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Mining & commodities

Kazzinc

Profile reviewed

Kazzinc produces zinc, lead, copper and gold in Kazakhstan. Glencore reports a 69.7% interest in Kazzinc LLP. [1][2][3]

01 / Behind the name

Who owns Kazzinc?

Private · Glencore-controlled business · 69.7% · FY2025 group interest [1][2][3]

  1. 01
    Operating business · Glencore group interest 69.7% · FY2025 group interest

    Kazzinc LLP [1][2][3]

    As reported · 31 Dec 2025

The 69.7% annual-report interest is in the named Kazakhstan-incorporated business. It does not imply 100% ownership or an identical stake in every mine or affiliate. Glencore's current zinc-and-lead page also reports 69.7%. [1][2][3]

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02 / On the map

Where is it based?

Controlling parent group
Glencore plc [1]
Group headquarters
Baar · Glencore parent group, Switzerland [1]
Parent incorporated in
Jersey · Glencore plc [1]
Reported tax residence
Switzerland · Glencore parent company [1]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

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Investors in Kazzinc

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Equity ownership

Glencore plc

Held entity · Kazzinc LLP

69.7% · FY2025 group interest

Annual report ownership snapshot ·

The 69.7% annual-report interest is in the named Kazakhstan-incorporated business. It does not imply 100% ownership or an identical stake in every mine or affiliate. Glencore's current zinc-and-lead page also reports 69.7%.

Evidence · 3 sources
  • Glencore annual report 2025 (opens in a new tab)

    Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters

    Accessed 10 Oct 2026
  • Glencore half-year report 2026 (opens in a new tab)

    Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals

    Accessed 10 Oct 2026
  • Glencore zinc and lead businesses (opens in a new tab)

    Glencore plc · Current asset descriptions: Kazzinc in Kazakhstan (69.7%); Britannia Refined Metals lead and silver refinery in the UK

    Accessed 10 Oct 2026

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03 / The figures, with context

What does it report in UK tax?

This ownership review has not established a separate UK cash corporation-tax payment for this business.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

Kazzinc · UK cash reporting scope not reconciled
Annual reporting period not yet verified

A business ownership percentage or UK operating address does not establish its UK cash corporation-tax payment. Not verified does not mean no tax was paid. [1][2][3]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    Glencore annual report 2025 (opens in a new tab)

    Glencore plc · Published 10 March 2026; printed p121: voting-right snapshot at 30 January 2026; p149: Swiss tax residence; pp228–230: FY2025 subsidiary interests and investments; p245: incorporation and headquarters

    Accessed 10 Oct 2026
  2. 02
    Glencore half-year report 2026 (opens in a new tab)

    Glencore plc · Published 5 August 2026; continuing industrial and marketing businesses; p30: worldwide cash income tax; note 8 p43: contested UK assessments; note 23 p57: completed Viterra and Pasar disposals

    Accessed 10 Oct 2026
  3. 03
    Glencore zinc and lead businesses (opens in a new tab)

    Glencore plc · Current asset descriptions: Kazzinc in Kazakhstan (69.7%); Britannia Refined Metals lead and silver refinery in the UK

    Accessed 10 Oct 2026