News

June 23, 2009

With Funding Now Secure, Frontier Mining Hopes To Bring The Benkala Copper Project In Kazakhstan Into Production In Short Order

By Alastair Ford

Erlan Sagadiev and Tom Sinclair breeze into Minesite’s offices one day in the midst of a whirlwind tour, designed to update one and all in the City about the latest at Kazakhstan-focused Frontier Mining. In their respective capacities as chief executive and chief financial officer, Erlan and Tom have visited journalists, brokers, and marketing specialists, and have met with retail and institutional investors at various conferences and seminars all within the space of a week or two. A key interest has been brokers, as lately Frontier has suffered the misfortune of having a couple of its brokers go bankrupt in quick succession, although now Libertas appears to be picking itself up by its own bootstraps those issues may recede. There are offers of money on the table too, although as a producing gold miner – albeit on a small scale - the company can afford to pick and choose at least a little bit.

But the key effort has been designed to get Frontier back on the radars of market participants after a long hiatus when the directors went to ground in the face of seemingly endless negotiations about recapitalizing the company. Those negotiations were ongoing as long ago as November of last year, and although Frontier subsequently updated the market reasonably frequently to say that the negotiations were still ongoing, for all practical purposes real news from the company dried up. But that...