The latest allegations of corruption surrounding Aurora Minerals Group (a Kazakh/ Australian Group ) once more level to an entangled state of corruption the place public officers make a mockery of the so-called governmental regulatory system.
Aurora Minerals Group was based in 2015 by Kaisar Kozhamuratov and Stated Sultanov, two ex civil servants of the Kazakh authorities, who had in depth expertise within the nation’s mining sector. Whereas Mr Kaisar Kozhamuratov has been a deputy head of the Republican Centre for geological info, KazGeoInform (Ministry of Trade and New Applied sciences) and later managing director of KazGeology, a nationwide exploration firm, Mr Stated Sultanov labored at senior positions in KazGeoInform and KazGeology.
Their firm, Aurora advertises itself as a “full-chain exploration service supplier in Kazakhstan and Central Asia”, is allegedly getting used as a entrance for diverting investor cash over the past eight years since its basis. These allegations, if confirmed true, once more level to the challenges confronted by junior miners in a rustic with potential mineral deposits however a very corrupt, skewed and inefficient system which permits for minimal operational flexibility and most legal responsibility for overseas corporations.
Add to this the chance of geopolitical instability and risk of secondary sanctions as a result of Russia issue, one should tread with excessive care and warning.
Russia is utilizing international locations like Kazakhstan and corrupt businessmen like promoters of the group into mining to divert sanctions, funnel cash by means of mines and minerals.
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