Baku, Azerbaijan, Oct. 2
By Elena Kosolapova - Trend:
Kazakhstan has introduced a simplified procedure for granting rights on subsoil use with the annually increasing rate of rent, said the press-service of the ministry for investment and development of Kazakhstan.
The message said that both domestic and foreign investors can participate in the simplified process of obtaining the right on subsoil use.
The procedure for granting the right on subsoil use in Kazakhstan was simplified in order to attract investors to geological exploration.
The city of Stepnogorsk was chosen as a pilot project for holding the new procedure.
"The ore zone located in the area of this settlement is the most promising one for the identification of new deposits, as evidenced by the developed mining industry of the region," said the message.
In addition, the region has the developed infrastructure needed for the development of deposits.
The starting date for applying for subsoil use rights under the simplified procedure for exploration in Kazakhstan was established since November 1, 2015.
The list of subsoil areas provided under the simplified procedure for the exploration of the district of the city of Stepnogorsk, and a list of geological information on these sites, the basic conditions of participation in direct negotiations under the simplified procedure for the exploration is available on the website of the ministry - www.mid.gov.kz .
Edited by CN
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