Azerbaijan, Baku, July 4 / Trend E. Kosolapova /
Kazakh Ministry of Industry and New Technologies is ready to launch a legislative mechanism which will allow to provide investors with deposits in exchange for great projects without passing competitive procedures since autumn, Novosti-Kazakhstan quoted Minister of Industry and New Technologies Asset Issekeshev as saying.
"According to the law, we can provide investors with deposits directly without contests, but in exchange for major projects. Currently we are working on the regulatory framework and the first steps in this area will be announced in autumn," Issekeshev said at Mining and Metallurgical Congress opening.
According to the minister, Kazakhstan needs new technologies which allow hard minerals mining at great depths. Moreover, Kazakhstan plans to attract investors in exploration.