Metals and mining, Geological prospecting
In 2016, state financing of geological exploration remained at the level of 2015 and amounted to 26 billion rubles, said the head of the Ministry of Natural Resources Sergei Donskoy at the Board&rs
By 2020, 16.2 billion rubles will be spent on the reproduction of the mineral resource base and geological study of the depths of the Far East.
Currently Rio Tinto intends to invest more than $ 100 million into geological exploration in 14 countries around the world, where the company works, including Kazakhstan.
The plans of the state-owned holding company Rosgeologiya to occupy a significant place in the shelf development are under threat.
In the past 3 years the company invested 4 bln roubles into geological exploration.
In the framework of the official visit of the Kazakhstani President to Japan on November 8th there was a meeting of the Minister for Investment and Development of Kazakhstan Zhenis Kasymbek and cha
In 2016 Alrosa plans to keep investment into geological exploration at the level of 2015 – 7 bln roubles, the Vie-President R. Gizatullin said.
Urantsvetmet is a partner in the exploration projects of Norilsk Nickel, Alrosa, Polyus and other large and not very large Russian mining companies.
The amount of financing of exploration works should be increased in 2017. This was stated by the head of the Ministry of Natural Resources Sergei Donskoy.
In the coming years, Kazakhstan expects private investment in the amount of 900 billion tenges in exploration, the website of the Prime Minister of Kazakhstan reports with reference to the Minister for Investment and Development of Kazakhstan Asset Issekeshev.
"The development of geological sector is a fundamental factor in the economic development of the country. (...) Today, on the exploration program, which is implemented in Kazakhstan from 2015 to 2019, 120 billion tenges are allocated from the budget. We expect that at the expense of private investment 900 billion tenges more will be invested,"- he said.