"Kazakhmys" relocated from the Netherlands to Astana amid upcoming sale

Владислав Вислоцкий Exclusive
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The company "Kazakhmys Corporation," engaged in copper mining, no longer has ties with the Dutch enterprise. Shareholders, including millionaires Vladimir Kim and Eduard Ogaï, plan to sell the company's assets. According to data from DFO, the parent company Kazakhmys Copper has changed its shareholders and now has no relations with K.C.C B.V. from the Netherlands, as reported by Kursiv.

Now, KCC Copper Limited has taken the place of K.C.C B.V. as the founder of Kazakhmys Copper, which was registered in Astana in early November 2025.

This company operates under the Astana International Financial Centre (AIFC) and is owned by Kazakhmys Holding Limited, which remains under the control of Kim and Ogaï.
There is a possibility that the new management structure of "Kazakhmys" is a preparatory stage for a potential sale of the company.


“The creation of a separate holding before the potential sale of a key asset is perceived as preparation for a deal, which opens up opportunities for structuring through the AIFC,” comments economist and author of the Telegram channel Finmentor.kz Arman Bataev.


According to information provided by "Kursiv" citing Bloomberg, millionaire Nurlan Artykbaev is being considered as a potential buyer of "Kazakhmys." In recent years, he has launched several new companies, most of which are registered in the AIFC jurisdiction.

It is worth noting that Kim owns 70% of the shares of Kazakhmys Holding Limited, while Ogaï is the second co-owner with 30%. Kim ranks third on the list of the richest Kazakhs according to Forbes, with a net worth of $5.7 billion.

Artykbaev, for his part, is in 44th place in the Forbes ranking with a net worth of $228 million. Details on how he managed to earn his money can be found here.
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