Tag: mineral investment

  • International Mining Forum Unites 30 Nations in Astana as Kazakhstan Targets Investment and Industrial Upgrade

    International Mining Forum Unites 30 Nations in Astana as Kazakhstan Targets Investment and Industrial Upgrade

    An international mining forum bringing together representatives from 30 countries has opened in Kazakhstan’s capital Astana, with the Kazakhstani government signalling its ambitions to improve the efficiency of mineral resource development, increase processing capacity and attract greater foreign investment.

    The gathering has placed particular emphasis on the presentation of advanced technologies and the establishment of long-term investment partnerships. Experts attending the forum said that ongoing improvements to the country’s digitalisation agenda and licensing system would strengthen Kazakhstan’s appeal to international investors, marking the beginning of a new phase of industrial growth oriented toward sustainable development.

    Tulegyen Mukanov, adviser to the executive director of the Republican Association of Mining and Metallurgical Enterprises, highlighted the breadth of technology on display. “Look at how many companies are exhibiting at this congress — showcasing their technologies,” he said. “We don’t manufacture mining equipment ourselves. All our machinery comes from abroad — Sweden, Japan, America, China. But I’ve noticed some new companies starting up. In Karaganda, they have begun producing spare parts for heavy mining equipment — a kind of renovation sector is emerging.”

    The forum comes as Kazakhstan continues to position itself as a priority destination for critical minerals investment, backed by recent subsoil use reforms, the launch of a unified licensing portal and a tenfold increase in state geological exploration funding announced earlier this year.

  • Mining & Metals Analytical Report Highlights Kazakhstan’s Potential as a Mineral Investment Hub

    Mining & Metals Analytical Report Highlights Kazakhstan’s Potential as a Mineral Investment Hub

    A new analytical report produced by AIFC highlights Kazakhstan’s significant potential to become a leading hub for mineral investment, positioning the country as a crucial player in the global energy transition. The report, which includes what is believed to be the first-ever comparative benchmark of Kazakhstan against major mining jurisdictions like Canada, Chile, Australia, and Indonesia, concludes that while the nation has vast untapped potential, it must take specific steps to fully capitalize on it.

    The report identifies several key actions necessary to support this ambition. These include a strategic focus on active investment in junior mining companies, which are vital for early-stage exploration. The country also needs to provide a stable legal and regulatory framework to attract and retain foreign investment. Finally, Kazakhstan must align its development strategy with its mineral strengths and global trends, focusing on the materials most in demand for clean energy technologies.

    The report’s findings are underpinned by compelling data points that showcase Kazakhstan’s existing role and future prospects in the mining and metals sector. In 2024, the industry attracted $3 billion in gross foreign direct investment, accounting for 17% of the national total. Mining and metals also made up a substantial 12.1% of the country’s GDP last year. Despite its established importance, a staggering 65% of Kazakhstan’s geological area remains unexplored, presenting a monumental opportunity for new discoveries. These domestic figures are set against the backdrop of a global context where an estimated $2.1 trillion in mining investment will be needed by 2050 to meet the demands of a net-zero world.