Session 5 (MINEX Kazakhstan’24)


Session 5 (MINEX Kazakhstan’24)

09:00– 11:00 / 18 April 2024   - Sary Arka 2

Development of Kazakhstani content in subsoil use. Experience and strategies.

Kazakhstan's mining sector is advancing its focus on local content, in line with the nation's Code "On Subsoil and Subsoil Use," which mandates a minimum of 50% local workforce employment by license holders for subsoil use. This is complemented by the Law "On Industrial Policy," aiming to boost local content to 60% in regulated procurement. The industry is shifting towards long-term partnerships, favouring off-take contracts and agreements, a strategy that aims to mitigate supply chain disruptions. Additionally, there's an expectation of a 40% increase in participation by local medium and small manufacturing enterprises due to the localisation of products used by subsoil operators. This evolving landscape necessitates the development of financing practices tailored to off-take contracts, presenting a new challenge for mining companies, financial institutions, and the government. The key question remains: are these entities prepared to adapt to and support this changing dynamic, ensuring sustainable growth and enhanced local participation in the sector?


Moderator: Tony Thornton, CEO THORNTREE, KCM Advisory Board Member

Session Language: English, Russian (simultaneous translation provided)

Welcome Remarks: 09:00 – 09:05

  • Taskyn Koshman, General Director, Kazakhstan Chamber of Mines

09:05 – 09:40 Topic 1: Mining Industry Prospects and Opportunities

Keynote Speakers:

  • Michael Douglas, CEO Xcalibur Kazakhstan

Discussion: Explore Kazakhstan's industrial policies and how they affect the mining sector. Highlight Kazakhstan's potential in the global mining market to meet the growing demand for metals, focusing on the advantages of strategic policy and infrastructure enhancements.

09:40 – 10:15 Topic 2: Critical Mineral Production and Clean Energy Transition

  • Nikolai Kirillov, Senior Consultant Environmental Specialist, SRK Consulting (Kazakhstan)

Discussion: Explore Kazakhstan's potential in critical mineral production amid the shift towards clean energy, highlighting opportunities for partnership with the EU, UK, and US while considering associated risks and rewards. 

10:15 – 10:55 Topic 3: The current state of the worldwide mining industry and how it relates to Kazakhstan

Keynote Speakers:

  • Mr. Tim Barry, CEO Arras Minerals, KCM Advisory Board Member
  • Ms. Bizhanova Gulnara, Deputy Chairman of the Board NCE Atameken

Discussion: Examine global and local mining regulations, focusing on their impact on industry operations and investment. Discuss Kazakhstan's position in the global mining landscape, highlighting its strengths and contributions. Consider future trends and opportunities for the mining industry, with a focus on Kazakhstan's potential for development and leadership.

10:55- 11:00 Closing Remarks

Tony Thornton
Independent Consultant

09:00 - The ongoing engagements of the Kazakhstan Chamber of Mines.

Taskyn Koshman
General Director
Kazakhstan Chamber of Mines

09:05 - Critical Mineral Production and Clean Energy Transition

Nikolai Kirillov
Senior consultant (Sustainability)
SRK Consulting (Kazakhstan)

09:25 - Mining Industry Prospects and Opportunities

Michael Douglas
Managing Director Central Asia
Xcalibur Smart Mapping

10:15 - The current state of the world wide mining industry and how it relates to Kazakhstan

Tim Barry
CEO & Director
Arras Minerals Corp.

10:35 - Prospects for increasing Kazakhstani content in the mining and metals industry

Gulnara Bizhanova
Deputy Chairman of the Board