Address of the President

Special attention should be paid to geological exploration. In 2018, new legislation on the management of the mining sector was adopted in order to replenish the mineral resource base. However, it has not been fully implemented. As a result, for a long time there were no significant geological discoveries in our resource-rich country. This situation must be changed urgently.
It is necessary to modernize the mining sector management system as soon as possible.
In most countries, private companies are the main driving force of the industry. Therefore, attracting major private investments will be crucial for unlocking the sector’s potential. To achieve this, flexible regulatory and fiscal conditions are required. Investors conducting geological studies at their own expense should be granted priority rights to subsoil use. The timelines and procedures for project approvals should be reduced by half through the introduction of comprehensive state expertise and the full digitalization of the process.
The Government’s task is to increase the area covered by geological and geophysical studies from the current one and a half million to at least 2 million 200 thousand square kilometers by 2026.

President of the Republic of Kazakhstan
Kassym-Jomart Tokayev