The first meeting of «Mining Club» was held in Almaty where the representatives of junior, service and large mining companies, ministry of industry and infrastructure development, financial institutions, lawyers and industry experts were invited. The event is aimed to support the junior company to reach its potential in exploration, improve competitiveness and, ultimately, attract the investment.

Speakers in their speeches noted that Subsoil Code effective since 2018 brought new opportunities for attracting investment in the industry. However, not all financing mechanisms available for exploration projects are utilized completely.

The junior companies could get specific recommendations at the meeting on how and where to seek for financing, what legal and organizational aspects to be stressed especially during projects implementation. In particular, the Chairman of the Board of Tau-Ken Samruk National Company, Kanat Kudaybergen, told how to take part in the new junior support program, Haller Lomax Partner Timur Odilov shared the legal details of the licensing process for SCM exploration and production and Managing Director, Member of KASE Board Kairat Turmagambetov spoke how to get additional funds using financial opportunities and exchange tools, noting the importance of cornerstone investor involvement for the small companies.

The event organizers – law firm Haller Lomax, exploration company Aurora Minerals Group and National Mining Company Tau-Ken Samruk and Lincoln Company plan to arrange such meetings on regular basis.