Astana to host Central Asia Mining and Exploration Forum

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ASTANA (TCA) — The 7th Mining and Exploration Forum – MINEX Central Asia will be held in Astana, Kazakhstan on 19-21 April 2016.

Organized under the slogan “‘Mining and Exploration Industries – prospects and opportunities for creating economic growth”, MINEX Central Asia 2016 Forum will bring together government regulators, mining companies, investors, experts, financiers and service companies from Central Asia and overseas, the Forum organizers said on its official website.

The Forum will offer an industry-wide discussion platform organized on the backdrop of the strategic rethinking of the economic priorities and emerging role of the mining industry as a potential backbone for economic growth of the mineral-rich countries of Central Asia.

Development of the natural resource industries, as key economic drivers, remains top priority for the local Governments as ongoing depressed commodity prices raise vital issue of efficient management of the natural resources as foundation for economic growth.

To improve efficiency many national mining enterprises need to modernize and invest in infrastructure, production, R&D, exploration, training. This requires huge capital expenditures. The pressure is growing for more open and urgent collaboration between the Governments, Miners and Investors to balance their interests in order to successfully compete for capital, technologies and trade.

With a continuing global growth of living standards and the urban population, development of infrastructure projects and creation of new technologies, the role of metals and minerals will be vital for international economic development in the 21st century. This growth will place greater pressure on demand of natural resources. Depleting current reserves of some of critical materials will drive demand for the development of new deposits. According to USGS and the Raw Materials Data, Kazakhstan and Uzbekistan alongside Russia, China, India and Indonesia hold 10 top reserves (by size) amongst the emerging commodity producers. By establishing investment-friendly climate in the mining sector, Central Asian economies are currently positioning themselves as top recipients of future global investment and creating foundations for sustainable growth.

Sergey Kwan

TCA