Altyn transparency disclosure 2016

Altyngold

15/11/2017 11:52

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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