Investments in Kazakhstan’s mining industry on rise

Investments in Kazakhstan’s mining industry on rise

Investments in Kazakhstan's mining sector have increased by 20% this year, as announced at the MINEX Kazakhstan international forum in Astana. The event, held for the 15th time, attracted representatives from 200 companies across 30 countries. Experts attribute this interest to Kazakhstan's vast reserves of minerals, uranium, copper, and rare earth metals, along with its significant potential in the sector. Major international companies are already conducting exploration and preparing for large-scale projects. Beyond its rich resource base, Kazakhstan is also actively sharing and adopting international expertise, ranging from digitalization to new industry standards.

«Kazakhstan is one of the first countries in the Central Asian region to take a slightly different, more promising development path, in our view. This approach ensures that science does not develop independently but in collaboration with industry. Kazakhstan has likely already partially adopted international practices from the European Union (EU), where funds for modernization, growth, and innovation are specifically allocated through tenders and consortia, with direct participation from manufacturers,» said Arthur Poliakov, Chairman of the MINEX Kazakhstan Forum.

«We work very closely with the Geological Survey of Finland, as well as the French, British, and American geological services. This international cooperation is very valuable to us. They assist us in training, implementing new technologies, and, most importantly, in adopting the standards that unite geology worldwide,» said Yerlan Galiyev, Chairman of the National Geological Service.