Business
Altyn transparency disclosure 2016
Altyn transparency disclosure 2016.
About this update from Altyngold Plc
[{"type":"text","content":"\n \nRNS Number : 5918W Altyn PLC 15 November 2017 \n\nAltyn Plc\n(\"Altyn\" or the \"Company\")\n \nAltyn transparency disclosure 2016\n \nThe 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.\nAltyn'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:\n \n\n\n\n\nLicence / company\n\n\nRoyalties\n\n\nIncome taxes\n\n\nBonus\n\n\nLicence fees\n\n\nInfrastructure improvements\n\n\nTotal\n\n\n\n\nAltyn plc\n\n\n0\n\n\n0\n\n\n0\n\n\n0\n\n\n0\n\n\n0\n\n\n\n\nDTOO GRP Baurgold \n\n\n608,000\n\n\n114,000\n\n\n0\n\n\n175,000\n\n\n0\n\n\n897,000\n\n\n\n\nTOO GMK Altyn MM\n\n\n92,000\n\n\n0\n\n\n127,000\n\n\n0\n\n\n0\n\n\n219,000\n\n\n\n\nTotal\n\n\n700,000\n\n\n114,000\n\n\n127,000\n\n\n175,000\n\n\n0\n\n\n1,116,000\n\n\n\n\n \nAll 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.\n \nFurther Information:\nFor further information please contact:\nAltyn Plc\nRajinder Basra \n+44 (0) 207 932 2456\nInformation on the Company \nAltyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.\nTo read more about Altyn Plc please visit our website www.altyn.uk\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFFEFFIFWSEIF\n ","length":5450,"tagName":"div"}]