The Eurasian mining sector experienced significant growth in foreign direct investment and trade throughout 2024. Western countries like the UK, Europe, and the USA are actively seeking partnerships with Kazakhstan and Uzbekistan to secure critical raw material supply chains. However, they face increasing competition from Chinese, Arab, Turkish, and Russian-backed companies. In Kazakhstan alone, the number of active Chinese companies has increased by 3% in August 2024, surpassing 3,000 operational businesses and joint ventures. This escalating competition raises questions about the future landscape: Will this trend persist, and will the national governments maintain a balanced approach to deal allocation to ensure stability and security of raw material supply chains with the Western nations?
Central Asia presents significant opportunities for mining project development, investment and trade finance. However, navigating the funding landscape requires a clear understanding of the realities and challenges. A hands-on discussion will explore specific case studies of successful projects, examine funding models (like public-private partnerships), and discuss how to mitigate risks associated with investment in this volatile but potentially rewarding sector.
This session will provide valuable insights into the impact of regulatory changes on corporate governance in the mining industry in Central Asia and other Emerging Markets. The discussions will contribute to a better understanding of the challenges and opportunities associated with enhancing governance and ESG practices in the extractive sector. The session will also highlight the importance of ongoing dialogue and collaboration among stakeholders to ensure sustainable and responsible mining practices.
Hosted by Simmons & Simmons
This session will highlight projects and initiatives aimed at the development of the regional mining and industrial centres in Central Asia and the Middle Corridor to enable more sustainable supply chains for critical minerals required for the energy transition.
Session sponsor TETHYS: Trans-Eurasian Gateway
This session will offer an opportunity to discuss mining investment opportunities, geological risks and projects developed across Central Asia.
While the adoption of CRIRSCO standards alone isn’t a guarantee of increased foreign investment, it is a significant step towards creating a more attractive investment environment in the mining sector. The session will discuss the practical experiences of Kazakhstan, Mongolia and other Eurasian jurisdictions in their commitment to implement the internationally acceptable reporting standards and developing a broader strategy to improve the investment climate in these countries’ mining sectors.
Hosted by Simmons & Simmons
