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.

Almat Daumov
GRATA International law firm

Expert Panel:
09:15 - Kazakhstan and Central Asia's economic outlook in the new geopolitical context

Eric Livny
Associate Director, Regional Lead Economist, Central Asia
European Bank for Reconstruction and Development

09:30 - Investment opportunities of the Republic of Kazakhstan, including the Mining and Metallurgical Complex

Almas Aidarov
Deputy Minister
Ministry of Foreign Affairs of the Republic of Kazakhstan

09:45 - Keynote

Iran Sharkhan
Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan

10:00 - Key challenges in creating a favorable business climate in the mining industry in Kazakhstan

Timur Odilov
Haller Lomax

10:15 - Subsoil development as a driver of economic growth in Kazakhstan

Zhandos Abishev
NPP RK Atameken

10:30 - Rare Earth Elements – opportunity or risk?

Mike Beare
Director and Corporate Consultant (Mining Engineering)
SRK Consulting (Kazakhstan)

10:45 - Development of geological exploration in Kazakhstan in the context of global energy transition

Kaisar Kozhamuratov
Aurora Minerals Group