GDK Baimskaya was acquired by Trianon Limited in July 2023. After the completion of this transaction, KAZ Minerals no longer operates in Russia, the company said in a statement.
KAZ Minerals signed an agreement in 2018 to acquire the Baimsky copper project in the Chukotka Autonomous Okrug for $900 million in cash and shares.
Baimskoye is a large copper deposit. The license for the development of the deposit belongs to LLC GDK Baimskaya.
Trianon Limited is a Kazakhstani company owned by the main shareholders of KAZ Minerals.
KAZ Minerals Limited is a copper mining company. The Group operates at the Aktogay and Orlovsky copper mines in the Abay region and the Bozshakol mine in the Pavlodar region, two underground mines and corresponding processing plants in the East Kazakhstan region and the Bozymchak copper and gold mine in Kyrgyzstan.
In 2022, KAZ Minerals' total copper production amounted to 380 thousand tons, 171 thousand ounces of gold, 3.8 million ounces of silver and 47 thousand tons of zinc in concentrate were produced as by-products.
KAZ Minerals employs about 14 thousand people in Kazakhstan and Kyrgyzstan.
