Bekem Metals Inc. Stock Analysis BKMM

Bekem Metals, Inc. engages in the exploration, development, and extraction of nickel, cobalt, and brown coal. The company is headquartered in Aktobe, Aktyubinskaya Oblast and currently employs 148 full-time employees. The company went IPO on 2004-02-18. The Company’s primary business focus is exploring for nickel, cobalt and other minerals in Kazakhstan. Through its subsidiary, Kyzyl Kain Mamyt LLP (KKM), the Company holds exploration and production licenses from the Government of Kazakhstan to a 575,756-acre parcel, located approximately 130 kilometers northwest of Aktobe, Kazakhstan. This deposit is referred to as the Kempirsai deposit. The firm also owns the Maymt brown coal deposit, which is located in northwestern Kazakhstan. Through its subsidiary, Kaznickel, LLP (Kaznickel), BMI owned the right to the Gornostayevskoye (Gornostai) nickel and cobalt deposit located in the East Kazakhstan Oblast in northeast Kazakhstan. In November 2009, the Company sold its interest in Kaznickel to Ertis Ferronickel Works LLP.