The Government of Kazakhstan adopted a resolution dated November 17, 2023 “On some issues of granting the exclusive right to export certain types of coal,” Zakon.kz reports.
The list of individual types of coal that can be exported includes:
- hard coal; briquettes, pellets and similar types of solid fuels obtained from coal;
- lignite or brown coal, whether or not agglomerated, other than jet.
The list of participants in foreign trade activities that have been granted the exclusive right to export certain types of coal includes 33 companies, including:
- JSC “Mining Company “SatKomir” (SatKomir).
- JSC ArcelorMittal Temirtau.
- Branch of JSC “Eurasian Energy Corporation” – “Open Mine “Vostochny”.
- JSC “Karazhyra”
- JSC “Maikuben-West”
- JSC “Shubarkol Komir” and “Shubarkol Premium”.
- Kazakhmys Coal LLP (Kazakhmys Coal).
- “Sherubai Komir” LLP.
- LLP “Trade and industrial company “BAS”.
- LLP “Bogatyr Komir”
The Rules for the suspension or termination of an exclusive license for the export of certain types of coal have also been approved.
Thus, the licensor may suspend the exclusive license in the following cases:
- voluntary application of the licensee;
- suspension of one or more documents on the basis of which the exclusive license was issued;
- failure by licensees to submit quarterly, before the fifteenth day of the month following the reporting quarter, a report on the progress of execution of the exclusive license to the licensor;
- indications by licensees of false information in quarterly reports on the progress of execution of the exclusive license;
- presence of a judicial act.
The resolution will come into force on December 1, 2023.
Earlier it was reported that Kazakhstan extended the ban on the export of certain types of coal from November 21, 2023 for a period of six months.
Source and Credit: zakon.kz
