KAZ Minerals has started to receive the refund of VAT paid during the construction of the Bozshakol and Aktogay projects.
The group said that following the completion of audit and other administrative procedures, it had received $166 million in VAT refunds to date this year.
The recoverable VAT paid during the construction of the two projects was included within non-current receivables as at 31 December 2016.
At 8:03am: (LON:KAZ) Kaz Minerals PLC share price was +3.5p at 521p
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