/KASE, September 22, 2020/ – AK Altynalmas (Almaty), whose ordinary shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided the following
press release dated September 22, 2020 to KASE:
VTB Group has extended credit facility line to JSC AK Altynalmas Group of companies
for the amount of up to Euro 640,000,000 thus, totaling the overall credit facility
line to Euro 1,100,000,000.
The funding was provided to Altynalmas Group to support advancement of its
business through new projects and expansion of its asset base. The proceeds will
be directed to consolidation of MMC KAZAKHALTYN JSC’s assets with those of JSC
AK Altynalmas, Mizek Project with a throughput capacity of 5 million tons per
annum, raising the annual gold production level above Oz500,000 from 2021,
optimization of the company’s debt portfolio, as well as to a series of capital
expenditure programs, and expansion of production capacity and resource base.
Full version of the press release in Kazakh and Russian is available at –