The 13th Mining and Exploration Forum MINEX Kazakhstan is being held in Astana under the general theme “Managing natural resources to accelerate national development”. The Forum is attended by representatives of international and national mining and exploration companies, service and technology companies, industry departments and organisations, investment funds, and banks.
HMA Katie Leach, British Ambassador to the Republic of Kazakhstan, and Arthur Poliakov, founder and Executive Chairman opened the Forum. Iran Sharkhan, Vice Minister of Industry and Infrastructure Development of the Republic of Kazakhstan Almas Aidarov, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Aidarov took part in the first plenary session moderated by Almat Daumov, Partner of GRATA International.
HMA Katie Leach, British Ambassador to the Republic of Kazakhstan
Almas Aidarov, Deputy Minister of Foreign Affairs
Iran Sharkhan, Vice Minister of Industry and Infrastructure Development
Presenters discussed investment opportunities in the exploration of new deposits of solid minerals. Iran Sharhan noted that since the adoption of the Code of the Republic of Kazakhstan “On Subsoil and Subsoil Use”, Kazakhstan has included about 1.6 million square kilometers in the program for the management of the state subsoil fund, from March 27 and September 1, 2023, additional subsoil plots are provided for local and foreign investors, which makes almost the entire territory of the country free for investment in geological exploration. In addition, the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan announced an auction for 28 deposits of solid minerals. Investors will be able to take part in the auction for the increase, and the state budget will be replenished with proceeds from the payment of subscription bonuses.
The speakers noted the growing role of Kazakhstan in the new geopolitical aspect. The development of mineral resources, and the discovery and development of new deposits of solid minerals (rare earth elements, rare metals, high-tech metals, etc.) can become a new driver of Kazakhstan’s economic growth.