MOG Project Almaty 2015 Establishment of the

Transcript:MOG Project Almaty 2015 Establishment of the:
MOG Project Almaty 2015 Establishment of the special sector for subsoil use companies' securities in KASE official list MOG Project Project related information MOG Project Goals Establishing separate sector for the subsoil use companies in the KASE official list Developing specialized listing rules for subsoil use companies, that will take into account specifics of such companies activities Recognizing geological reporting prepared based on CRIRSCO standards Increasing KASE stock market liquidity by attracting subsoil use companies – issuers and investors Working with stakeholders to take into account their interests and requirements Enhancing Kazakhstan legislation by participating in various working groups to increase attractiveness of the subsoil use sector of Kazakhstan for investors Project MOG Key Elements Segmenting MOG sector by industry (oil & gas and mining companies) and company's stage of development (juniors – exploration and seniors – extraction) Establishing KASE Expert Counsel that will include geologists, consultants, KASE members, who will participate in evaluation of issuers geological reports Replacing financial reporting requirements to junior companies with requirements to top management experience and availability of sponsor Availability of sponsor, who will be responsible for junior issuer meeting the listing requirements Transition mechanism for junior companies to move to listing requirements for senior companies upon transition to extraction stage Geological report of the issuer is prepared by competent person Geological report should be not less than feasibility study and should comply with CRIRSCO codes standards Project MOG SWOT Analysis Listing rules and requirements General listing rules and requirements Special listing rules and requirements for subsoil use companies Listed companies classified by 24 GICS* industries Mining Companies (15 GICS) Oil & Gas Companies (10 GICS) MINING, OIL & GAS (MOG) KASE SECTOR Senior Junior Senior Junior * Establishment of separate sector due to subsoil use investments specifics MOG Project Vision MOG Project Key Stages Public vs Private KASE selects public market, as: It is necessary to maintain trade and issuance activity on stock market It is necessary to keep tax exemptions for investors that are only available on stocks included in KASE official list It is necessary to apply best international practice that envisions availability of stock exchange platform To account for specifics of companies' activities at various stages of development KASE will introduce separate requirements for exploration stage companies (simplified) and extraction stage companies (full) АЙНУР ТАС АКБАКАЙСКИЙ ГОК ВАРВАРИНСКОЕ ВАСИЛЬКОВСКИЙ ГОК КОРПОРАЦИЯ ДУНИЕ МАЙКАИНЗОЛОТО ХАН-ТЕНГРИ ГОЛДБЕРГ КОРПОРАЦИЯ ФОСТИС АТЫРАУМУНАЙГАЗ НЕФТЯНАЯ КОМПАНИЯ