Resolutions of 2023

On February 03, 2023, the in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, during which the following issues were considered:

  1. On approval of joint implementation of the exploration project with D MINERAL VE MADENCILIK A.Ş. (LFP).
  2. On the composition of the Board of Directors of ShalkiyaZinc LTD JSC.
  3. Consideration of the Summary report on monitoring the implementation of investment projects of JSC NMC Tau-Ken Samruk for M12 2022.
  4. Review of the Performance Report and Performance Evaluation Report of the Internal Audit Services of JSC NMC Tau-Ken Samruk and its Head for Q4 2022.
  5. On approval of amendments to the Rules for Credit Risk Management of JSC NMC Tau-Ken Samruk.

 

On February 24, 2023, the in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, during which the following issues were considered:

  1. Adjustment of the Investment Memorandum on evaluation of metals at the promising Berkara deposit and the Samombet ore field in the Karaganda region to approve the allocation of financing for 2023 for geological exploration and transfer to the authorized capital of LLP JV “Alaigyr” licenses for exploration of solid minerals for the Berkara and Samombet deposits.
  2. On the re-phased launch of the metallurgical silicon production plant in the Karaganda region of Tau-Ken Temir LLP, which provides for the launch of RTP-2 in Q4 2023 and RTP-1 in 2027, and the resumption of work of Silicon Mining LLP in 2023.
  3. On consideration of the report on implementation of the Action Plan for Improving Corporate Governance for 2022.
  4. On consideration of the Report on implementation of the Action Plan of JSC NMC Tau-Ken Samruk for introduction of sustainable development for 2022.
  5. Review of the Report on Transparency and Efficiency of Information Disclosure processes of JSC NMC Tau-Ken Samruk for H2 2022
  6. Review of the Performance Report and the Report on Performance Evaluation of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Head for 2022.
  7. On consideration of the Risk Report of JSC NMC Tau-Ken Samruk for Q4 2022.
  8. On approval of the report on implementation of the HR Policy of JSC NMC Tau-Ken Samruk for 2022.
  9. Consideration of the report of the Corporate Secretary of JSC NMC Tau-Ken Samruk and performance evaluation following Q4 2022.
  10. On consideration of the Report on the results of the performance evaluation of the Board of Directors and its Committees, the Chairman and Members of the Board of Directors, Corporate Secretary of JSC NMC Tau-Ken Samruk.

 

On March 15, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of the organizational structure of JSC NMC Tau-Ken Samruk in the new edition.
  2. On some issues of the Management Board of JSC NMC Tau-Ken Samruk.

On March 30, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. Preliminary approval of the annual financial statements of JSC NMC Tau-Ken Samruk for 2022 and its submission for consideration and approval of the Sole Shareholder.
  2. Review of the Report on the execution of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2022-2026 following M12 2022.
  3. On consideration of a candidate for the vacant position of the Head of the Internal Audit Service of JSC NMC Tau-Ken Samruk.
  4. On the appointment of Derbisaliyev Mukhammedali Abdsattaruly as the Director of Akmolit LLP, Topaz-NS LLP, Markhit LLP.
  5. Review of the performance and remuneration report of the Compliance Officer of JSC NMC Tau-Ken Samruk for Q4 2022.
  6. On amendments and additions to the Anti-Corruption Policy in JSC NMC Tau-Ken Samruk and its subsidiaries.
  7. On amendments and additions to the Instructions on Compliance Verification of Counterparties in JSC NMC Tau-Ken Samruk.
  8. Consideration of the annual Report of the Board of Directors of JSC NMC Tau-Ken Samruk for 2022.
  9. On approval of the termination of the powers of the General Director of Masalsky Mining and Processing Plant LLP Fesak Yelena Aleksandrovna with the receipt of the final position on the Board of Directors of JSC NMC Tau-Ken Samruk.
  10. On termination of powers of a member of the Management Board – Chief Project Management Officer of JSC NMC Tau-Ken Samruk.
  11. On election of members of the Management Board of JSC NMC Tau-Ken Samruk.
  12. On approval of candidates to the Board of Directors of Kazzinc Holdings LLP.

On April 21, 2023, an absentee meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of job descriptions, job ratings (grades) of the Chief Executive Officer and members of the Management Board of JSC NMC Tau-Ken.

On May 02, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On determining the quantitative composition and term of office of the Management Board of JSC NMC Tau-Ken.
  2. On approval of the salary scheme of the Chief Executive Officer and members of the Management Board of JSC NMC Tau-Ken.
  3. On the early termination of the powers of the Senior Auditor of JSC NMC Tau-Ken Samruk Kabylbekova Assel Mukarramovna.
  4. On approval of the Rules of Remuneration and Bonuses for Executives and Employees Accountable to the Board of Directors of JSC NMC Tau-Ken Samruk in a new edition.
  5. Review of the Summary Report on monitoring the implementation of investment projects of JSC NMC Tau-Ken Samruk for Q1 2023.
  6. Review of the Performance Report and the Performance Evaluation Report of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Head for Q1 2023.
  7. On redistribution of the budget within the approved limit (within the class) for consulting services between the items of consulting services.
  8. On consideration of the report on implementation of the Action Plan for Improving Corporate Governance of JSC NGC Tau-Ken Samruk for Q1 2023
  9. On consideration of the composition of the Supervisory Boards/ Board of Directors of subsidiaries and affiliates of JSC NMC Tau-Ken Samruk and approval of candidates to the Board of Directors of Altyntay Kokshetau JSC.
  10. On inclusion of an expert without the right to vote in the composition of the Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.
  11. On election of members of the Management Board of JSC NMC Tau-Ken Samruk.

On May 31, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. Review of the Report on the execution of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2022-2026 following M3 2023.
  2. Amendments to the Annual Audit Plan of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2023.
  3. Performance evaluation of the members of the Management Board of JSC NMC Tau-Ken Samruk for 2022 based on implementation of key performance indicators.
  4. On putting to loss the Policy for Fraud and Embezzlement Risk Management of JSC NMC Tau-Ken Samruk.
  5. On approval of the Rules for Performance Evaluation of Employees Accountable to the Board of Directors of JSC NMC Tau-Ken Samruk.
  6. On approval of the salary scheme of employees accountable to the Board of Directors of JSC NMC Tau-Ken Samruk.
  7. On approval of the report on implementation of the HR Policy of JSC NMC Tau-Ken Samruk for 2022.
  8. On approval of the Regulations on the Compliance Officer of JSC NMC Tau-Ken Samruk in a new edition.
  9. Review of the performance report and remuneration of the Compliance Officer of JSC NMC Tau-Ken Samruk for Q1 2023.
  10. On consideration of the Professional Development Plan for the members of the Board of Directors of JSC NMC Tau-Ken Samruk for 2023.
  11. Consideration of the report of the Corporate Secretary of JSC NMC Tau-Ken Samruk and perfromance evaluation based on the results of Q1 2023.
  12. On election of the Chief Economics and Finance Officer – a member of the Management Board of JSC NMC Tau-Ken Samruk.
  13. On personnel issues of the Internal Audit Service.

On June 30, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of the organizational structure of JSC NMC Tau-Ken Samruk in a new edition.
  2. On determining the term of office of the Management Board of JSC NMC Tau-Ken Samruk.
  3. On approval of job descriptions, job ratings (grades) of the Chief Executive Officer and members of the Management Board of JSC NMC Tau-Ken Samruk.
  4. On approval of the salary scheme of the Chief Executive Officer and members of the Management Board of JSC NMC Tau-Ken Samruk.
  5. On election of members of the Management Board of JSC NMC Tau-Ken Samruk.
  6. On consideration of the Annual Report of JSC NMC Tau-Ken Samruk for 2022.
  7. On consideration of the Roadmap of measures on obtaining the ESG rating of JSC NMC Tau-Ken Samruk in 2025.
  8. On approval of the Risk Report of JSC NMC Tau-Ken Samruk for Q1 2023.
  9. On approval of the candidate to the Board of Directors of Kazzinc Holdings LLP and Altyntay Kokshetau JSC.
  10. On appointment of a person authorized as the second Director of joint ventures representing the interests of the private company Discovery Ventures Kazakhstan Ltd.

On July 28, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. Review of the Summary Report on monitoring the implementation of investment projects of JSC NMC Tau-Ken Samruk for M6 2023.
  2. Review of the Performance Report and the Performance Evaluation Report of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Head for Q2 2023.
  3. Review of the Performance and Remuneration Report of the Compliance Officer of JSC NMC Tau-Ken Samruk for Q2 2023.
  4. Review of the Report on Transparency and Efficiency of Information Disclosure processes of JSC NMC Tau-Ken Samruk for H1 2023.
  5. On consideration of the composition of the Supervisory Boards of subsidiaries of JSC NMC Tau-Ken Samruk.
  6. On amendments to the Regulations on the Management of Exploration Projects of JSC NMC Tau-Ken Samruk and its Subsidiaries.
  7. On some issues of the Corporate Secretary of JSC NMC Tau-Ken Samruk.
  8. On amendments to the composition of the Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.

On August 25, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of motivational key performance indicators for members of the Management Board of JSC NMC Tau-Ken Samruk and their target values for 2023 in a new edition.
  2. On consideration of the report on implementation of the Action Plan for improving corporate governance for Q2 2023.
  3. On approval of the Report on implementation of the Action Plan of JSC NMC Tau-Ken Samruk for implementation of sustainable development for H1 2023.
  4. On approval of the appointment of the General Director of South Ural Resources LLP in order to make a decision and determine the position of JSC NMC Tau-Ken Samruk as a participant of South Ural Resources LLP on issues related to the competence of the General Meeting of Participants of South Ural Resources LLP
  5. On determining the position of JSC NMC Tau-Ken Samruk as a participant of TKS Geology LLP on the issue of liquidation of TKS Geology LLP.
  6. On approval of Internal Limits of JSC NMC Tau-Ken Samruk on balance sheet and off-balance sheet obligations on counterparty banks for 2023.
  7. On approval of the Risk Report of JSC NMC Tau-Ken Samruk for Q2 2023.
  8. Review of the Report on implementation of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2023-2027 for M6 2023.

On October 11, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of the list and methodology for calculating strategic key performance indicators of JSC NMC Tau-Ken Samruk for 2024-2028.
  2. On determining the quantitative composition of the Board of Directors of JSC NMC Kazgeologiya.
  3. Consideration of the Performance Report and the Report on the performance evaluation of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Head for Q3 2023.
  4. On amendments to the Annual Audit Plan of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2023.
  5. Review of the report on the performance and remuneration of the Compliance Officer of JSC NMC Tau-Ken Samruk for Q3 2023.
  6. On approval of additional internal limits of JSC NMC Tau-Ken Samruk on balance sheet and off-balance sheet obligations on counterparty banks for 2023.
  7. On approval of the Succession Plan for key positions at the CEO, CEO-1 level of JSC NMC Tau-Ken Samruk for 2023-2024
  8. On consideration of amendments to the Regulations on the Board of Directors of JSC NMC Tau-Ken Samruk.
  9. On consideration of the succession plan of the members of the Board of Directors of JSC NMC Tau-Ken Samruk
  10. Review of the report of the Corporate Secretary of JSC NMC Tau-Ken Samruk and performance evaluation based on the results of Q3 2023.

On October 24, 2023, an absentee meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On consideration of the report on implementation of the Action Plan for Improving Corporate Governance for Q3 2023.
  2. On approval of the Action Plan for Performance Evaluation of the Board of Directors and its Committees, the Chairman, members of the Board of Directors and the Corporate Secretary of JSC NMC Tau-Ken Samruk for 2023.
  3. On approval of the Procedure for conducting an analysis of the anti-corruption management system by the management.

On November 30, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2024-2028.
  2. Review of the Report on the execution of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2023-2027 following M9 2023.
  3. On approval of the signing of the Binding Terms Sheet between JSC NMC Tau-Ken Samruk and Cove Capital LLC.
  4. On approval of issues related to the creation of a legal entity in an organizational and legal form (Ltd) in the jurisdiction of the AIFC and the transfer of a 25% share of the subsoil use right to Kazgeology JSC.
  5. On consideration of a project on searching for copper and associated components in the promising Ordabasy area in the Karaganda region, providing for the use of own funds of JSC NMC Tau-Ken Samruk.
  6. On consideration of a project on searching for copper and associated components at the promising Terisakkan site in the Ulytau region, providing for the use of own funds of JSC NMC Tau-Ken Samruk.
  7. On amendments and additions to the Regulations on the Management of Exploration Projects of JSC NMC Tau-Ken Samruk and its subsidiaries.
  8. On some issues of the executive body of Joint Stock Company “Kazgeology”.
  9. On approval of the Risk Report of JSC NMC Tau-Ken Samruk for Q3 2023.
  10. Consideration of the Summary Report on monitoring the implementation of investment projects of JSC NMC Tau-Ken Samruk for M9 2023.
  11. On approval of the list of non-strategic assets of JSC NMC Tau-Ken Samruk, subject to withdrawal from the structure of the Samruk-Kazyna JSC Group of Companies by 2032.

On December 15, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issue:

  1. On approval of the alienation of 100% of the shares of Kazgeology JSC in the authorized capital of Besshoky Ltd in favor of Ulmus Besshoky JSC.

On December 29, 2023, an in-presence meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held, which considered the following issues:

  1. On approval of the Development Strategy of Joint-stock Company “National Mining Company “Tau-Ken Samruk” for 2024-2033.
  2. On approval of motivational key performance indicators for members of the Management Board of JSC NMC Tau-Ken Samruk and their target values for 2024.
  3. On consideration of the composition of the Supervisory Boards/the Board of Directors of subsidiaries of JSC NMC Tau-Ken Samruk.
  4. On consideration of the action plan for the sale of the drilling division of Kazgeology JSC.
  5. On approval of the consolidated Register and Risk Map of JSC NMC Tau-Ken Samruk for 2024.
  6. Consideration of the Annual Audit Plan of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2024.
  7. Review of the key performance indicators of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Head for 2024.