Visit our new Alternative Investment section.Click here

Less Ads, More Data, More Tools Register for FREE

Two dead, five injured at Glencore zinc plant in Kazakhstan

Tue, 05th May 2026 18:48

(Alliance News) - Two people have died at Glencore PLC's Kazzinc zinc facility in Kazakhstan, according to reports seen by the Financial Times and Reuters on Tuesday.

The deaths were caused by a 120-square metre fire which began after "A dust collector exploded in the smelting section of the electrolysis unit," Kazakhstan's emergency services ministry said.

Five others were injured in the event, which caused a portion of the building to collapse.

"According to preliminary ⁠information, a bang occurred ​while work was being carried ​out to clean the smoke extractor, followed by a fire and ​the partial collapse of ​the structure," Kazzinc said in a statement.

The Kazzinc plant in Ust-Kamenogorsk is Kazakhstan's largest zinc production facility, according to Reuters. It is majority-owned by Baar, Switzerland-based mining house Glencore.

Kazakhstan's state fund ⁠Samruk-Kazyna ​holds the remaining ​30% stake in the company.

"Appropriate measures will be taken to assess the feasibility of continuing the production cycle. At the same time, oversight of safety compliance at the facility will be strengthened," the local government said in a statement.

In 2026, Kazzinc reported USD5.1 billion in revenue and USD1.65 billion in adjusted earnings before interest and tax, higher than the previous year thanks to the higher gold prices, FT said.

Kazzinc produced 212,000 tonnes of zinc last year, along with 543,000 troy ounces of gold.

Glencore said the situation was "currently contained with efforts focused on treating the injured personnel”, and that air quality testing showed "no impact on the environment".

Glencore shares closed down 0.2% at 561.90 pence each in London on Tuesday.

By Aidan Lane, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Market Reports Corporate News Mining Construction & Materials Glencore

Shares in this article

Related News

London's FTSE 250 midcap index scales near three-month high; BP slides
2 days ago

London's FTSE 250 midcap index scales near three-month high; BP slides

* BP shares drop after Chair Albert Manifold ​ousted

Market News BP + 7 more shares
LONDON MARKET CLOSE: Stocks climb but BP knocked by sudden Chair exit
2 days ago

LONDON MARKET CLOSE: Stocks climb but BP knocked by sudden Chair exit

(Alliance News) - The FTSE 100 closed higher on Tuesday although a fall in oil major BP following the unexpected departure of Chair Albert Manifold li...

Market News BP + 11 more shares