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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of October 28, 2015 No. 856

About price fixation of the transaction on realization of chrome ore by joint-stock company "Kazchrome multi-national company

According to the subitem 3) "About transfer pricing" the Government of the Republic of Kazakhstan DECIDES: parts one of Item 10 of article 10 of the Law of the Republic of Kazakhstan of July 5, 2008

1. Establish the price of chrome ore according to the transaction between Kazchrome Multi-national Company joint-stock company and Chelyabinsk Electric Steelworks open joint stock company in the amount of 90 (ninety) US dollars for one dry metric ton of class of fineness from zero to ten millimeters with basic content of oxide of chrome thirty two percent on the terms of FCA the railway station Don, Republic of Kazakhstan, on total amount no more than 2500000 (two million five hundred thousand) metric tons for a period of five years from the date of the conclusion of the agreement.

2. In case of chrome oxide content variation in the delivered chrome ore from basic the price of chrome ore for one dry metric ton specified in Item 1 of this resolution respectively increases/decreases in proportion from calculation of 2,8125 (two whole and eight thousand hundred twenty five ten-thousand) US dollars for one percent of increase/reduction of content of oxide of chrome from basic.

3. To impose control of execution of this resolution on the Ministry for Investments and Development of the Republic of Kazakhstan.

4. This resolution becomes effective from the date of its signing.

Prime Minister of the Republic of Kazakhstan

K. Masimov

 

 

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