(Sky News) - Kazakhstan is undergoing a major transformations at the moment trying to shed its soviet past and opening itself right up to the world skies. Brent O’Halloran travelled across the Central Asian nation to see just how Australians can right now cash in.
This gold in them hills – billions of dollars worth. Across the Kazakhstan’s steppes - more coal and rare gems than most places on Earth. This is the site of a massive modern mineral rush.
The world’s largest landlocked nation is also one of the most resource reach with massive deposits of gold, copper, uranium and other rare minerals. But the problem according to the Kazakh government is that too few companies are actually going out to find them.
“If Kazakhstan gets its mining law right and it makes attractive enough for few investors there will be a huge mining boom” – said Kent Balas.
Australians like Kent Balas have been among most proactive and successful here. His Aurora Minerals is one of more than two hundred other businesses that invested more than 106 million dollars in Kazakhstan.
Kent Balas shared thoughts on business in Kazakhstan: If you have some good local help it all relatively straightforward you know…, the things don’t work exactly like in Australia but it goes for business anywhere.
Resource: http://www.skynews.com.au
