Investments surpass 12 billion tenge funneled into geological sector
In Kazakhstan, the geological industry has displayed impressive growth and garnered substantial interest from international investors. This expansion is largely due to the efforts of the Ministry of Industry and Infrastructure Development, who have been diligently working to boost the attractiveness of subsoil use investments.
significant international companies, such as Rio Tinto Mining and Exploration Limited from the UK, FQM Kazakhstan Limited and Arras Minerals Corp. from Canada, Sarytogan Graphite Limited, Hidden Owl Pty Ltd, and IG Asia LLC from Australia/Singapore, Esan from Turkey, and other European players, have recently entered Kazakhstan. These enterprises have secured exploration licenses for solid minerals and invested approximately 12 billion tenge in geological exploration work. Their projects primarily focus on investigating promising subsoil areas for future development, offering potential economic benefits for the country and regional growth.
The extensive geological and geophysical study of Kazakhstan plays a crucial role in the growth of investment activity. The study area is expected to reach 2,038.2 thousand square kilometers by 2025, a 0.6% increase from the end of 2024, through annual government-funded regional geological research consisting of deep and mineralogical mapping, as well as search and thematic work.
Kazakhstan aspires to strengthen its international geological standing, offering investors transparent regulations, open digital infrastructure, and substantial subsoil potential. The country's ambitious exploration programs for 2025, which include multi-commodity targets like copper and uranium, are supported by advanced geophysical surveys and drilling campaigns, such as those led by C29 Metals.
As Kazakhstan positions itself as a primary destination for international investment in mining and geological exploration, it bolsters efforts to attract foreign investors. Key drivers of this growth include substantial private investments of around $1 billion in recent years, expanded exploration licensing, progressive legal and regulatory reforms, a well-developed workforce and infrastructure, and strategic international cooperation.
Kazakhstan's strategic partnerships, strong bilateral trade and investment relations with the EU, and hosting of international mining congresses further signal its commitment to facilitating knowledge exchange and partnerships. The country's potential as a top global producer of rare earth minerals, rapid expansion of its exploration area, and modernized, transparent, and investor-friendly mining framework position Kazakhstan as an attractive destination for foreign investors.
Science and finance intersect in Kazakhstan as significant international companies, such as Rio Tinto Mining and Exploration Limited, FQM Kazakhstan Limited, Arras Minerals Corp., Sarytogan Graphite Limited, Hidden Owl Pty Ltd, IG Asia LLC, Esan, and other European players, are investing in geological exploration work, leveraging science to secure exploration licenses for solid minerals and driving economic growth through projects that focus on investigating promising subsoil areas.
The geological industry's growth in Kazakhstan is fueled by extensive geological and geophysical studies, which form the foundation of ambitious exploration programs aimed at strengthening Kazakhstan's international geological standing and attracting more finance for future mining and geological exploration endeavors.
