AIX introduced the prospects of Kazakhstani mining industry to international investors

Astana International Exchange (“AIX”, “Exchange”) hosted this online event to facilitate exchange of information and views between international investors and mining companies about the current opportunities in Kazakhstan’s mining industry and the options for investment available despite the current economic environment. The discussion on the prospects of the mining industry was a part of the AIX Capital Markets Forum ‘Finding a new reality amid economic uncertainty’ and was attended by over 25 representatives of European, US and Chinese investment funds focusing on the mining industry.

Arman Tastanbekov, Chief Legal Officer of AIX commented:

“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.”  

Kanat Kudaibergen, Chairman of the Board of Tau-Ken Samruk JSC, commented:

“To date, much has been done to attract investment in the country’s mining industry. The subsoil Code providing a simple way to obtain a subsoil use license has been enacted. The number of licenses issued has increased sharply, reflecting a keen interest from investors. Tau-Ken Samruk, in turn, launched a program of support for junior companies for the joint implementation of exploration projects in Kazakhstan. I am sure that all the measures announced will give a multiplier effect and give an impetus to the development of the industry.”

Kaisar Kozhamuratov, Partner, Aurora Minerals Group said:

“Currently there are not so many financial instruments to develop junior mining in its full extent in Kazakhstan. Our exploration support programme is aimed at developing junior mining and ensuring the quality growth of this sector of the economy. Investors, large multinational and foreign companies, junior mining companies can create around themselves a real exploration market and lead the whole industry.”

AIX’s Capital Markets Forum was a part of Online AFD 2020: Markets in a Disrupted World, organized by Astana International Financial Center.

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz

AIFC. Astana International Financial Center (AIFC) was established on the initiative of Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. The constitutional law establishing AIFC was signed on December 7, 2015. The aim of AIFC is to form a leading center of international financial services. The objectives of AIFC are to assist in attracting investments into the country’s economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets. www.aifc.kz