Kazakhstan remains an attractive mining destination but investor confidence is shaken by attempts to roll back reforms, tax uncertainties, and inconsistent R&D funding. Industry leaders call for stable rules, clear taxation, and continued open dialogue with government to ensure sustainable growth.
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Kazakh Minister of Industry and Construction Yersayin Nagaspayev introduced a wide range of reforms aimed at strengthening special economic zones (SEZs) and expanding rare-earth metal production during a government meeting on Sept. 9, chaired by Prime Minister Olzhas Bektenov
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A new analytical report positions Kazakhstan as a potential leader in mineral investment, but warns that the nation must actively support junior mining companies, establish a stable legal framework, and strategically align with global trends to unlock its vast, unexplored geological potential.
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This initiative reflects our commitment to modernising industry and infrastructure while building a research base capable of supporting high-technology sectors.
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This week alone, three other major prospective gold deposits have also been auctioned. The Temirchi site in Navoi region fetched 67.78 billion soums, while the Terekli site near Almalyk surged almost 20-fold to 81.8 billion soums.
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Montenegro plans new mining laws to align with EU standards, strengthen sustainability, and tap critical mineral resources vital to Europe’s energy transition.
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Kazakhstan is set to double copper production by 2030 as it launches major new mining projects and boosts exploration spending.
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Following the audit, the Supreme Audit Chamber developed necessary recommendations and directives aimed at improving the field of geological exploration and subsoil use, and is monitoring their implementation.
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