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Altyn RNS Release

Altyn transparency disclosure 2016


RNS Number : 5918W
Altyn PLC
15 November 2017
 

Altyn  Plc

("Altyn" or the "Company")

 

Altyn transparency disclosure 2016

 

The Reports on Payments to Governments Regulations (UK Regulations) requires UK companies in the extractive sectors to publically disclose payments made to governments in the countries where they undertake extractive operations.

Altyn's sole country of operation is Kazakhstan. The payments made by Altyn plc and its subsidiaries during the period to December 2016 are shown in US dollars in the table below:

 

Licence / company

Royalties

Income taxes

Bonus

Licence fees

Infrastructure improvements

Total

Altyn plc

0

0

0

0

0

0

DTOO GRP Baurgold

608,000

114,000

0

175,000

0

897,000

TOO GMK Altyn MM

92,000

0

127,000

0

0

219,000

Total

700,000

114,000

127,000

175,000

0

1,116,000

 

All payments are made on a cash basis and payments are recorded in US dollars using the rate of exchange at the date the payments were made.

 

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra               

+44 (0) 207 932 2456

Information on the Company  

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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