Kazakhstan will auction 50 deposits of gold, copper, coal, and rare metals in June via its Unified Subsoil Use Platform, representatives from the Ministry of Industry and Construction announced at the 15th MINEX mining and geological forum.
These deposits, which already have confirmed mineral reserves, will be offered for extraction under licenses valid for up to 25 years. Participating companies must develop a mining plan and specify the development timeline for each site.
According to the ministry, companies from the United States, the European Union, and China have already applied to participate in the auction.
Almas Kushumov, Director of the Subsoil Use Department at the Ministry of Industry and Construction of Kazakhstan:
“These are deposits with proven reserves. We will auction them for extraction — gold, coal, rare and polymetallic deposits. Soon we will publish detailed information on the Unified Subsoil Use Platform. All interested parties will be able to submit documents online and take part in the auction.”
Experts say that such auctions play a key role in attracting foreign investment to Kazakhstan’s resource sector — especially since some mineral-rich areas have yet to be announced due to incomplete documentation.
Kushumov noted that in 2024 alone, 23 new deposits of solid minerals were officially added to the national register for the first time.
“In terms of gold alone, state reserves increased by 20 tonnes. Every year, based on geological exploration results, new reserves are confirmed, added to the state balance, and then made available for extraction.”
