Kazakhmys planning buyback, might earmark up to $250 mln for share purchase

摘要

Kazakhstan's largest copper producer Kazakhmys has announced it is planning a buyback of its common share traded on the London Stock Exchange and could invest as much as $250 million to do so. Earnings per share based on underlying profit rose 25% to 162 cents in H1, while copper ore production rose 2%. H2 figures are likely to show further rises when the company brings one of largest growth projects - the Bozshakol metals project, online before the beginning of the year. The company has also decided to sell oil division, Kazakhmys Petroleum, which is developing the East Akzhar field, for $100 million.