The message also emphasizes that compliance with Kazakhstan's legislation will be of paramount importance. According to industry regulations, a special permit from the Ministry of Industry and Construction, as well as from the Agency for Protection and Development of Competition, is required for the change of ownership of shares or stakes in the mining and metallurgical sector. At the same time, all partners, creditors, minority shareholders, and other interested parties will be notified.
“These measures are aimed at ensuring complete transparency of the process, timely information, and compliance with all regulatory requirements, including obligations to all participants in the company's activities,” the corporation added.
Additionally, Kazakhmys assured that the change of shareholder will not negatively impact production and operational processes. All contractual obligations, social guarantees for employees, and job stability will remain at the same level.
“The corporation's activities will continue as usual, and the implementation of current and future projects will be carried out in accordance with existing strategic plans,” the message states.
According to previously published information from Bloomberg, the new shareholder may be Nurlan Artykbaev, the founder and majority owner of Qazaq Stroy.
