Altyn clears important hurdle in extending Sekisovskoye to 2030

Altyn said on Monday that it has achieved an “important milestone” in the extension of its mining contract at Sekisovskoye to 2030.

The London-listed firm said the State Ecological Expertise Agency of the Eastern Kazakhstan region has approved the plan for mining operations and the environmental impact assessment on the Sekisovskoye deposit.

It said that specifically, the new permissions regarding environmental emissions and environmental protection measures were granted to Altyn’s subsidiary Baurgold for the period between 2020 and 2029.

“Following this approval, Altyn anticipates a successful review over the coming months of addendum eight of subsoil contract 555 for the Sekisovskoye deposit, with the Ministry of Investment and Infrastructural Development of Kazakhstan, for the extension of its contract until 2030,” the board said in its statement.

“The company will update shareholders upon the finalisation of the renewal.”

At 0859 BST, shares in Altyn were down 2.29% at 1.15p.