Kaz Minerals boss raises take private bid to £4.1bn Kaz Minerals boss raises take private bid to £4.1bn The chief executive of FTSE 250 miner Kaz Minerals has raised his offer to take the firm private for a second time, it was announced this morning. Oleg Novachuk, the joint owner of Nova Resources, has tabled a £4.1bn offer for the Kazakhstan-focused firm, up from a previous bid of £3.7bn. Shares in the firm [...]
Kaz Minerals owner tables £3.7bn bid to take miner private Kaz Minerals owner tables £3.7bn bid to take miner private Kaz Minerals has this morning received an increased £3.7bn offer from Nova Resources after an earlier bid was rejected. Nova, which is led by Kaz chairman Oleg Novachuk, first made a 640p per share offer for the London-listed miner back in October. However, due to a rise in global copper prices, the firm’s shares have [...]
Kaz Minerals posts profit and revenue boost in 2019 Kaz Minerals posts profit and revenue boost in 2019 Kaz Minerals boosted both its profit and its revenue in 2019 as higher production rates and sales volumes offset a decline in copper prices. Shares in the mining company rose almost a per cent today. The figures Operating profit increased eight per cent in 2019, up to $923m (£717.2m) from $851m the year before. Revenue [...]
Kazakh-stunned: Copper miner Kaz takes hit as prices falter August 15, 2019 Kazakhstan-based miner Kaz Minerals sounded a cautious note this morning after being stung by copper prices in the first half of the year. Pre-tax profit at the company dropped nearly 19 per cent to $289m, hurt especially by a 11 per cent drop in the price of copper, it’s main product. Read more: Evraz hails [...]
Global markets rally on improved US-China trade relations December 3, 2018 Markets worldwide rallied this morning on the news that China and the US had pulled back from the brink in their escalating trade war. The FTSE 100 was up 145 points on 7,125, the FTSE 250 up 250 points to 18,730 and the FTSE all-share was up 73 points on 3,896. Among the biggest risers [...]