The story
Mining activity in the region dates back to the early 20th century. In 1913, the Spassky Joint Stock Company was registered in Zhezkazgan under the leadership of British businessman Leslie Urquhart. Following the October Revolution, the company was nationalized in the 1920s.
In April 1931, the industrial entity known as Balkhashmet was established. Copper smelting operations began in Balkhash in 1938, and in 1943 the BMZ plant commenced operations in Zhezkazgan.
Kazakhmys itself was formally established in 1992. After its registration as a joint-stock company in 1997, it transitioned into a limited liability partnership in 2005. In 2014, the company was split into Kazakhmys Corporation LLP and KAZ Minerals Plc.
From Wikipedia’s article on Kazakhmys, shared under CC BY-SA 4.0.7