Session 1

Creating a favourable business climate for sustainable development and investment in the mining industry

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. 

• Overview of Kazakhstan's place in global mineral resource production. Current trends, challenges, and opportunities
• Analysis of production and economic indicators in the mining industry of Kazakhstan for 2022.
• Discussion of priorities and strategies to ensure growth and attract investment in the sector.
• Examination of new approaches and practices in the management of subsoil use in Kazakhstan.
• Analysis of recent amendments to the Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use".
• Discussion of changes in the taxation of the mining sector in Kazakhstan.
• Examination of programs for socio-economic development in areas with a high concentration of mining production.
• Opportunities for new market development and the creation of new industries in the manufacturing sector in Kazakhstan.