Kazakhmys Copper, which consolidates the copper assets of Vladimir Kim, will not delist from the Kazakhstan Stock Exchange. The decision was made by the company’s sole shareholder.
The shareholder reversed an earlier decision, announced April 14, to voluntarily delist the company’s shares from KASE. As a result, the shares will remain listed on the exchange, although they are not actively traded.
Asset structure and ownership
Kazakhmys Copper manages assets previously held by Kazakhmys Corporation before their sale to Nurlan Artykbayev, owner of the construction firm Qazaq Stroy.
In January 2025, subsidiary Qaz Copper Group was established, consolidating several former Kazakhmys assets. These include the Aidarly deposit and the Ozernoye deposit.
The sole owner of Kazakhmys Copper is KCC Copper Limited, which is controlled by Kazakhmys Holding Limited. The holding is co-owned by Kim (70%) and Eduard Ogay (30%).
Financial performance
Kazakhmys Copper reported revenue of 1.4 trillion tenge (approx. $3 billion) in 2024, up from 1.3 trillion tenge in 2023. Net profit totaled 63.5 billion tenge in 2024, compared with 109.6 billion tenge a year earlier.
Recent transaction
In late December 2025, Kim and Ogay sold Kazakhmys LLC to Artykbayev. The value of the transaction was not disclosed.
