24.11.2023

Since the start of its operation at Jeruy site in Talas region, Alliance Altyn has contributed more than KGS 1.17 billion to three local development funds, the company’s press service reported.

2 % of the company’s proceeds go to the development and maintenance of local infrastructure. The company directed KGS 508.6 million to Talas region, KGS 305.1 million to Talas District, and KGS 203.4 million to Bekmoldo village administration.

These local funds were established by the republican government. Alliance Altyn is not involved in fund managing. The contributions to the company’s Alliance Altyn Development Fund amount to KGS 1.5 billion to date.

In addition, from 2015 through November 2023, Alliance Altyn paid KGS 14.2 billion to the Kyrgyz budget in the form of taxes (including KGS 9.8 billion tax on proceeds from gold sale). Tax payments in January-November 2023 amount to KGS 4.7 billion.

Alliance Altyn LLC has 859 employees, including 836 Kyrgyz citizens and 23 foreigners, 518 of them are local residents. The company has trained 361 people in mining; 224 of them were employed on the basis of the selection process.