Topical Issues of Subsoil Use to Be Discussed at the Meeting with Participation of Deputies of the Senate of the Parliament of the Republic of Kazakhstan

An expanded field meeting was held at the production site of the Tau-Ken Altyn refinery with participation of members of the Senate Committee on Economic Policy, Innovative Development and Entrepreneurship, Ilyas Ospanov, the Vice Minister of Industry and Construction, Yerlan Akbarov, the Chairman of the Geology Committee, representatives of Samruk-Kazyna JSC and JSC NMC Tau-Ken Samruk.

The meeting participants discussed topical aspects of subsurface use – the problem of replenishing the country’s mineral resource base, the features and prospects of the domestic mining and metallurgical complex, measures taken to attract investment in exploration and issues of further improvement of the activities of the National mining company.

Bakyt Chirchikbayev, the Chief Executive Officer of JSC NMC Tau-Ken Samruk, spoke in detail about the company’s areas of work and plans for the future. The company intends to continue active work with domestic and foreign investors, focusing on exploration projects and development of the rare and rare earth elements sector.

Bakyt Chirchikbayev also voiced problems, the solution of which at the legislative level will help Kazakhstan significantly strengthen the investment attractiveness of geological exploration and the mining and metallurgical complex as a whole.

In particular, this is a whole block of taxation issues, de-bureaucratization and simplification of procedures related to obtaining licenses and contracts for subsurface use. In addition, the openness and accessibility of geological information has not yet been fully ensured.

In turn, the senators noted that they are ready to continue the dialogue and will take into account these problems and proposals in further legislative activities.