New Subsoil Use Code: What Is New?

On 27 December 2017, the President of the RK signed the Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use" (hereinafter referred to as "the Code"), which introduces significant changes to the current subsoil use regime in Kazakhstan. In 2017, we produced several thematic reviews of the draft Code, developed as of the date of our publications. You can view our previous publications by following these links: (1) and (2).

The present update highlights the following key developments introduced by the Code:

• Individual regulatory regime for each type of mineral, including uranium, hydrocarbons and solid minerals;
• Open access to geological data;
• Transforming subsoil use blocks under the contract/license depending on the type of minerals;