Formed in 2017, Astana International Exchange (AIX) hosted an online event to facilitate exchange of information and views between international investors and mining companies. Main topic of the event was the current opportunities in Kazakhstan’s mining industry and the investment opportunities available despite the current economic environment.
The discussion on the prospects of the mining industry was a part of the AIX Capital Markets Forum’s ‘Finding a new reality amid economic uncertainty’ program. over 25 representatives of European, US and Chinese investment funds focusing on the mining industry was attended the event.
Informing about the country’s mineral reserves and resources, Chief Legal Officer of AIX Arman Tastanbekov said: “Kazakhstan is among the global leaders in mineral resources and reserves, but often medium and small mining companies face challenges when securing investments for their exploration or development projects. AIX, powered by its new segment simplifying access to finance for mining companies, is well positioned to partially replicate the success of Toronto and Sydney by becoming a regional financial hub for metals & mining.”
Emphasizing much has been done to attract investment in the country’s mining industry, Chairman of the Board of Tau-Ken Samruk JSC, Kanat Kudaibergen highlighted enacting of the subsoil code to provide a simple way to obtain subsoil use licence. Noting that number of licences increased sharply, Kudaibergen stated that as Tau-Ken Samruk, they launched an program to support junior companies. Kudaibergen shared its trust to taken measures will give a multiplier effect to developing the country’s mining industry.
