Kazakhstan’s gold reserves estimated at 9.5 thousand tons

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ASTANA (TCA) — Projected gold reserves in Kazakhstan are estimated at 9.5 thousand tons, the Chairman of the Committee of Geology and Subsoil Use of the Ministry of Investment and Development of Kazakhstan Bazarbai Nurabayev said during the 7th mining forum MINEX 2016 in Astana on April 20, the official website of the Prime Minister of Kazakhstan reported.  

He also said that Kazakhstan’s copper resources are estimated at 100 million tons and resources of zinc and lead at 135 million tons and 50 million tons, respectively.

Potential hydrocarbon resources in Kazakhstan’s Caspian basin are estimated at 63 billion tons of fuel equivalent.

On April 19, the Ministry of Investment and Development announced a new auction for 101 areas of subsoil use, which will be held in June this year, Minister of Investment and Development Aset Isekeshev said at the MINEX Central Asia forum.

“As of today, the total contract area of solid minerals is 137 thousand square kilometers. Given the vast area and great potential of Kazakhstan’s mineral resources, there is a real prospect of opening dozens of large deposits until 2020,” the minister said.

In his words, the Kazgeology national geological company has already attracted 10 major investors in the sector.

Astana hosted the 7th mining forum MINEX Central Asia. The main theme of the forum was “Prospects and potential of the mining sector in efficient economic development”.

Sergey Kwan

TCA