PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today publishes its Report on payments to governments in 2019 ("the Report").
The Report is prepared in accordance with the requirements of the Disclosure and Transparency Rules Instrument 2014 «Report on payments to governments», issued by the Financial Conduct Authority (FCA's Instrument).
The Report provides citizens, authorities and independent users with the information on payments made to governments where MMK conducts its extractive activities.
Since the Group performed extractive activity in Russia only, the Report discloses payments to governments made by Russian companies only.
The amounts relating to mining operations only are disclosed as the payments. For the purposes of this Report mining exploration means the process of exploration, development of mineral deposits and mining operations.
The Report is published on the official MMK website.
The Report have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.