Aliuminii Kazakhstana OJSC (Kazakhstan) pays dividends for year 2000 at 16.19% of each share face value

/KASE, Oct 4, 01/ - Aliuminii Kazakhstana (Pavlodar) provided the KASE with a copy of the minutes of annual general shareholders meeting which was held on July 23, 2001. Based on approved agenda the shareholders of Kazakhtelecom approved the report of the Board on the company's results in 2000, and approved financial statements for the year 2000 and report of Supervision commission, as well as made following decisions: - accrue and pay dividends to common and preferred shares of the company at 16.19% of the face value of a share; set November 21, 2001 as the beginning date of the dividend payments; - make changes and amendments to the charter of the company regarding the executive body (replacement of collegial body - the Board, to a single body - President), goals and activities of the company and licensed activities; - assign Deloitte & Touche (Almaty, Kazakhstan) as the company's international auditor, and Global audit LLP (Almaty, Kazakhstan) as local auditor; - add Kalyuga V.G. instead of Marinenko T.I. into the Supervision commission; - approve the suggestion on joining of Aliuminii Kazakhstana OJSC into Eurasian industrial association; - take part in construction of representative offices in Astana and Almaty. General director, Ibragimov A.T., made a speech on behalf of the Board of the company on the company's results in year 2000 and development perspectives. It was said that in 2000 the company produced 1.2m tons of alumna (104.9% to 1999), extracted 3.7m tons of bauxite (104.3% to 1999), extracted 1.8m tons of limestone (106.5% to 1999), mining works volume reached 35.1m cu meters (129.5% to 1999), generated 1.9 bn kWh electricity (96.8% to 1999), generated 5.7m Gcal heat (102.5% to 1999). Sales income equaled KZT26.7 bn. Commodity output increased by 46.7% to 1999. Investments into fixed assets were made using the company's own funds reaching KZT4.1 bn, which is by KZT2.5 bn more than in 1999. Increase in investments was due to the expansion of alumna production and expansion of ore base. Environmental protection measures consumed KZT363.9m. The number of employees increased by 653 people in 2000, average wage increased by 16.1% to 1999, at KZT26,702. In 2000 a total of KZT3.9 bn was paid to the budget in taxes and other payments and net income reached KZT3.3 bn. Based on the report of the Board, in 2000 a complex development program of Aliuminii Kazakhstana OJSC for the years up to 2005 was approved which will cost $68m. The implementation of this program will increase production of alumna to 1.5m tons a year. New 45 objects will be put into service, with the most of them being under construction already. Electrolysis plant will be built, and contract was signed to develop a business plan and fulfill the working project, and infrastructure is being constructed (automobile roads, power stations, small town, and etc). Common (KZ1C02901519, trade code - ALKZ) and preferred (KZ1C02901514, trade code - ALKZp) shares of Aliuminii Kazakhstana OJSC were admitted into official list of KASE securities under category "B" (from Oct 16, 97 through July 14, 98 they were under additional list). Primary activities of the company: production and sale of aluminum, alumna and fluorides; extraction and concentration of aluminum containing raw material; generation of heat and electricity.