with existing strategic plans.