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Kazakhmys sets out plan to split
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.