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.