30.06.2010, 13:37 7067

State to take away deposits from careless subsoil users

The state intends to take away deposits from careless subsoil users, who do not carry out their contract obligations. The President of Kazakhstan, Nursultan Nazarbayev, said at the first Kazakhstan International Congress on Mineral Resources and Metallurgy, the agency reports.

Astana. June 30. Kazakhstan Today - The state intends to take away deposits from careless subsoil users, who do not carry out their contract obligations. The President of Kazakhstan, Nursultan Nazarbayev, said at the first Kazakhstan International Congress on Mineral Resources and Metallurgy, the agency reports.

"I introduced moratorium for a certain time on granting of deposits development as some people purchased deposits, but are now not carrying out their contract obligations. We will be taking away such deposits from careless contractors and give them to those who will be more effective in using these deposits," N. Nazarbayev said.

He reminded that the key condition of granting of the subsoil use rights is performance of the following obligations: development of technologies, observance of the level of Kazakhstan's share, and observance of the nature protection legislation.

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