A specialized geological
information repository is set to be built in Kazakhstan. The city
administration of Astana intends to allocate a land plot for its construction
this month, according to the country’s Ministry of Industry and Construction.
This development is expected to provide the industry with modern
infrastructure, including a digital one. Specialists highlight ongoing
advancements in the subsoil study in Kazakhstan. For example, proposals include
conducting remote sensing of soil for each land plot. There are also plans to
begin airborne geophysical surveys in the territory of the Northern Balkhash
region and the Kalba-Narym ore zone. Such efforts will help identify new prospects,
especially for rare earth raw materials.
“The Head of State has instructed
to increase Kazakhstan's explored area to 2.2 million square kilometers by
2026. The entire territory of the country available for subsoil use has been
included in the State Fund Management Program to boost investments in this
field. This is an open territory, considering the restrictions and prohibitions
provided by legislation, which amounts to 1.9 million square kilometers.
Technical adjustments will be carried out on a regular basis,” the Kazakh Industry
and Construction Ministry’s Geology Committee Chairman Yerlan Akbarov said.
Overall, two auctions for 74
subsoil plots, with the signing bonus amounting to approximately 3.5 billion
tenge, were held in Kazakhstan last year. Auctions for the 23 returned deposits
are scheduled for the end of June. There are also plans to put 83 reserve
deposits up for open sale. Over five years, state financing of geological
exploration amounted to around 52 billion tenge, while investments in
exploration from subsoil use reached 357 billion tenge.
