We contribute to the development of certain sectors of the mining and metallurgical industry of the Republic of Kazakhstan by implementing projects jointly with strategic investors

On November 25, 2015

On November 25, 2015 the regular meeting in presentia of the Board of Directors of JSC «Tau-Ken Samruk» has been held, within the framework of the meeting 21 issues have been reviewed at the agenda.

In particular, the Board of Directors of JSC «Tau-Ken Samruk»decided to approve the following issues:

1. Development Plan of JSC «Tau-Ken Samruk» for 2016-2020.

2. Program for Quality Assurance and Improvement of Internal Audit Service of JSC «Tau-Ken Samruk».

3. Risk Register and Risk Maps of JSC «Tau-Ken Samruk» for 2016.

4. Rules of Risk Management of JSC «Tau-Ken Samruk» National Mining Company» (Corporate Standard) in a new edition.

5. Rules of evaluation and management of investment risk of JSC «Tau-Ken Samruk» National Mining Company».

On activities within the competence of the general meeting of shareholders (participants) of the legal entity, ten or more percent of shares (shares in the authorized capital), which belongs to JSC «Tau-Ken Samruk», the Board of Directors of JSC «Tau-Ken Samruk» has decided the approval of the position of JSC «Tau-Ken Samruk» as a member of LLP «Masalsky GOK» on activities within the competence of the general meeting of LLP «Masalsky GOK».

In addition, the Board of Directors of JSC «Tau-Ken Samruk» also includes the following topics:

1. Report of Development Plan of JSC «Tau-Ken Samruk» for 2015-2019, for 9 months of 2015.

2. Amendments to the Charter of JSC «Tau-Ken Samruk».

3. Amendments to the Charter of LLP «Tau Ketmen».

4. Amendments to the Charter of LLP «Tau-Ken Mining».

5. Report on the activities of the Corporate Secretary of JSC «Tau-Ken Samruk» for the 3rd quarter of 2015.

6. Information about the expectations of the Sole Shareholder of JSC «Tau-Ken Samruk» for 2015.

7. Report on the implementation of the Action Plan for the improvement of the internal control system of JSC «Tau-Ken Samruk» for 2015-2017, for the 3rd quarter of 2015.

8. Report on the implementation of the Action Plan to improve corporate risk management system of JSC «Tau-Ken Samruk» for 2015-2017, for the 3rd quarter of 2015.

9. Report on risks for the 3rd quarter of 2015.

Within the framework of the considered issues by the Board of Directors of JSC «Tau-Ken Samruk»,CEO of the Management Board of LLP «Tau-Ken Temir» has been re-elected; there amended the the size of the sub-limits for counterparty banks, charter capital of LLP «JV «Alaigyr», previously reviewed the audit organization to audit the consolidated and separate financial statements of JSC «Tau-Ken Samruk» for 2016, 2017, 2018 and the amount of remuneration for the services.