24 Jan 2022 10:21
AltynGold Plc
("AltynGold" or the "Company")
Statement regarding situation in Kazakhstan
AltynGold establishes Environmental, Social and Governance Committee
AltynGold (“Altyn” or the “Company”) today announces the establishment of an Environmental, Social and Governance (ESG) Committee. The new committee will focus on developing AltynGold’s ESG strategy and ensuring compliance with ESG principles to support the achievement of the Company’s sustainability goals.
The ESG Committee will be chaired by Vladimir Shkolnik, a non-executive director on AltynGold’s Board of Directors since 2017. Maryam Buribayeva has been appointed as a non-executive director she has extensive experience in finance, and was elected Deputy Chairman of the committee.
Reducing its environmental footprint has always been one of the key business objectives for the Company. Thanks to modern equipment and environmentally friendly technologies, in just four years, the AltynGold team has managed to reduce total greenhouse gas emissions by 35.5%; energy and water consumption by 50.3% and 26.7% respectively, and waste generation by 33.6%.
AltynGold today has also appointed Andrew Terry, a certified UK lawyer specialising in international corporate and individual tax regulation, to the Board of Directors as a non-executive director. Thomas Gallagher will step down as non-executive director.
Aidar Assaubayev, CEO of AltynGold, said:
“ESG issues have always been a key area of focus for AltynGold, along with our financial and operational results. As the global ESG landscape continues to evolve, our new ESG Committee will ensure that we continue to follow best global practice and to meet and exceed investor expectations for our non-financial performance.
I would also like to welcome Andrew Terry and Maryam Buribayeva as our new non-executive directors, and to thank Thomas Gallagher for his contributions to AltynGold’s success during his time on the Board.”
Director biographies
Vladimir Shkolnik
Vladimir Shkolnik is a key expert on alternative energy. He is actively involved in the research and promotion of renewable energy sources in Kazakhstan. He has held several high-profile positions in Kazakhstan’s government including Minister of Energy of Kazakhstan. An academic with a doctorate in physics, Vladimir Shkolnik has written a number of papers and books on topics including energy and natural resources.
Maryam Buribayeva
Maryam Buribayeva is a finance professional with extensive experience and industry expertise gained while working for such companies as North Caspian Operating Company, KazMunayGaz and Mercury Properties. A graduate of KIMEP University in Almaty, Maryam also holds an MSc in International Accounting and Finance from Cass Business School in London.
Andrew Terry
Andrew Terry is an English-qualified solicitor specialising in international corporate and personal taxation issues with a focus on clients from Kazakhstan, Russia, Ukraine, Georgia and Kyrgyzstan. He has extensive experience in setting up international holdings ahead of IPOs, debt finance transactions, private equity investments and trade sales. Andrew Terry currently practices as a tax partner at Keystone Law in London and is a member of the advisory board at Amber Lion Partners in Zurich.
Further Information:
For further information please contact:
AltynGold PlcRajinder Basra+44 (0) 203 432 3198
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the main market segment of the London Stock Exchange.
To read more about AltynGold Plc please visit our website www.altyngold.uk
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Altyngold (ALTN)