AIFC Hosts Roundtable Discussion on Raising Capital for Mining and Fintech Companies
One of the key challenges facing the mining industry remains limited access to financing for early-stage exploration projects. Investment focus is traditionally concentrated on more mature projects with lower risk profiles. Another barrier is the limited confirmation of mineral reserves under international standards (JORC/KAZRC).
Against this backdrop, the development of cross-platform financing mechanisms and broader access to international capital markets are becoming critically important for enhancing the investment attractiveness of Kazakhstan’s mining sector and providing financial support to junior mining companies.
Last week, the Astana International Financial Centre, with the participation of representatives from the Astana International Exchange and Hong Kong Exchanges and Clearing Limited (HKEX), hosted a roundtable discussion dedicated to opportunities for raising capital for junior mining and fintech companies, as well as their access to international stock exchange platforms. The key objective of the initiative was to raise awareness of project financing opportunities, develop practical capital-raising mechanisms, and expand companies’ access to international capital markets.
The discussion focused on financing mechanisms, and listing requirement on HKEX and AIX. Particular attention was given to the opportunities HKEX offers companies seeking access to international capital markets.
The roundtable brought together representatives of exchanges, including Johnson Chui, Head of Global Issuer Services, HKEX, and Assel Mukazhanova, CEO of AIX, as well as representatives of CICC, representatives of exploration, industrial, and fintech companies, including Kusto Altyn and Copper, Pallas Resources, KazakhNickel, Atlant Minerals, Altyn Samruk, Qazgeology, ITS, Al Safi Bank, Primavera Capital Group, Industrial Mining Company and others.
The discussion also included members of the AIFC Mining Experts Council (Council): Nariman Absametov, Chairman of the Management Board of National Mining Company Tau-Ken Samruk JSC, Yerlan Galiyev, Chairman of the Management Board of the National Geological Service JSC, Aida Alzhanova, Deputy CEO for Strategic Development of Solidcore Resources, Said Sultanov, Founder of Aurora Minerals Group, and Liu Wenjing, Founder of Elistra Advisory Limited.
Zhanbolat Kakishev, Chief Product Officer of the AIFC Authority, noted:
“Globally, junior mining companies play a key role in discovering new mineral deposits; however, early-stage exploration projects remain the most challenging in terms of access to financing. The launch of the Junior Mining Platform is one of the AIFC’s steps toward building a financing ecosystem for such projects. Today’s discussion of HKEX and AIX opportunities within the roundtable enables the development of practical mechanisms aimed at preparing junior companies for attracting international investment and their subsequent access to global capital markets.”
Against this backdrop, the development of cross-platform financing mechanisms and broader access to international capital markets are becoming critically important for enhancing the investment attractiveness of Kazakhstan’s mining sector and providing financial support to junior mining companies.
Last week, the Astana International Financial Centre, with the participation of representatives from the Astana International Exchange and Hong Kong Exchanges and Clearing Limited (HKEX), hosted a roundtable discussion dedicated to opportunities for raising capital for junior mining and fintech companies, as well as their access to international stock exchange platforms. The key objective of the initiative was to raise awareness of project financing opportunities, develop practical capital-raising mechanisms, and expand companies’ access to international capital markets.
The discussion focused on financing mechanisms, and listing requirement on HKEX and AIX. Particular attention was given to the opportunities HKEX offers companies seeking access to international capital markets.
The roundtable brought together representatives of exchanges, including Johnson Chui, Head of Global Issuer Services, HKEX, and Assel Mukazhanova, CEO of AIX, as well as representatives of CICC, representatives of exploration, industrial, and fintech companies, including Kusto Altyn and Copper, Pallas Resources, KazakhNickel, Atlant Minerals, Altyn Samruk, Qazgeology, ITS, Al Safi Bank, Primavera Capital Group, Industrial Mining Company and others.
The discussion also included members of the AIFC Mining Experts Council (Council): Nariman Absametov, Chairman of the Management Board of National Mining Company Tau-Ken Samruk JSC, Yerlan Galiyev, Chairman of the Management Board of the National Geological Service JSC, Aida Alzhanova, Deputy CEO for Strategic Development of Solidcore Resources, Said Sultanov, Founder of Aurora Minerals Group, and Liu Wenjing, Founder of Elistra Advisory Limited.
Zhanbolat Kakishev, Chief Product Officer of the AIFC Authority, noted:
“Globally, junior mining companies play a key role in discovering new mineral deposits; however, early-stage exploration projects remain the most challenging in terms of access to financing. The launch of the Junior Mining Platform is one of the AIFC’s steps toward building a financing ecosystem for such projects. Today’s discussion of HKEX and AIX opportunities within the roundtable enables the development of practical mechanisms aimed at preparing junior companies for attracting international investment and their subsequent access to global capital markets.”