Kazakhstan to Auction 50 Rare Metal Deposits in June 2025

Kazakhstan will grant exploration and development rights for 50 deposits of gold and rare metals through an electronic auction scheduled for June 2025, the Ministry of Industry and Construction has announced. Almas Kushumov, Director of the Ministry’s Department of Subsoil Use, shared the details through MINEX Kazakhstan (Mining and Exploration Forum). “We will auction off deposits with confirmed balance reserves, gold, coal, rare metals, and polymetals,” Kushumov said. “The information will be published soon on the Unified Platform of Subsoil Use, and in June we plan to hold the electronic auction. All participants will be able to submit their documents online.” The auction will be hosted on the Unified Subsoil Use Platform: minerals.e-qazyna.kz. Licenses will be awarded for both exploration and production, with production licenses valid for 25 years. Companies from the United States, European Union, and China have already submitted applications, according to the ministry. The full list of the 50 deposits will be made public in the coming days. Kazakhstan has prior experience with this auction format, between 2023 and 2024, 117 deposits were awarded through electronic auctions, generating over KZT29 billion ($55.9 million) in signing bonuses. Kazakhstan currently holds over 9,000 registered deposits, including 987 classified as solid mineral sites. Many of these were surveyed more than three decades ago, which is why the government is now prioritizing not only production rights but also geological exploration, with strong interest from both domestic and foreign investors. Kushumov noted that the introduction of the Code on Subsoil and Subsoil Use in 2018 significantly improved the investment climate, tripling the volume of private capital in the sector. As previously reported by The Times of Central Asia, the state mining company Tau-Ken Samruk is advancing work at the Kuirektykol rare earth deposit, where exploration began in 2022. Recent studies have identified new promising zones which, if confirmed, could place Kazakhstan among the global leaders in rare earth metal reserves.

Kyrgyzstan’s Largest Gold Deposit: Environmental Disaster on the Horizon?

Concerns over a potential environmental catastrophe at the Kumtor mine, Kyrgyzstan’s largest gold deposit, have gained traction following a recent statement by Adilet Usupbaev, an ecologist from the National Academy of Sciences. According to Usupbaev, a waste dump at the high-altitude mine is shifting toward the Kumtor River, which feeds into the Naryn River and, eventually, the Syr Darya River, raising fears of severe contamination if waste reaches the waterway. Ecologist Raises Alarm in Parliament Speaking in Parliament, Usupbaev explained that waste rock dumps, formed as a byproduct of mining operations, are gradually shifting. While several such dumps exist at Kumtor, one in particular is now edging closer to the Kumtor River. “If the dump reaches the Kumtor River, it will be a disaster. We need urgent measures to stop its movement, planting Caragana shrubs, for instance. As an experiment, we planted them in the area, and they took root. The shrubbery won’t stop the dump entirely, but it’s at least an attempt,” Usupbaev said. He warned that waste accumulation at mining sites across the country is increasing each year, potentially leading to widespread environmental damage if proper land reclamation is not implemented. Many dumps, he noted, contain harmful chemical compounds. Mining Company Rejects Claims The Kumtor Gold Company dismissed the ecologist’s concerns, asserting that his claims lack an objective basis. The company emphasized that the movement of waste dumps is occurring at a slower rate than anticipated. “At present, actual displacement is within our 2023 forecast and does not yet match the projected values for 2025. The dump remains 160 meters from the 2025 boundary and roughly one kilometer from the Kumtor River,” the company stated. Kumtor officials insisted that continuous scientific monitoring allows them to assess and manage geotechnical risks, preventing potential hazards such as dump collapses or water contamination. They further argued that the dumps consist solely of waste rock mass, free of harmful chemical elements. Has This Happened Before? Kumtor has previously been the cause of significant environmental issues. In 1998, a traffic accident led to almost a ton of cyanide spilling into a river near the village of Barskoon. In terms of waste dump movements, in 2013, shifting rock masses threatened residential areas, administrative buildings, and a weather station, forcing the company to demolish and relocate infrastructure. According to Isakbek Torgoev, head of the Geoecological Monitoring Laboratory at the Kyrgyz National Academy of Sciences, the movement of waste rock dumps is a constant process at Kumtor due to the thawing of permafrost beneath them. “These dumps are always moving, sometimes faster, sometimes slower, but Kumtor’s geotechnical service closely monitors them. The Lysyi Glacier dump is currently the closest to the Kumtor River, but it is still about a kilometer away,” Torgoev told The Times of Central Asia. Torgoev recalled visiting the mine a decade ago as part of a government commission tasked with inspecting the dumps. At the time, authorities stated that all waste dumps should be stabilized by the mine’s closure, a goal that...