Plenary session 2 (MINEX Kazakhstan’24)

Incentives and prospects for acceleration of geological exploration in Central Asia with the participation of national and foreign subsoil users

Kazakhstan is implementing new strategies to enhance geological prospecting and develop tailings, vital for the mining industry's sustainable growth and the country's economic security. The discovery of new mineral deposits is crucial for attracting investments. By 2026, Kazakhstan aims to extend its geologically explored territory to 2 million square kilometres, focusing on the exploration of rare and rare-earth metals. However, experts suggest that the 2018 geological legislation isn't fully effective, prompting the government to take urgent steps to revamp the mining sector's management. Recognising the potential in tailings, the government is also looking to capitalise on this resource. To facilitate these initiatives, there is a need for a concerted effort to bolster the sector's growth and secure long-term economic benefits.