OREANDA-NEWS. On October 12, 2007 by decision of Stock exchange' council of Kazakhstan stock exchange (KASE) since October 12, 2007 KZ2CKY05B133 (KZALb1) bonds of Mining and smelting concern Kazakhaltyn JSC (Akmolinskaya regoin) have been excluded from KASE's official "A" listing category, reported the press-centre of KASE.

The mentioned decision was taken due to systematic (more than five times) company's failure to execute requirements:

- subparagraph 1) of paragraph 12 of enactment of Board of Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations (ASF) "Of requirements to the issuers and their securities, are being admitted (admitted) to circulation on stock exchange, and also to separate categories of stock exchange's list" dated March 15, 2004 #63 and subparagraphs 1) of paragraph 18 of the same enactment of ASF dated March 30, 2007 #73, in accordance to which the initiator of admittance that is the company itself has to provide the stock exchange with annual and quarter reports about activities of the listing company;

- paragraph 1 of Additions 2 to the Listing Rules, according to which, for securities, in order to be included in the official KASE listing under "A" category and to be kept in the is category, the issuer of the given securities has to pass annual audit by one of the auditing organizations that meet requirements set by the law of the Republic of Kazakhstan "Of auditing activities", and that meet qualification requirements, set for auditing organizations to conduct the mandatory audit of financial organizations and set be the order of Minister of finance of the Republic of Kazakhstan dated November 3 of 2006, # 434. According to paragraph 1 of Additions 2 to the Listing Rules, the terms of submission of audited reports to annual financial statements to listing company are  stipulated by a contract about listing;

- paragraph 1 of Article 25 of the Listing Rules, according to which, the initiator of the admittance has to provide the stock exchange with annual and quarter reports about activities of the listing company that include the financial statements of the given listing company for the  corresponding periods;

- paragraph 4.1 of the contract of listing of corporate emissive securities dated May 26 of 2004 concluded between the company and KASE, according to which the annual report of the company must by provided to the stock exchange prior to May 1 of the year, following to the  reported quarter;

- paragraph 4.2 of the contract, mentioned above, according to which the audited report of the financial statements of the company for 2006 has to be submitted to the stock exchange as it is prepared but not later than July 1 of 2007

and in accordance with subparagraph 8) of paragraph 1 of Article 20 and paragraph 4 of Article 30 of Listing rules.

KZALb1 bonds of Mining and smelting concern Kazakhaltyn have been included in the KASE's official category "A" listing since June 2 of 2004. The Exchange trades with the given securities were opened on June 10 of 2004. Over the period of securities' circulation on KASE in the sales-purchases sector, the yield to maturity for buyers on deals, concluded by open trades methods, varied from 8,21% APR to 12,30% APR. The last deal was made on September 2 of 2007 at the maximal yield.

In 2006, KZALb1 took 95th position in the purchasability rating for corporate securities by volume of concluded deals (0,21% of corresponding turnover) and 65th position in the similar rating of corporate bonds on KASE.

Company's primary activities - exploration and prospecting works, extraction and processing of gold-containing ore, production of gold-containing goods, manufacture, storage and sale of gold and other precious metals, export of gold and other precious metals and precious stones, jewelry production, operations with refined precious metals and precious stones in physical condition, transportation, organization of scientific and development works and development projects.