Kazakhstan appoints new Deputy Minister of National Economy

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• granting strategic investors implementing large industrial and innovation projects valued at over 14.5 million MCI a priority right to explore and extract solid minerals;
• increasing the share of domestic content in works and services from 50% to 70% during exploration and extraction of minerals, including uranium;
• introducing mechanisms for conducting electronic auctions to grant subsoil use rights;
• granting subsoil use rights for facilities involving technogenic mineral formations located within populated areas;
• strengthening liability for concealing or deliberately providing false information on subsoil and subsoil use in reporting;
• prohibiting the extraction of rock mass and/or the movement of soil at solid mineral exploration sites without authorization or in violation of permit requirements, and other related provisions.

The Head of our State, Kassym-Jomart Tokayev, emphasizes the need for comprehensive implementation of the EAEU Treaty and the expansion of foreign economic cooperation with third countries. Overall, over the entire period of the EAEU’s operation, Kazakhstan’s mutual trade with member states has grown by 90%. We need to maintain the momentum of joint work aimed at strengthening economic cooperation, eliminating barriers, and developing mutual trade," Olzhas Bektenov noted.