Kazakhmys sets out plan to split

Suzie Neuwirth
KAZAKHMYS’ share price jumped more than eight per cent yesterday, after the copper miner announced the details of a proposed restructuring to turn around the business.

The FTSE 250-listed Kazakh miner will transfer some of its less profitable assets to Cuprum Hold­ing, a private company owned by two of its shareholders.

The company has been struggling with weak metal prices and rising production costs in recent years.