Deputy Minister: Kazakhstan expects good outcome in geological survey

Photo: Deputy Minister: Kazakhstan expects good outcome in geological survey / Economy news

Astana, Kazakhstan, Feb. 4
by Daniyar Mukhtarov - Trend:

A great discovery is expected in Kazakhstan's exploration work, Kazakh Deputy Minister of Industry and New Technologies Nurlan Sauranbayev said at a press conference in Astana on Tuesday.

"That is the conclusion of McKinsey & Company that if exploration is launched in Kazakhstan in the coming years, then at least 15 large companies such as Kazakhmys and ENRC will have considerable work in the country for many years," he said.

Kazakhmys and ENRC are the largest Kazakh mining companies in the field.

"The matter rests not only in the poly metallic ore deposits, but also the oil and gas industry," he said.

"The Geology Committee together with KazMunaiGas specialists have completed the first stage of operations to examine the sedimentary basins," he added. "I can say that a great outcome is expected in this area."

Translated by NH
Edited by SM

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