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About AIX

Astana International Exchange (AIX)

Astana International Exchange (AIX) was established in 2017 as part of the Astana International Financial Centre, AIFC. AIX’s mission is to develop the public equity and debt capital markets in Kazakhstan and Central Asian region.

AIX operates in AIFC regulatory environment, a constitutionally separate jurisdiction within Kazakhstan, which is based on English common law principles. AIX is regulated by the Astana Financial Services Authority, an independent regulator established within the AIFC.

AIX operates an industry standard trading system with T+2 settlement through an ecosystem of over 20 local and international trading members.

AIX shareholders are: AIFC, GoldmanSachs, Shanghai Stock Exchange, Silk Road Fund and NASDAQ which provides AIX trading platform.

In 2019, the AIX approved Mining Company Rules based on the standards applying to mining company listings on the Toronto and Australian stock exchanges. The Rules apply a differentiated approach separating large mining companies in advanced stages of development (Tier 1) and junior companies with a higher degree of risk and potentially higher returns (Tier 2). A key requirement for companies is that they should have available a qualified report on geological performance and mineral reserves. Depending on the tier assigned, mining companies are exempt from net income and minimum market capitalisation listing requirements. Issuers will be required to demonstrate that they employ qualified management and technical personnel, and use geological reporting, as evidenced by independent experts in accordance with best international mining industry standards.
Natural conditions encourage more capital to flow into the Kazakhstan mining sector:
  • Wealth of natural mineral deposits
  • Leading positions in explored reserves and uranium, zinc, tungsten, barium, silver, lead, chromite, copper, fluorite and molybdenum production
  • Geographic proximity to countries rich in natural resources, such as Russia, Mongolia and Uzbekistan and countries with a concentration of mining investors, such as Russia and China
  • Kazakhstan has created a favourable regulatory environment for the mining sector to develop
  • A New Subsoil and Subsoil Use Code builds on Australian practices The length of time required to secure a license has been reduced to 10 days
  • Over 600 licenses were issued in the last 2 years Mining sector investment is concentrated in two world centres, Toronto and Sydney. Kazakhstan and the AIX can find its niche between them
Main mining sector listing requirements
RequirementMature companiesJuniors
Financial statementsAudited statements for 3 yearsAudited statements for 2 years (not required for newly created companies)
Financial standingSufficient to execute a stated work programme within 18 months of listingSufficient to execute a stated work programme within 12 months of listing
Minimum market capitalisationFrom 1 million USD-
Geological reportingJORC or NI 43-101 Proven or Measured ResourcesJORC, NI 43-101 or KAZRC
Click here to Download Mining Brochure
Astana International Exchange (AIX)

Astana International Exchange (AIX) was established in 2017 as part of the Astana International Financial Centre, AIFC. AIX’s mission is to develop the public equity and debt capital markets in Kazakhstan and Central Asian region.

AIX operates in AIFC regulatory environment, a constitutionally separate jurisdiction within Kazakhstan, which is based on English common law principles. AIX is regulated by the Astana Financial Services Authority, an independent regulator established within the AIFC.

AIX operates an industry standard trading system with T+2 settlement through an ecosystem of over 20 local and international trading members.

AIX shareholders are: AIFC, GoldmanSachs, Shanghai Stock Exchange, Silk Road Fund and NASDAQ which provides AIX trading platform.

In 2019, the AIX approved Mining Company Rules based on the standards applying to mining company listings on the Toronto and Australian stock exchanges. The Rules apply a differentiated approach separating large mining companies in advanced stages of development (Tier 1) and junior companies with a higher degree of risk and potentially higher returns (Tier 2). A key requirement for companies is that they should have available a qualified report on geological performance and mineral reserves. Depending on the tier assigned, mining companies are exempt from net income and minimum market capitalisation listing requirements. Issuers will be required to demonstrate that they employ qualified management and technical personnel, and use geological reporting, as evidenced by independent experts in accordance with best international mining industry standards.
Natural conditions encourage more capital to flow into the Kazakhstan mining sector:
  • Wealth of natural mineral deposits
  • Leading positions in explored reserves and uranium, zinc, tungsten, barium, silver, lead, chromite, copper, fluorite and molybdenum production
  • Geographic proximity to countries rich in natural resources, such as Russia, Mongolia and Uzbekistan and countries with a concentration of mining investors, such as Russia and China
  • Kazakhstan has created a favourable regulatory environment for the mining sector to develop
  • A New Subsoil and Subsoil Use Code builds on Australian practices The length of time required to secure a license has been reduced to 10 days
  • Over 600 licenses were issued in the last 2 years Mining sector investment is concentrated in two world centres, Toronto and Sydney. Kazakhstan and the AIX can find its niche between them
Main mining sector listing requirements
RequirementMature companiesJuniors
Financial statementsAudited statements for 3 yearsAudited statements for 2 years (not required for newly created companies)
Financial standingSufficient to execute a stated work programme within 18 months of listingSufficient to execute a stated work programme within 12 months of listing
Minimum market capitalisationFrom 1 million USD-
Geological reportingJORC or NI 43-101 Proven or Measured ResourcesJORC, NI 43-101 or KAZRC
Click here to Download Mining Brochure