Kazakhstan participated at the major international mining event – «PDAC Convention»

Toronto, 22 June 2022 - A delegation from Kazakhstan, including representatives of «Kazgeology», «Kazakh Invest» National company and private sector companies participated in «Prospectors & Developers Association of Canada» (PDAC) Convention, the largest event in the geological and mining industry in the world.

On the sidelines of PDAC-2022, the reception of the Canadа Eurasia Chamber of Commerce «CECC» (ex. «CERBA»), was attended by the companies interested in doing business in our region. In his welcoming remarks, Ambassador of Kazakhstan to Canada Akylbek Kamaldinov noted that trade and investment relations between Kazakhstan and Canada are at a stage of dynamic growth and have reached maximum indicators over the past 9 years. The Kazakh diplomat urged Canadian businesses to use the potential of business cooperation, noting the readiness of the Government of Kazakhstan to provide all necessary assistance.

Within the Convention, a number of agreements were reached between Kazakh and Canadian companies on joint projects. An Agreement on the establishment of a joint venture was signed between the Kazakh company «Aurora Minerals Group» and the world leader in the field of aerogeophysics «Xcalibur Multiphysics». The companies will jointly provide high-resolution aerogeophysical services in Kazakhstan.

The Aurora Minerals Group company installed two Kazakhstan pavilions at the exhibition, which also allowed other Kazakhstani enterprises to present projects in our country. In addition, within PDAC the company will be hosting an online presentation session «Kazakhstan Day» on June 28, 2022.

A notable event was the placement of shares of the Canadian company «Arras Minerals» on the Toronto Stock Exchange «TSX-V» on June 13, 2022. «Arras Minerals» is conducting geological exploration at the Beskauga field in the Pavlodar region. For many years it is the first Kazakhstan project that has been presented on the largest stock exchange of exploration and mining companies.

Participation of the Kazakh delegation in the event showed that the PDAC Convention is the most effective platform for demonstrating to the international community in the field of MMC Kazakhstan's readiness to create favorable conditions for the implementation of joint investment projects in our country.

In general, the heads of foreign companies positively assess the ambitious reforms carried out in Kazakhstan to attract foreign investors to the mining sector and new investment opportunities.