Kazakhstan expects 900 billion tenges of private investments into exploration
Edited by Rhod Mackenzie / 2016-04-01 12:21:21
Kazakhstan Kazakhstan mineral extraction Metals and mining Oil and Gas Kazakhstan Oil and Gas Kazakhstan Metals and Mining Geological prospecting
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.
