At the 2019 EITI Global Conference in Paris, the EITI welcomed KAZ Minerals PLC as its newest supporting company.
KAZ Minerals is a copper company focused on large scale, low cost open pit mining in the CIS (Commonwealth of Independent States) Region. The Group is listed in London and Kazakhstan. KAZ Minerals operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan, the Aktogay pit open mine and three underground mines in the East Region of Kazakhstan, and the Bozymchak open pit mine in the Kyrgyz Republic. KAZ Minerals is committed to supporting the EITI in the countries in which it operates, which include Kazakhstan, the Kyrgyz Republic and also the United Kingdom, and to promoting transparency throughout the extractive industries.
KAZ Minerals believes that increasing transparency of tax and royalty payments builds trust, helping governments and local communities to understand the mutual benefits of natural resource extraction, and how that economic value is distributed between the Group’s various stakeholders. It reports all payments to governments, by country, in line with the EITI Standard, UK regulations and the European Union Transparency Directive. Details of the group’s economic contribution and payments to governments as well as additional information on the group’s commitment to the sustainable, transparent and accountable management of natural resources can be found here.