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 4, 2014

​Regular board meeting of «Tau-Ken Samruk» JSC took place on November 4, 2014. 24 questions were considered in the agenda of the Board meeting.

Among them, the Board meeting of «Tau-Ken Samruk» JSC made decision concerning the following questions:

1. On the quantity of the management Board of «Tau-Ken Samruk» JSC

2. On approval of the Development plan of «Tau-Ken Samruk» JSC on 2015 - 2019

3. On electing the candidate to take a position of the member of the Board of Directors of «Maykainzoloto» JSC

4. On completion of the Annex #5 to the Agreement on the mutual realization of the project «Exploration and mining of the gold, copper on the Eshkeolmes deposit in Akmola region as of July 11, 2012.

5. On making changes to the membership of the Board of Directors Committee of «Tau-Ken Samruk» JSC.

6. On consideration of the new edition of statute of «Tau-Ken Samruk» JSC

7. On formation of the executive body of Tau-Ken Temir» LLP.

The following documents were approved, such as risks Register and risks Map of «Tau-Ken Samruk» JSC on 2015, Announcement of risk-appetite and defining the tolerance level to critical risks of «Tau-Ken Samruk» JSC on 2015, Action plan on the management of critical (key) risks of «Tau-Ken Samruk» JSC on 2015, and Additional limits on a balance and off-balance obligations on the partner-banks of «Tau-Ken Samruk» JSC.

Regarding the activities relating to competencies of the general meeting of the shareholders (copartners) of juridical person of which ten and more percent of shares belong to «Tau-Ken Samruk» JSC, the Board of Directors of «Tau-Ken Samruk» JSC made the following decision:

1. Defining the position of «Tau-Ken Samruk» JSC, as a copartner of «Masakal MPC» LLP, on the activity relating to the competencies of the general meeting of copartners of «Masakal MPC» LLP.

2. Defining the position of «Tau-Ken Samruk» JSC, as a copartner of «JV Tau Gold Copper» LLP, on the activity relating to the competencies of the general meeting of copartners of «JV Tau Gold Copper» LLP.

3. Defining the position of «Tau-Ken Samruk» JSC at the additional general meeting of copartners of «Kazzinc Holdings» LLP regarding the question “On making changes to the Statute of «Kazzinc Holdings» LLP.

Besides, the Board of Directors of «Tau-Ken Samruk» JSC considered the following questions:

1. On making changes to the Statute of «TKS- Zhaksylyk» LLP regarding the increase of the equity capital

2. On making changes to the Statute of «Tau-KenMining» LLP

3. On making changes to the List of objects of subsurface use offered by «Tau-Ken Samruk» JSC for a mutual realization.

4. On electing the General director of «JV Tau-Ken Project» LLP

By the decision of the Board of Directors of «Tau-Ken Samruk» JSC, the approval has been obtained for the project “Implementation of the technology of vacuum distillation of silver at the silver refinery plant in Astana”. Also, candidates has been considered for taking the position of the Senior auditor and auditor of the Internal audit service of «Tau-Ken Samruk» JSC.