— Recently I was in the state of Arizona, this is one of the mining regions of the United States. I have heard from a number of companies that they are exploring opportunities in the mining sector of Kazakhstan. But they have a lot of questions. I told them that there are wonderful reserves and mineral resources in Kazakhstan, which are very important for the transition to green energy,” said the US Ambassador at the conference of the Kazakhstan Chamber of Mines.
He noted that Kazakhstan has made great progress in digitalization over the past few years, and this attracts investors.
— The US agency is in the process of implementing partnership projects to help further develop the mineral potential of Kazakhstan. “I also told companies that I hope that Kazakhstan will take further steps to realize the full potential in the mining sector with a focus on improving investment conditions,” Daniel Rosenblum emphasized.
The Ambassador also shared his views on how Kazakhstan can maximize its potential in attracting investment.
— First of all, this is ensuring transparency. Investors love predictability and visibility in decision-making, laws, and taxation. We often hear from private sector partners that they want maximum transparency and equal and fair implementation of laws. This is very important, US investors want to see a fair market so that they are protected from arbitrations and legal proceedings in courts. Of course, we must take into account that investments are opportunities to attract large taxes for the country,” he emphasized.
Also, he said, American investors want to see the expansion of the private sector in mining to stimulate innovation and create new creative opportunities.
“It is also very important to improve efficiency and demand accountability from shareholders and managers. In this regard, the government is taking concrete steps to reduce its presence. More privatization in the mining sector will also have a positive impact on the attractiveness of the sector. We look positively on Kazakhstan’s current focus on inviting and stimulating international investment in this sector,” concluded Daniel Rosenblum.
