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New horizons of development

The meeting of the company management with the representatives of labor collectives was held both in the format of direct communication and remotely via videoconference. Eduard Ogay, the Chairman of the Board of Directors of Kazakhmys Holding LLP and the Chairman of the Board of Kazakhmys Corporation LLP introduced the new managers of the corporation: the First Deputy Chairman of the Board A.P. Gaydin and the Deputy Chairmen of the Board A.N. Barmenkulov and M.V. Krasyuk. Andrey Pavlovich supervises the production and technical development of the corporation, the issues of health and safety, as well as compliance of the social and living conditions for employees at the company production facilities with modern requirements. The field of activity of Adilet Nazarbayevich includes the issues of regional and social development, relations with public authorities, work with the Government, and other issues of internal and external policy of the corporation.  Marina Vladimirovna deals with the issues of prospective development and re-equipment of concentrating production. Based on the results of the speeches of the Corporation managers and the answers to the questions of the meeting participants, the main areas of the company activities for the future were covered, and a number of important decisions were announced. So, according to the strategic plan of Kazakhmys Corporation LLP for a period up to 2040, it is planned to develop and create new production facilities with the prospect of increasing ore production. For example, for the Zhomart mine, it is planned to build and put into operation a new concentrating mill with a capacity of 4 mln tons of ore per year by 2025. It is planned to modernize the crushing unit of the Nurkazgan concentrating mill with achieving the volume of processing of 4 mln tons of ore in 2022. From 2027, the mill capacity will constitute 6,5 mln tons of ore per year. By 2027, all capital works for the Kusmurun-Akbastau mine will be completed. The volume of ore produced by the underground method will constitute 1,7 mln tons. It is planned to put into operation the new Zhaisan mine with a production volume of 600 thousand of ore per year and process the from the Shatyrkul and Zhaisan deposits at the new Shatyrkul-Zhaisan concentrating mill with commissioning in 2024; the planned capacity is 1,0 mln tons per year with the possibility of expansion to 1,5 mln tons of ore per year. The programme for the development of Kazakhmys production is developed for 20 years. The construction of new facilities and the modernization of existing ones will make it possible to replenish ore production during this period by 6 906 thousand tons of ore with an average copper content of 1,08%. Besides, it is planned to renovate administration and amenity buildings and facilities and create the necessary living conditions for the rotational workers. It was also reported at the meeting that since the beginning of the coronavirus pandemic, Kazakhmys has held a number of events both within the company and for the residents of the cities in the operations area for a total amount of about 17 bln tenges. In particular, over 10 bln tenges were spent for support of the Kazakhmys employees and the measures for protection and disinfection at all production facilities. To support health care during the COVID-19 pandemic, Kazakhmys has allocated about 7 bln tenges to the republican fund Birgemyz and for the cities of Zhezkazgan, Satpayev, and Balkhash. In connection with the threat of a new wave of the spread of coronavirus infection and acute respiratory viral infections, the company employees are vaccinated against known strains of influenza. As of today, over 10 thousand workers have been vaccinated. Vaccination is free and voluntary. The company makes annual decisions on wage growth. For example, in 2020, the wage increase was carried out differentially depending on the type of activity, while the minimum wage in the company increased from 100 000 to 140 000 tenges. For 8 months of this year, the average wage in the company increased by 14.1%. At the meeting, the management announced a decision to re-pay all employees of the companies 100 000 tenges as support during the period of a possible pandemic wave. The payments will also be made in the outsourcing companies. Besides, the questions of paying bonuses to the Kazakhmys employees at the yearend and increasing wages for all categories of workers were raised. The exact amount of the increase and the timing of payments will be announced after the necessary monitoring and analysis of the situation. Upon completion of the meeting, each employee could ask the Kazakhmys management about the issues of interest. The meeting of the top managers of the Kazakhmys corporation with the representatives of the labor collectives finished on a positive note. The employees noted the contribution of the company to the social and economic development of the regions and the support of the population during the pandemic