Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

About 800 billion tenge of private investment to be attracted to geological exploration development in Kazakhstan until 2025

Tuesday, 18 February 2020, 09:37:55

At the Government session chaired by Prime Minister Askar Mamin, a draft Concept of the State Geological Exploration Program for 2021-2025 was considered.

The concept was introduced by the Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev, reports on the relevance of approaches to the development of exploration in Kazakhstan were made by the President of the Kazakhstan Society of Petroleum Geologists Baltabek Kuandykov, Commercial General Manager of Shell Kazakhstan Aidan Murphy, General Director of Kazakhmys Barlau Galym Nurzhanov, Akims of the East Kazakhstan Region Daniyal Akhmetov, Karaganda Region – Zhenis Kassymbek, Chair of the Board of JSC SWF Samruk-Kazyna Akhmetzhan Yessimov, Deputy Prime Minister Roman Sklyar.

The State Geological Exploration Program for 2021–2025 under development will be aimed at ensuring geological exploration of the territory of Kazakhstan, replenishing the mineral resource base (increase in mineral reserves), scientific and research support for geological exploration of mineral resources, automation and digitalization, development of infrastructure and staffing for the geological industry, and also ensuring the socio-economic well-being of the country's population.

For the implementation of the state program, it is planned to allocate about 200 billion tenge from the state budget, as well as attract about 800 billion tenge of private investment.

The implementation of the State program will increase the geological additional exploration of areas from 94.5% to 100%, deep, geological and mineralogical mapping from 25.8% to 37%, reveal about 50 promising areas of solid minerals, increase the coverage of geological exploration of sedimentary basins: developed – up to 60%, little studied – up to 10%.

Growth is expected in forecast resources, including, gold – 200 tons, copper – 5 million tons, polymetals – 5 million tons, uranium – 50 thousand tons, hydrocarbons – 700 million tons. The number of employees in the geological exploration sphere will increase from 190 thousand to 250 thousand people.

“The first President – Elbasy Nursultan Abishevich Nazarbayev set the task of increasing the efficiency of traditional extractive industries and bringing Kazakhstan to the world geological exploration market. The Head of State Kassym-Jomart Kemelevich Tokayev instructed the Government to develop a state exploration program. The oil and gas and mining and metallurgical sectors must be provided with a sustainable raw material base. Existing deposits are gradually depleted. Moreover, at present, the knowledge of the territory of Kazakhstan is a little more than 25%,” said Mamin.

The prime minister emphasized that the effective implementation of the State Geological Exploration Program will allow attracting additional private investments of up to 4 tenge per 1 invested tenge. Replenishment of the country's mineral resources base, in particular, near single-industry towns, will have a positive impact on the economy and become a real basis for the development of industries.

“When the fields are discovered, new production complexes will be created, which will attract up to 6 trillion tenge of investments and create about 20 thousand additional jobs,” Mamin emphasized.

The prime minister noted the need to use new methods of geophysical research and remote sensing of the Earth when conducting geological exploration.

The prime minister instructed the Ministry of Ecology, Geology and Natural Resources by May 31, 2020, to ensure the introduction of the draft state program in the Government.


News feed
02 March 2021, 11:00
In Kazakhstan, it is planned to double export of products and income of agricultural workers in five years
02 March 2021, 10:37
Kazakhstan takes 39th place in 2020 Ranking of Economic Freedom
02 March 2021, 10:22
Government considers measures to develop primary health care
02 March 2021, 09:38
Askar Mamin: Over 4 trillion tenge of investments planned to be attracted to agro-industrial complex until 2025
01 March 2021, 15:37
Government session to be held March 2 in Ukimet Uyi
01 March 2021, 15:34
Prime Minister of Kazakhstan Askar Mamin meets with Head of Roscosmos Dmitry Rogozin
01 March 2021, 15:14
Review of Kazakhstan’s healthcare system: Results of 2020 and plans for 2021
01 March 2021, 10:07
Yerzhan Birzhanov appointed vice minister of labor and social protection of the population of Kazakhstan
01 March 2021, 08:26
Prime Minister Askar Mamin congratulates people of Kazakhstan on Day of Gratitude
25 February 2021, 13:31
Murat Nurtileu appointed Deputy Head of the Presidential Administration of the Republic of Kazakhstan
25 February 2021, 10:29
Alibek Kuantyrov appointed Vice Minister of National Economy of the Republic of Kazakhstan
25 February 2021, 10:02
Meirzhan Yusupov relieved as Vice Minister of National Economy of the Republic of Kazakhstan
24 February 2021, 18:18
Yeraly Tugzhanov chairs meeting of Interdepartmental Commission on Preventing the Spread of COVID-19
23 February 2021, 10:30
Government considers readiness for flood period
23 February 2021, 10:00
It is planned to build 17 million square meters of housing in 2021 in Kazakhstan
23 February 2021, 09:30
Government, National Bank and Agency for Regulation and Development of Financial Market sign Agreement on Coordination of Macroeconomic Policy
22 February 2021, 22:43
Healthcare, employment and social support — socio-economic development of Nur-Sultan in 2020
22 February 2021, 17:02
Government session to be held Feb. 23 in Ukimet Uyi
17 February 2021, 16:55
Prime Minister Askar Mamin inspects development projects in Shymkent and Turkistan
16 February 2021, 21:49
Prime Minister of Kazakhstan Askar Mamin holds telephone conversation with Prime Minister of the Russian Federation Mikhail Mishustin
16 February 2021, 12:24
Ministry of Finance: Plans for local budget revenues exceeded in all regions of the republic
16 February 2021, 12:01
Path of Change: Decent Life for Everyone: Government approves Roadmap for Implementation of Nur Otan Party's Pre-Election Program
16 February 2021, 11:45
Small and medium-sized businesses are main source of job creation and increasing incomes of the population — Aset Irgaliyev
16 February 2021, 11:23
87% of withdrawn savings to be used by citizens to solve housing issues — National Bank of Kazakhstan
16 February 2021, 11:04
Timur Zhaksylykov appointed first vice minister of national economy of the Republic of Kazakhstan
16 February 2021, 10:13
In January 2020, basic sectors of Kazakhstan’s economy retained their growth dynamics
15 February 2021, 22:07
Government session to be held Feb. 16 in Ukimet Uyi
13 February 2021, 10:23
Business representatives can participate in PPP projects by investing 20% ​​from their own funds — Tursynbaev
12 February 2021, 13:38
Prime Minister of Kazakhstan Askar Mamin presents Roadmap for Implementation of Pre-Election Program of Nur Otan Party
11 February 2021, 19:02
Maintaining position of grain nation, focus on import substitution and possibilities of agro-industrial complex — results of last year and plans for 2021
11 February 2021, 02:34
Social payments for period of emergency by the end of 2020 assigned to more than 4.6 million people
09 February 2021, 17:25
Askar Mamin chaired a meeting of Project Office on Entrepreneurship
09 February 2021, 11:08
System of auctions made it possible to achieve significant reduction in prices for green economy — Ministry of Energy
09 February 2021, 09:55
Systemic work on development of renewable energy is needed — Askar Mamin
09 February 2021, 09:31
Over 700 thousand business entities in Kazakhstan received tax incentives
08 February 2021, 23:55
Housing construction in Kazakhstan in 2020: Trends and features
08 February 2021, 20:08
Government session to be held Feb. 9 in Ukimet Uyi
07 February 2021, 00:20
Growth in industry, employment and modernization of healthcare system — how economy of Almaty developed during pandemic
05 February 2021, 15:57
Askar Mamin: Priorities of Kazakhstan's chairmanship in EAEU take into account challenges and opportunities in the new conditions
05 February 2021, 15:16
Annual Digital Almaty forum: How heads of government discussed digital transformation
05 February 2021, 11:51
Kazakhstan took 29th place in the UN rating on e-government development
04 February 2021, 22:00
Common economic space, time limits and mutual trade — new opportunities for citizens and business within EAEU
04 February 2021, 19:36
Prime Minister of Kazakhstan Askar Mamin held talks with Prime Minister of the Russian Federation Mikhail Mishustin
04 February 2021, 16:28
Askar Mamin chairs meeting on development of Almaty region
04 February 2021, 15:46
Askar Mamin instructs to timely and efficiently implement development projects in Almaty
03 February 2021, 11:05
Nariman Zhunussov appointed chair of Fisheries Committee of Ministry of Ecology, Geology and Natural Resources
03 February 2021, 10:51
Shavkhat Utemisov appointed chief of staff of the Ministry of Ecology, Geology and Natural Resources
03 February 2021, 10:21
Askar Tynysbekov appointed chair of the Committee for Consumer Protection of the Ministry of Trade and Integration
02 February 2021, 23:41
Infrastructure development, introduction of digital technologies and support for SMEs — development of Shymkent for 2020
02 February 2021, 11:15
Government considers measures to implement decisions of Supreme Council for Reforms
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.