The delegation, where representatives of business structures and the Ministry of Industry and Infrastructure Development of Kazakhstan were also included, with the support of the diplomatic corps could arrange the “Road Show- Mining in Kazakhstan” in London and Toronto.
During the trip, various meetings were held with CEOs of transnational companies (Freeport-McMoRan Copper & Gold Inc., Anglo American, Kinross Gold) and senior officials of government agencies of the UK and Canada. The negotiations have confirmed the high interest of the world business community in the mining sector of Kazakhstan. This is due both to the domestic legislation liberalization process in the scope of subsoil use, and general loyal state policy towards the investors. At the same time, during the meetings it was noted that, along the positive trends, a complex of issues is still remained that hinder the investment activity in the industry. First of all, this is the lack of a digital database and insufficient availability of geological information.
The Kazakhstan delegation took part in the PDAC 2020 World Conference on Mineral Exploration and Development in Toronto held from March 1 to 4. PDAC is a dialogue platform that traditionally brings specialists, companies and organizations working in the mining sector together. About 1,000 companies and 24,000 visitors from 130 countries take part in the event annually.
The Kazakhstan mining companies spoke in the separate session, where they presented the investment opportunities of the Republic to the potential partners. The Chairman of the Tau-Ken Samruk Management Board, Kanat Kudaybergen, spoke in detail about the features and prospects of the base metals development in Kazakhstan and noted the willingness of the National Company to act as a reliable partner for foreign investors.