Global industrial giants are
expressing interest in Kazakhstan’s geological exploration sector. On December
20, an electronic auction was held on the country’s E-Qazyna.kz platform, with
major companies from the U.S., the UK, Australia, and Turkey competing for
exploration rights to 45 sites. The auction concluded with a signing bonus of
approximately 2.5 billion tenge, as reported by the Kazakh Ministry of Industry
and Construction. According to experts, the successful engagement of the major
global players underscores the growing importance of Kazakhstan on the world
stage and contributes to the influx of foreign investments. Private funds will
play a role in advancing technological progress and ensuring the sustainable
development of the country’s mining industry. It is worth reminding that
attracting large foreign investors to the geological sector is one of the
instructions given by Kazakh President Kassym-Jomart Tokayev.
“We can supply the market with
critical raw materials, including copper, aluminum, and, most importantly, rare
earth metals, referred to as the new oil, as emphasized by the Head of State.
We are actively engaged in studying our territory, specifically focusing on
these elements,” said Iran Sharkhan, Kazakh Vice Minister of Industry and
Construction.
Web-editor: Aizhan
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