Kazakhmys Copper Seeks KASE Delisting After Major Dividend Payout
Kazakhmys Copper’s sole shareholder again decided on August 4 to delist the company’s shares from the Kazakhstan Stock Exchange. Eleven days earlier, the company had paid its owner nearly 400 billion tenge in dividends, Orda.kz reports.
On August 12, KASE published the shareholder’s decision concerning Kazakhmys Copper’s ordinary shares, which trade under the ticker KMCP. The company’s management was instructed to apply for voluntary delisting.
This is not Kazakhmys Copper’s first attempt to leave the exchange. Its sole shareholder made the same decision on April 14. The two documents are nearly identical, and the company did not explain why another decision was required four months later.
KASE has not said when the shares will be removed from its official list.
Nearly 400 Billion Tenge Paid to the Owner
Shortly before the second delisting decision, Kazakhmys Copper distributed part of its profit for 2025. The company earned 811.8 billion tenge and allocated almost half of that amount to dividends.
On July 24, its sole shareholder, KCC Copper Limited, received 399.6 billion tenge, equivalent to 11.5 tenge per share.
KCC Copper Limited was registered at the Astana International Financial Centre in November 2025. It is part of Kazakhmys Holding Limited, which is controlled by Vladimir Kim and Eduard Ogai.
Not the Same Kazakhmys
Kazakhmys Copper previously owned Kazakhmys Corporation LLP. At the end of 2025, the corporation’s main production assets were transferred to companies controlled by entrepreneur Nurlan Artykbayev.
Some assets, however, remained within the previous ownership structure. Kazakhmys Copper retained a 99.9% stake in Qaz Copper Group, which later received nearly 69% of Aidarly Project, the company developing a major copper and molybdenum deposit.
Original author: Alexander Zhdanov
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