Kazakhstan holds over 4,500 deposits of unique minerals, President
The government of Kazakhstan is set to improve the investment climate in the manufacturing field, Head of State Kassym-Jomart Tokayev said at the Foreign Investors’ Council meeting in Astana, Kazinform News Agency correspondent reports.
Kazakhstan holds unique mineral resources, numbering 4,500 deposits. We work to make the regulation of exploration and excavation of natural resources as one of the most streamlined, progressive and transparent in the world. To this end, private investments in geological exploration have exceeded 1 billion US dollars in just six years. Almost 1.6 million square kilometers of Kazakhstan’s territory are available for geological studies, stated Tokayev.
According to the President, global investors such as Rio Tinto, Fortescue, HMS Bergbau, Kratos Resources, Cove Capital have already entered the Kazakhstani market.
I’m well-aware that the government still has some weaknesses in this key sector, which our country is ready to examine closely, so as to properly address them and improve the investment climate in this particular sector, said the Kazakh President.
President Kassym-Jomart Tokayev previously stated that Kazakhstan is to continue the work to improve its investment climate.
Earlier it was reported that the 36th plenary meeting of the Foreign Investors' Council (FIC) under the President of Kazakhstan kicked off at the Palace of Independence in the Kazakh capital of Astana.
Established in 1998, the Foreign Investors' Council provides direct dialogue between the Kazakh government and foreign investors for efficient settlement of problematic issues related to their investment activity in the country and better investment climate in Kazakhstan.