Altyn Plc Underground machinery delivery
11 July 2019 - 4:00PM
UK Regulatory
TIDMALTN
11 July 2019
Altyn Plc("Altyn" or the "Company")
Underground machinery delivery
In March 2019, the company's major shareholder, African
Resources Limited committed to providing 400m KZT (USD 1.1m)
unsecured loan towards the acquisition of underground equipment
with the intention to further boost the production.
As a result, the company purchased the following new
machinery:
- CAT R1300G loading and hauling machine with a bucket capacity
of 3.1 m3 from CAT Kazakhstan;
- TN-430 underground dump truck with a lifting capacity of 30
ton from Sandvik Kazakhstan.
The equipment complements the existing fleet of underground
equipment which in summary is:
- Two TN-430 dump trucks and one Sandvik TN-320 dump truck;
- Two CAT R1300G loading and haulage machines.
The new equipment will be under warranty and serviced by the
official dealers of CAT and Sandvic during the entire period of
operation.
The additional equipment will allow the Company to increase
production to its planned targets.
Further Information:
For further information please contact:
Altyn PlcRajinder Basra+44 (0) 207 932 2456
VSA Capital LimitedAndrew Monk/Andrew Raca +44 (0) 20 3005
5000
The information contained within this announcement is deemed by
the Company to constitute insider information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is a gold-mining exploration and
development company, which is listed on the main board, standard
segment of the London Stock Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190710005888/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
July 11, 2019 02:00 ET (06:00 GMT)
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