15 Nov 2017 11:52
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
Altyngold (ALTN)