In 2023, auctions for the right to explore and develop fields in Kazakhstan moved online. Until the end of December, bidding for solid mineral deposits and hydrocarbons will be held twice more on the E-Qazyna.kz platform.
The Ministry of Industry and Construction of the Republic of Kazakhstan announced an auction for the right to geological exploration of solid mineral deposits. It will take place on December 20, 2023. Licenses for the use of 53 subsoil plots will be awarded to 52 companies.
Trading on hydrocarbon deposits will take place today – December 14. The Energy Department says eight items were added to the auction instead of the planned 18 because they did not meet the minimum number of bidders.
The total starting amount of the signing bonus for eight subsoil plots was estimated at 352.8 million tenge. It is known that for half of them the minimum requirements for the volume of geological exploration work were calculated – $11 million.
Previously, the Ministry of Industry of the Republic emphasized that electronic trading for subsoil users will help attract investors to new projects in the mining industry, since it is more convenient for businessmen from other countries to participate in them online.
LATEST NEWS
-
Uzbekistan’s $500 Million Quest for Rare Metals
30/04/2024
-
Digitization and unmanned aerial vehicles- how geologists work in Kazakhstan
30/04/2024
-
First Quantum Minerals Launches Extensive Geological Survey Project in Kazakhstan
29/04/2024
-
MetalsTech Secures 10-Year Extension for Sturec Gold Mine Operations in Slovakia
29/04/2024
MOST POPULAR
-
Head of State Kassym-Jomart Tokayev signed the law of the Republic of Kazakhstan “On geodesy, cartography and spatial data”
-
On May 26, 2023, an auction will be held in Astana for granting the right to subsoil use for the extraction of minerals
-
2022 annual review of Kazakhstan’s mining and metallurgy industry
-
Kazatomprom reports production decline in 2022