M&A Deal Summary

KAZ Minerals Acquires Koksay Deposit

On April 16, 2014, KAZ Minerals acquired metals/mining company Koksay Deposit for 260M USD

Acquisition Highlights
  • This is KAZ Minerals’ 1st transaction in the Metals/Mining sector.
  • This is KAZ Minerals’ largest (disclosed) transaction.
  • This is KAZ Minerals’ 1st transaction in Kazakhstan.

M&A Deal Summary

Date 2014-04-16
Target Koksay Deposit
Sector Metals/Mining
Buyer(s) KAZ Minerals
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

Koksay Deposit

Kazakhstan
Koksay is situated in the south-eastern Kazakhstan and contains about 3.4mn tons of copper at an average grade of 0,48%. The deposit's by-products include gold, silver and molybdenum. The estimated life-of-mine is 20 years with an average annual production of 80kt of copper cathode, 60k ounces of gold, 400k ounces of silver and 1kt of molybdenum in concentrate.

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Buyer(S) 1

Buyer

KAZ Minerals

London, United Kingdom

Category Company
Founded 1930
Sector Metals/Mining
Employees16,000
Revenue 2.4B USD (2020)
DESCRIPTION

KAZ Minerals is a copper mining and processing firm, KAZ Minerals is among the natural resources groups. KAZ Minerals was founded in 1930 and is based in London, the United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Kazakhstan) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1