Kazakhstan to Auction 26 Metal Deposits
The Ministry of Industry and Construction announced an electronic auction for 26 Kazakhstani deposits that contain reserves of gold, silver, lead, zinc, and other solid minerals, Orda.kz reports.
Applications for participation in the auction will be accepted until January 15, 2025, and the electronic auction will be on January 29, 2025, on the web portal of the state property registry e-qazyna.kz.
The Ministry of Industry and Trade assured that after the auction, the protocols with the auction results for each deposit will be published on the ministry's official website. The names of the winning companies and the final amounts of the signature bonuses will be indicated on the website.
The Ministry of Industry and Construction added that potential buyers must meet additional obligations if deposits with rare earth metals are auctioned.
According to the requirements, investors must process and produce metallurgical products at their facilities or build a plant in Kazakhstan.
Additional obligations act as a guarantee of processing rare earth metals within the country, and not just mining and exporting ore abroad,
The Ministry of Industry and Trade noted.
The department added that if the auction winner fails to pay the final amount of the signature bonus, priority will pass to the next participant.
Original Author: Rimma Karatayeva
Latest news
- Kanye West Gets Almaty Stadium as FC Kairat Heads to Turkestan
- Shymbulak Cable Car Extends Summer Schedule
- National Bank Explains Why Kazakhstanis Are Bracing for Higher Prices
- Could EU Sanctions Disrupt Kazakhstan’s Electricity Supply from Russia?
- Kazakhstan Freezes NCOC Assets Over Kashagan Environmental Fine
- Colleges in Kazakhstan Allowed to Rent Out Sports Facilities
- Oil Production Limits May Be Reduced for 7 OPEC+ Countries
- China Restricts Exports to 14 EU Entities After New Sanctions
- Police Raid on Steel Plant Raises Concerns Among Chinese Investors in Kazakhstan
- Companies in Kazakhstan and Kyrgyzstan Included in New EU Sanctions Package
- U.S. Imposes Tariffs on Kazakhstan Over Its Forced Labor Import Rules
- Kazakhstan’s Oldest Botanical Garden Receives Long-Awaited Protected Status
- Astana Gets a Third of Its Monthly Rainfall in One Day
- CPC Terminal Suspends Loading Over Tanker Safety Risks
- How Much Do Kazakhstan’s Banks Charge Businesses for QR Payments?
- Company Linked to Aliya Nazarbayeva and Failed Luxury Clinic Project Liquidated in Switzerland
- Coal, Servers and Billions: How Kazakhstan Plans to Join the Global AI Race
- Billions Sent Abroad: Where Kazakhstan’s Money Transfers Go
- Fuel Smuggling Attempts Rise Amid Regional Shortages
- Kazakhstan Moves to Prevent Satellite Communications Gap
