Add-on Acquisition • Metals/Mining

KAZ Minerals Acquires Koksay Deposit

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 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 Context for Buyer #
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