Kazakhstan plans to offer preferences for exploration and development projects Prime Minister of Kazakhstan Olzhas Bektenov has ordered the government to revisit approaches to geological exploration and provide preferences for the exploration and development of difficult deposits."We should understand that geological exploration is associated with high geological and financial risks. According to world statistics, exploration projects are only 20-30% successful, and that is why such projects need support, favorable conditions for investment, new incentive mechanisms and necessary amendments to the legislation. The ministries of industry and energy need to develop specific mechanisms and propose necessary amendments to the legislation in order to attract investment in the geological exploration sector, which would include preferences for the development of "deep" horizons and difficult deposits," Bektenov said at a Tuesday meeting of the government.The press service of the government told Interfax-Kazakhstan that such measures will include "a full package of government support mechanisms so that enterprises can develop difficult deposits", and the government support will primarily be directed at geological exploration.The prime minister instructed the concerned government agencies and the Samruk-Kazyna Fund to create a specialized accredited laboratory for rock analysis and to organize a scientific ecological and geological cluster on the basis of the National Geological Service.By the end of the year, the government will have developed a mechanism for financing and conducting airborne geophysical surveys. The government agencies and the National Geological Service were instructed to speed up the digitalization of historical data and to ensure that this database is kept safely.To date, the area of explored subsoil in Kazakhstan has reached 2 million square kilometers and President Kassym-Jomart Tokayev ordered the government earlier to increase the explored area up to 2.2 million square kilometers by 2026, Bektenov said. (ICE ALMATY)

Fonte notizia: Interfax