On 6 March 2023 the Canada Eurasia Chamber of Commerce (CECC) hosted at PDAC in Toronto the 23rd Eurasia Mining Conference 2023 – the largest annual Canadian Eurasia event for the mining industry. The conference is a business-driven mining event that attracts senior executives and managers from leading Canadian and Eurasian companies, as well as from governments. The CECC works throughout the year with multiple stakeholders to make this day happen and bring all of this content and opportunities to attendees.
The event was opened with the address of H.E. Ariunbold Yadmaa, the Ambassador of Mongolia to Canada. Then, H.E. Javlon Vakhabov, the Ambassador of the Republic of Uzbekistan, joined the Conference virtually to greet the honoured guests and attendees of the CECC Mining Conference.
During the Diplomatic Brief, Nurlan Gabdyzhamalov, Counsellor at the Embassy of the Republic of Kazakhstan and Edouard Huot, Senior Trade Commissioner at the Embassy of Canada to Kazakhstan, addressed questions on the latest government initiatives covering the investment environment in the natural resources sector.
The mining sector activity is now increasingly driven by sustainable development requirements and the promotion of sustainable development through international cooperation has remained a late model. The mining industry in Mongolia is complicated, covering not only the technology knowledge, but also the college environment, society community, and the value chain and production. Mongolia’s mining industry is celebrating its 100th anniversary this year, and there has been tremendous progress in terms of improving the legal environment and taxation. Foreign investors must deal with the local communities in relation to the mining or infrastructure or age, and the Mongolian government is working to improve its legal environment, analyze these issues, and improve taxation issues. Diversifying the economy and investing in sustainable development are key to addressing these challenges and ensuring long-term growth and prosperity for the country.
It was noted that the Republic of Kazakhstan continues supporting foreign companies interested in accessing the Kazakhstan market and providing the most favourable conditions to junior and senior mining developers operating in the critical minerals sector. Kazakhstan also plans to become a global leader in the hydrogen energy sector. Kazakhstan has vast reserves of natural gas, which can be used to produce hydrogen, and the country has been investing heavily in research and development to make this a reality.
Uzbekistan is making efforts to modernise its economy and attract foreign investment. Uzbekistan has been implementing a series of economic reforms since 2017, which have led to increased foreign investment and economic growth. Uzbekistan has a young and educated workforce, which makes it an attractive location for businesses looking to expand in Central Asia.
MINEX Forum presents video recorded at the Conference