Kazakhstan has a rich mineral resource base, and this is its strategic advantage. This opinion was expressed by the President of the Republic, Kassym-Jomart Tokayev, during his address to the nation.
According to the head of state, Kazakhstan must change its approach to geological exploration.
It is obvious that searching for new deposits using outdated methods will not bring positive results. We must transform geology into a high-tech industry.
This refers to the use of advanced subsoil research methods and data openness. Private capital must be attracted to the search for new deposits, Tokayev added.
The President called for the establishment of a National Reserve Management System and for developing mechanisms for long-term financing of projects in the mining and metallurgical sector.
It is important to ensure guaranteed demand for domestic manufacturers through offtake contracts. This is one of the main tasks facing the Government.
The President also supported experts who consider the creation of a Non-Ferrous and Rare Earth Metals Fund to be crucial. The ultimate goal of this work is Kazakhstan's full integration into global production chains, he concluded.