Session 2

Priorities for the development of the geological industry in Kazakhstan

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 National Program for the intensification of the state geological study of priority minerals.
• Plans of the National Geological Survey to reduce investment risks and carry out work at an early stage.
• Utilize new tools to attract investment in geological exploration.
• New incentive for investment in geological exploration.
• Increasing the economic attractiveness of mineral deposits offered to investors.
• Completion of the transition to international reporting standards for resources and reserves of metals and minerals.
• Creation of a "transparent" information system to simplify investors' access to geological information.
• Protection of the rights of geological discoverers and simplifying the transition to the production phase.
• State-initiated audit of subsoil use licenses aimed at creating transparent and fair market conditions for investors.
• Introduction of space monitoring of the activities of subsoil users.