KAZ Minerals

KAZ Minerals is the largest copper producer in Kazakhstan. The company operates the Bozshakol open-pit mine in the Pavlodar region of Kazakhstan, the Aktogay open-pit mine and three underground mines in the East Region of Kazakhstan. The company also operates the Bozymchak open-pit mine in the Kyrgyz Republic. KAZ Minerals is listed in London and Kazakhstan.
Supporter since 2019

Statement of Support

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 KAZ Minerals various stakeholders.

Engagement with the EITI

KAZ Minerals became an EITI supporting company in 2019. The company is committed to supporting the implementation of the EITI Standard in countries where it operates and to promoting transparency throughout the extractive industries.

Details of the company's economic contribution and payments to governments in 2019 can be found in its sustainability report (pgs 50-51) and in the financial review in the 2019 Annual Report and Accounts (pgs 48-49).

Strengthening transparency

The company reports all payments to governments in line with the EITI Standard, United Kingdom (UK) regulations and the European Union Transparency Directive. The report on payments to governments by country for 2019 is available here.

Link to the statement of support on KAZ's website 

Statement of support to the EITI on KAZ mineral's website