Astana International Exchange (AIX) has announced that Mining Company Rules (the “Rules”) designed to create favourable environment for mining companies on AIX received a final approval by Astana Financial Services Authority. The Rules are accessible via the following link.
In the interest of both institutional and retail investors, a differentiated two-tier approach has been adopted for the Rules. Tier 1 shall focus on larger issuers on advanced stages of development, while Tier 2 provides a platform for junior mining companies with potentially higher returns and risk profile.
Depending on the Tier, mining companies will enjoy exemptions from several AIX Business Rules listing requirements, such as net profit and market capitalisation requirements. At the same time, the issuers will be required to demonstrate adequately experienced management, suitably qualified technical personnel and experts, as well as a Competent Person’s Report compliant with either of the JORC, NI 43-101 or KAZRC standards.
AIX was created in 2017 within the AIFC development framework. AIX shareholders are: AIFC, Goldman Sachs, Shanghai Stock Exchange, Silk Road Fund and NASDAQ which provides AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, ensuring reliable conditions for investments. AIX’s mission is to develop a deep and liquid capital market in Kazakhstan and the region by providing clear and favourable conditions for private and public businesses to raise capital. AIX is developing special segments for mining companies, as well as infrastructure projects under the Belt and Road initiative. Read more: www.aix.kz
The AIFC was established on the initiative of the first President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz
Head of Communications
Tel: +7 (7172) 23 53 94