Bozshakol

Kazakhmys PLC announced that the Board has approved the development of the Bozshakol Copper Project, following the successful completion of its feasibility study.

Kazakhmys PLC has approved the investment of up to $50 million dollars to purchase equipment for the Boschekul and Aktogay copper projects. The purchase will include some of the required major grinding mills, which will be able to process over 20 million tonnes of ore per annum. Boschekul and Aktogay are both currently in pre feasibility stage and are expected to move to feasibility in the first half of 2009.

The pre-feasibility study is due to be finished at the end of 2008 and the feasibility study at the end of 2009. It is anticipated that first ore production will commence at the end of 2011, with most of the capex falling between 2009 and 2011.