HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Kazakhstan connection?
Other than the chromite connection why would this event exist???
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https://www.eventbrite.ca/e/kazakhstan-ontario-business-forum-registration-83900832649
The Kazakhstan-Ontario Business Forum aims to develop increased business and investment between Ontario and Kazakhstan.
About this Event
Join the Ontario Chamber of Commerce and the Embassy of the Republic of Kazakhstan in Canada on Wednesday, December 18 to learn about business and investment opportunities in Kazakhstan.
We are pleased to be joined by H.E. Akylbek Kamaldinov, Ambassador of Kazakhstan to Canada for this event.
Kazakhstan is home to 18.5 million people and boasts the largest economy in Central Asia in both absolute and per capita terms. Strategically located near rapidly growing markets in Asia and Eastern Europe, Kazakhstan is an emerging gateway to trade and investment in the region. Known for its rich natural resources and agricultural lands, Kazakhstan has also developed a growing industrial sector. The country has received praise for rapidly improving its position on the World Bank's "Ease of Doing Business Ranking" to #25 in the world.
Morning refreshments will be served.
There is no cost to attend but seating is limited.
AGENDA
9:00 am - Registration, networking , refreshments
9:30 am - Opening remarks
- Mr. Rocco Rossi, President & CEO, Ontario Chamber of Commerce
9:40 am - Welcome remarks
- H.E. Akylbek Kamaldinov, Ambassador of Kazakhstan to Canada
9:50 am - Presentation of the business climate in Kazakhstan
- Mr. Murat Rustemov, Counsellor, Embassy of Kazakhstan
10:10 am - Presentation of the main sectors of the economy in Kazakhstan
- Mr. Shokan Omarov, First Secretary, Embassy of Kazakhstan
10:30 am - Remarks by the Honorary Consul of Kazakhstan in Ontario
- Mr. Stan Bharti, Founder of Forbes & Manhattan
10:45 am - Doing business with Kazakhstan: Perspective of a Canadian businessperson
11:00 am - Q & A
11:30 am - Closing remarks
11:35 am - Networking
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Kazakhstan is one of world leaders in chromite mining, production and reserves, says U.S. Geological Survey
By Nazira Kozhanova in Business on 18 September 2019
NUR-SULTAN – Kazakhstan is one of the world leaders in chromite mining, production and reserves, according to the United States Geological Survey.
Photo credit: businessmir.kz.
The country was the third biggest chromite producer in 2018 with 4.6 million tonnes. South Africa and Turkey were the largest and second largest with 16 million and 6.5 million tonnes, respectively.
Kazakhstan, however, ranks first in chromite ore reserves with 230 million tonnes, followed by South Africa (200 million tonnes) and India (100 million tonnes). The nation produced 4.1 million tonnes in the first seven months of 2018, 5.7 percent more than the 3.9 million tonnes in the same period of 2017. Chrome concentrate extraction increased 5.3 percent to 2.9 million tonnes this year compared to 2.8 million tonnes in the same period of 2018.
Total sales increased 7.4 percent per year to 1.6 million tonnes. High-carbon ferrochrome sales reached 1.4 million tonnes, a 9.1-percent per year increase.
Ferrochrome is mainly used to produce stainless steel and higher sales directly reflect changes in market conditions and demand, noted the survey. According to Kazchrome’s annual report, analysts predict an increased demand for stainless steel due to the ongoing urbanisation and economic development of China, India and other emerging countries. Demand for stainless steel is expected to grow 3.6 percent per year through the end of 2030, which will lead to an increase in demand for ferrochrome and chrome ore, reported EnergyProm.kz.
At the same time, chromium ore supply growth in the medium term will be limited and face a shortage by 2020 and major price increases are expected to affect chromium ore and ferrochrome growth.
Kazchrome sales revenue in 2018 was 750 billion tenge (US$1.9 billion), an increase from 702 billion tenge (US$1.81 billion) in revenue a year earlier. The main buyers were China (42 percent), Japan (25 percent), Europe (16 percent), South Korea (7 percent) and the United States (6 percent) of the total market share.
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