Large foreign businesses contribute a third of all taxes in Kazakhstan. In 2021, tax revenues to the state budget increased by 25%, with the extractive industries experiencing the highest growth due to rising prices in global commodity markets. However, despite an inflow of 11.7% foreign investment in the mining industry in 2022, growth in the sector decreased.
Kazakhstan is among the top ten leading countries in the world in terms of confirmed reserves of most types of minerals. To increase the competitiveness of the Mining and Metals sector in the coming years, measures will be taken to replenish the mineral resource base, simplify and automate business processes on a single platform of subsoil users, and deepen the processing of base metals to finished products.
The mining and processing industries in Kazakhstan are facing the challenge of depletion of reserves due to intensive mining. With only a small portion of the ores and metals mined in Kazakhstan being processed, diversifying production is essential for long-term economic and social progress. The combination of foreign investment and advanced technology will play a significant role in this success. In 2023, 149 investment projects are planned to be put in place, with the most notable projects focusing on the modernisation of mining production and the implementation of integrated socio-economic development programs in mining cities and regions.
• Where is it? Deciphering Soviet coordinates
• What is it? Translating soviet metal assemblages into minerals systems based metallogenic models in order to identify the optimal exploration tools
• What does the geology map tell me? How to compare and translate Soviet into western geological conventions and terminology
• How much do I need to spend, and how to get the best value out of this expenditure? Typical first-year minimal exploration expenditure requirements, and an overview of ground geology, geochemistry and geophysics should be completed prior to planning drilling.
• What if I don’t have an experienced field team? Overview of remote sensing surveys (spectral and geophysical) that can be conducted in the first year to fulfill expenditure requirements and position oneself better for drilling.
• What do I need to prepare prior to drilling to comply with international exploration best practices? Introduction to geochemical QA-QC, types and sources of CRM.
• Can I bring in more rigs to speed up a discovery? The advantages of drilling less yet more intelligent and efficient metres, and what is required to get the best value out of drilling campaigns in Kazakhstan.
Who should attend:
This master class was designed to provide key information and insight to new and seasoned Kazakhstan exploration geologists and investors.
Critical materials – chromium, copper, germanium, lithium and others – are essential building blocks for renewable energy technologies such as solar panels, wind turbines and batteries. In terms of potential in mining and exporting critical raw materials, Kazakhstan ranks fourth worldwide, while in aluminium it is among the top 10. Stimulated by global demand for international investment and technologies, Kazakhstan is poised to become a strategic supplier of battery metals and other critical materials to the Global markets.
The business track is held in a specialised area which is open to both forum participants and exhibition visitors. At the business track venue, companies and Forum participants can present their technologies, cases and products.