Session 1 (MINEX Kazakhstan’24)

Funding the next generation of mining projects in Kazakhstan: Policies, Strategies, Experiences

Kazakhstan's strategic position and rich natural resources are key attractions for foreign direct investment (FDI) in its mining and metallurgical industry. Legal reforms, particularly in subsoil use, have opened doors for new investors. The nation's shift to CRIRSCO (KazRC) international standards is set to further attract FDI. The uranium and critical materials are becoming the "new oil" enabling the transition to a green economy. However, the production of these materials in Kazakhstan will require investments and long-term commitments on the part of the state, subsoil users, investors, and local governments. What advantages does Kazakhstan offer to foreign investors to develop exploration, production, and processing projects? What opportunities does the national financial market offer to mining and exploration companies?  How has the increase in mineral extraction tax rates affected the industry and its investment attractiveness as a whole? The session will explore experiences and perspectives from both Kazakh and international companies involved in mining projects within the country.