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               

[phone]

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

 

END

 

 

MSCFFEFFIFWSEIF