By the end of the first summer month, the Ministry of Industry and Infrastructure Development will showcase more than 100 mineral deposits at an auction, including 23 returned and 83 reserve sites. This announcement was made by the head of the Ministry’s Committee of Geology, Erlan Akbarov, during a briefing at the SCC. All auctions will enforce commitments to ensure production levels do not fall below the average national output. Prospective bidders are reminded of the obligation to allocate funding for the development of regional social infrastructure. In 2023, the Ministry organized two auctions, offering 74 potentially valuable sites, with total subscription bonuses amounting to around 3.5 billion tenge, as reported by the Ministry’s press center. Mr. Akbarov stated that nearly 10 billion tenge is allocated annually for state geological exploration of mineral resources. Over the past five years, approximately 52 billion tenge has been invested in this sector, equating to 8 per square kilometer. Notably ,mineral rights holders have spent significantly more on geological exploration activities over the five−year period, totaling 357 billion tenge.
LATEST NEWS
-
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
-
Women Lead Fight Against Copper Mine Pollution in Eastern Serbia
29/04/2024
-
Aurubis Launches Ambitious Investment Program in Bulgaria
29/04/2024
