EBRD allocates funds for analysis of Kazakh mining industry
Kazakhstan, Astana, Dec. 3 / Trend K. Konyrova /
The European Bank of Reconstruction and Development (EBRD) has allocated 500 thousand euro for carrying out of the analysis of the legislation of Kazakhstan governing mining industry. EBRD CEO, Thomas Mirow, informed at the conference Labor Safety and Safety Precautions in the Mining Industry - Best International Practice in the Legislation and Regulation of the Mining Industry, Kazakhstan Today agency reports.
According to T. Mirow, Kazakhstan needs to carry out the detailed analysis of the legislation governing mining industry.
"The key recommendation is review and improvement of the legislation of the mining industry of Kazakhstan. The European Bank with support of the government of Japan suggests the government of Kazakhstan to conduct detailed research and review of the legislation of the mining industry," T. Mirow said.
"It will help to define the spheres where the international advanced experience can help Kazakhstan."
According to him, the EBRD, together with the Kazakh government has already identified a consultant on this project.
"We look forward to the government's approval of the launch of this ambitious and important project," he said.
He said that the causes of accidents depend not only on investment, but also on the position of state structures and domestic law.
Mirow said in 2007 the bank issued a loan worth $ 100 million for the coal mining company Arcelor Mittal in Kazakhstan.
"The EBRD has allocated Arcelor Mittal loan to fund the improvement of health and safety at the Karagand mines and for us it was a shock when last year's explosion at the mine claimed the lives of 30 people" he added.
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