Kazakhstan Needs to Cut Investment Barriers to Boost Mining

Kazakhstan Needs to Cut Investment Barriers to Boost Mining

Kazakhstan’s government needs to simplify and clarify its investment regime and cut barriers for foreign investors if the country’s mining sector is to boom. About one percent of global investment in metals exploration currently goes to Kazakhstan, which is the world’s second-largest producer of chromium.

Market News

India Chromite Sector Shrinks

Mining Weekly reported that India's chromite sector experienced negative growth in March.

Ontario May Give Cliffs A Mining Act Exemption

Winnipeg Free Press reported that Cliffs Natural Resources (NYSE:CLF) may get a Mining Act exemption so it can export up to 40% of mined chromite for processing.

Cliffs To Announce Chromite Smelter Decision

Northern Life reported that Cliffs Natural Resources (NYSE:CLF) will hold a conference call regarding its planned chromite smelter location in Ontario.

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Company News

Noront and Resource Capital Fund Close Private Placement

Noront Resources Ltd.(TSXV:NOT) announced the closing of a private placement for gross proceeds of approximately $10.1 million. The proceeds from the placement with Resource Capital Fund V L.P. will be used for progress at the Eagle Nest project.

Noront and Resource Capital Fund Close Private Placement
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