Last checked at (Sharecast News) - Altyn said on Monday that it has achieved an "important milestone" in the extension of its mining contract at Sekisovskoye to 2030.
The London-listed firm said the State Ecological Expertise Agency of the Eastern Kazakhstan region has approved the plan for mining operations and the environmental impact assessment on the Sekisovskoye deposit.
It said that specifically, the new permissions regarding environmental emissions and environmental protection measures were granted to Altyn's subsidiary Baurgold for the period between 2020 and 2029.
"Following this approval, Altyn anticipates a successful review over the coming months of addendum eight of subsoil contract 555 for the Sekisovskoye deposit, with the Ministry of Investment and Infrastructural Development of Kazakhstan, for the extension of its contract until 2030," the board said in its statement.
"The company will update shareholders upon the finalisation of the renewal."
At 0859 BST, shares in Altyn were down 2.29% at 1.15p.
8 Oct 2019 12:07
Altyn releases 'important upgrade' to Sekisovskoye resources and reserves
(Sharecast News) - Altyn announced the results of the latest independent competent person's report for the Sekisovskoye Mine on Tuesday, which included an "important upgrade" to its mineral resources and ore reserves estimates.
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