Business Sweden, together with the Embassy of Sweden to Kazakhstan, invites you to participate in a Swedish Mining Delegation that takes place at one of the most important mining conferences in Kazakhstan – Astana Mining and Metallurgy Congress, Astana, June 12 - 13, 2014. The delegation will be headed by the Swedish Ambassador to Kazakhstan, Manne Wängborg.
The delegation will constitute a Swedish seminar and be a part of one of the most important mining conferences in Kazakhstan - Astana Mining and Metallurgy Congress (AMM). The conference annually unites political, business, financial and scientific leaders of the mining and metallurgical industry. In 2013, more than 1,200 delegates from 20 countries took part in AMM. The Swedish mining delegation is part of the official program and presentations by the participants of the delegation will take place on the second day of the conference.
The delegation programme during the second day of the congress will consist of meetings primarily with:
Kazakhstani and international mining companies
Ministry of Industry and New Technologies of the Republic of Kazakhstan
Association of Mining and Metallurgical Enterprises of the Republic of Kazakhstan
The mining and metals industry in Kazakhstan
Kazakhstan ranks as one of the top 10 fastest growing countries in the world with a steady GDP growth of between 5 - 8 % during the last three years, according to IMF. The World Bank has listed Kazakhstan as one of the 20 most attractive countries for investment. To further attract investments and increase growth, the country works for integration with EU and WTO.
The mining and metals industry plays an important role in Kazakhstan’s economic growth, accounting for approximately 27% of Kazakhstan’s GDP, making the country second only to Russia in mineral production within the CIS region. The country has 30% of the world’s reserves of chrome ores, 25% of manganese ores and 10% of iron ores. With only 10%–15% of Kazakhstan’s explored reserves currently in operation, its metals and mining industry has huge potential for further growth. The country already has numerous foreign mining companies present on the market, among them British Rio Tinto and Luxembourgian ArcelorMittal.
In a bid to further encourage international investment in the mining industry, Kazakhstan will have a new Mining Code ready by July 1, 2014 which will be modelled on international principles for exploration and operation. The devaluation of the Tenge in February 2014 will suppress private consumption in the short term. However, large scale exporters, particularly natural resources giants, stand to benefit from the devaluation, given that their products are now significantly cheaper on international markets.
For further information about the mining delegation to Kazakhstan
If you're interested in participating in the delegation, we need your registration no later than 30 April, 2014. For further information, please contact:
T: +7 495 788 11 38