Share Name Share Symbol Market Type Share ISIN Share Description
Altyn Plc LSE:ALTN London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.005p +0.88% 0.575p 0.50p 0.65p 0.60p 0.60p 0.60p 7,964,635 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 15.2 -3.1 -0.1 - 13

Altyn Plc Underground machinery delivery

11/07/2019 7:00am

UK Regulatory (RNS & others)


Altyn (LSE:ALTN)
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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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