openPR Logo
Press release

Kazakhstan Looking Increasingly Attractive to International Businesses, Investors Says GCM Worldwide

08-18-2011 08:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: GCM Worldwide

Kazakhstan, strategically placed between China and Russia, has a wealth of mineral riches which it is eager to profit from. While Kazakhstan is probably best known for its oil, changes are on the horizon as mining companies flow in searching for copper, gold, zinc and other natural resources.

While British and Swiss concerns continue to enter the country to pen mining deals, no less a player than industry giant Rio Tinto has taken notice, and has already signed an agreement with state-owned Tau-Ken Samruk to form a joint mining venture. This would seem to signal a sure reversal to the country’s previous cuts in mineral exploration investment.

Geologists believe that Kazakhstan possesses at least 4 percent of the planet’s gold reserves. The government is well aware of this, and has upped gold production by nearly 30 percent over the last two years. “Not only does Kazakhstan have vast expanses of under-utilized land, but its close proximity to economic giant China affords the country a plethora of opportunities,” said GCM Worldwide’s Andrew Clearey. “This is a country with almost unlimited untapped growth potential, particularly with the current scarcity of mineral resources, something that Kazakhstan seems to have, in spades. The country’s GDP is already up two percent, thanks primarily to the massive rise in commodity prices, particularly gold and copper. The Kazakhstan government seems to have finally taken notice of this fact, enacting policies that make it much easier for large foreign mining companies to explore and excavate within their borders. It’s no surprise, then, that international mining concerns are looking to Kazakhstan for expansion.”

Clearey was quick to point out that, “While Rio Tinto may be the biggest name making a play for the country’s resources, they are by no means the only player. Other firms, including Frontier Mining, Central Asia Metals, Glencore International, Hambleton Mining and, of course, Max Petroleum are all set to make major moves into Kazakhstan. Given the sheer quantity of resources at stake, we here at GCM are keeping a very close eye on all of these companies. There’s a lot of money to be made in Kazakhstan right now, the question is, who will get there first?”

GCM Worldwide is a New York based investment firm offering the full range of financial, banking and investment services.

575 Broadway
Suite 4000
New York, New York
10012

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Kazakhstan Looking Increasingly Attractive to International Businesses, Investors Says GCM Worldwide here

News-ID: 188027 • Views:

More Releases from GCM Worldwide

Proposed Apple/Sprint Deal Should Benefit Both Companies
According to several reports, an Apple iPhone and Sprint deal is increasingly likely with the introduction of the new iPhone 5, particularly in light of the fact that Sprint will be the only remaining carrier with an unlimited data plan, an asset that clearly appeals to Apple. Although not officially confirmed, if a deal goes through it could be a huge benefit for both companies. Apple stands to gain
Outflow from Emerging Markets Offers Investment Bargains for the Savvy Investor, …
The largest outflow from emerging- market funds in four years looks like a very good indication to purchase stocks (which have currently been deflated to their lowest valuations in nearly three years), say analysts at the investment firm of GCM Worldwide. Investors pulled close to eight billion dollars this week, the third highest such withdrawal on record, and over a full percent of assets under management. GCM Worldwide,
GCM Worldwide Reviews Equity Fluctuation’s Impact on Investment Banks, Looks t …
Unprecedented swings in the equity market have analysts pondering whether this August’s results will lead to profits or loss for Wall Street’s big investment banks. Instability and massive trading volume may help this quarter’s results in a historically weak period, GCM Worldwide analyst Arthur Melnick said in a note this week, explaining that bank trading positions (many of which have been closely guarded secrets) will determine the final result. The
Solid Industrial And Tech Stock Bargains Abound Say Analysts At GCM Worldwide
As the market continues to fluctuate, analysts at New York based investment firm GCM Worldwide continue to look for, and recommend, stocks with solid long-term potential. “While some investors panicked over the recent market plunges and liquidated stocks with great mid to long-term prospects, we see a multitude of bargains emerging for our more steadfast clients. There’s no better time than the present to snap up some of

All 5 Releases


More Releases for Kazakhstan

Kazakhstan Agriculture Market, Kazakhstan Agriculture Industry, Kazakhstan Agric …
Kazakhstan is a largest grain producing country in the world, where agriculture sector is the foremost employer for the majority of the population. In country, a high proportion of the population (approx 43%) lives in rural areas. Additionally, incomes of approximately 30% of the economically active population are generated by the employment in agricultural sector. In Kazakhstan, farms are categorized into three categories: private (or peasant) farms, agricultural enterprises, and subsidiary
Payments Landscape in Kazakhstan: Opportunities and Risks to 2022
"Payments Landscape in Kazakhstan: Opportunities and Risks to 2022", report provides detailed analysis of market trends in Kazakhstan's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in
Agrochemicals Market in Kazakhstan
ReportsWorldwide has announced the addition of a new report title Kazakhstan: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Kazakhstan: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Destination Kazakhstan for Windsor Brokers Ltd
Cyprus, March 28, 2012: Windsor Brokers Ltd, a European Investment firm has decided to participate at the Kazakhstan Forex Expo that will take place on the 30th and 31st of March 2012 at the Mega Alma-Ata, the biggest shopping mall in Almaty, Kazakhstan. “It has always been of great interest for us to meet with investors, exchange experiences and personalize customer relations. Another reason why we are willing to travel
MIR Corporation Announces 2011 Kazakhstan Tour Dates
Seattle, WA, February 15, 2011 - More than 2,000 years ago, the great trade routes that linked Europe and China opened Central Asia to foreign cultures, customs and religions. Join a modern-day caravan on an epic journey to five of these exotic countries - Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan. Today MIR Corporation announces departure dates for their '5 Stans' tour featuring Kazakhstan. This Kazakhstan tour is part of MIR
SGS Seminar on Advanced Ultrasonic Testing in Kazakhstan
The ability to accurately size and monitor defects and discontinuities in a material or structure is becoming more and more important in industrial plants. With the industry’s growing need for the application of more reliable, simpler, safer, accurate and cost effective techniques, Phased Array (PA) and Time of Flight Diffraction (ToFD) are widely recognized as the most effective testing methods for flaws detection in welds. Therefore, SGS organizes a one-day seminar