800 bn tenge investments to be spent for development of geological exploration in Kazakhstan until 2025

AKIPRESS.COM - The government of Kazakhstan will spend foreign investments in the amount of 800 billion tenge for development of geological exploration until 2025, Minister of Ecology, Geology and Natural Resourses Magzum Mirzagaliyev said at the government session.
The government discussed a draft conception of the state program of geological exploration for 2021-2025.
The program will be aimed at providing geological exploration on the territory of Kazakhstan, filling up the mineral resourse base, scientific and research works, as well as social and economic prosperity of the population.
About 200 billion tenge from state budget and about 800 billion tenge from private investments are planned to be spent for implementation of the program.
Implementation of the program will allow to increase the geological exploration of areas from 94.5% to 100%, reveal about 50 leading areas of solid minerals and increase the coverage of geological study of sedimentary basins.