ALTYN PLC: Social responsibility update
15 June 2020 - 4:00PM
UK Regulatory
TIDMALTN
Altyn Plc
("Altyn" or the "Company")
Social responsibility update
One of Altyn's most important functions is social responsibility
and employee welfare including providing job stability to the local
community. The Company today employs over 80% of the population of
Glubokov district in East Kazakhstan region where Sekisovka and
Teren-Sai deposits are located.
At present none of the employees has tested positive for
COVID-19, due to the precautions and protective measures taken
during the quarantine period. The Company is also pleased to report
that here have been no reported incidents/occurences of accidents
in the current year maintaining the Company's good safety
record.
The Company has been providing substantial support for the
social-economic development of the Sekisovskoye district as part of
its commitments under the subsoil use contracts. Each year, the
Company has been providing financial assistance to pensioners,
children-communities, schools, and vulnerable social groups of the
East Kazakhstan region, as well as assisting in the regeneration of
the Sekisovka village and the creation of green spaces.
Altyn is planning to expand further the employment of local
qualified personnel following the approval from the Ministry of
Industry and Development of the Company's new work program which
will run until 2030.
Tax payments to the local budget and other mandatory payments
exceeded KZT 1bn (USD2.5m) over the past year and KZT 500m
(USD1.25m) so far in 2020, in addition to other payments on social
insurance, medical and pension contributions for the employees of
its affiliated companies.
Altyn remains committed to growing its business while actively
participating in the social-economic development of the
district.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455
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
Altyn 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 Altyn Plc please visit our website
www.altyn.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200614005021/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2020
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