Kazakhstan is planning to refer the new Subsoil Code for consideration to the Parliament in late 2017, according to the Minister for Investments and Development of Kazakhstan.

According to the latest official statistics, the "mining and quarrying" sector (excluding the production of oil and gas) plays an important role in the Kazakh economy, with a contribution of 4.9% to the

Another subsoil use update is concentrated on the announcement of cancellation of the auction on subsoil use permits' purchase.

The RK Ministry of Investments and Development has approved a list of subsurface areas of solid minerals and groundwater subsurface use rights to which will be auctioned in Kazakhstan.

The procedure is very formalistic and a potential provider has to strictly follow it, failing which it may be disqualified.

On 9 November 2015, in connection with Kazakhstan's accession to the WTO, amendments to the subsoil use legislation came into force and significantly altered the existing local content requirements.

The GRATA International Legal Series ("GILS") is a distinctive legal handbook, offering essential legal insights and practical tips for conducting business across jurisdictions where GRATA International operates.

Kazakhstan floats its national currency, tenge, allowing the market to determine the tenge rate.

On 27 December 2017, the President of the RK signed the Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use", which introduces significant changes to the current subsoil use regime in Kazakhstan.

Please note that Subsoil Use Code dated 27 December 2017 № 125-VI ЗРК (further « the Code») contains critical changes to the existing Kazakhstan subsoil use legislation.

Kazakhstani legislation requires subsoil users or persons applying for solid minerals exploration right to provide security ("Security") for the obligations on liquidation of consequences of subsoil use operations...

On November 15, Mazhilis approved and forwarded to the Senate a draft law, On Amendments and Additions to the Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use" to improve the subsoil use sector.

At the beginning of the 2023, the process of making important amendments to the financial legislation of Kazakhstan continued.

On December 22, 2016, a dossier on the Draft Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use" ("Draft Code") was submitted for consideration to the Mazhilis of the Parliament of the Republic of Kazakhstan.

The Draft Code of the Republic of Kazakhstan ‘On Subsoil and Subsoil Use' (‘the Draft Code'), presented in August 2017, introduces significant changes to the current subsoil use legislation in Kazakhstan

In Kazakhstan the transfer of subsoil use rights and/or objects connected therewith is subject to a prior consent of the competent body.

Both permits are obtained by the buyer, however it requires assistance (provision of documents and necessary information) from the seller.

On October 24, 2007 the President of the Republic of Kazakhstan Mr. Nazarbayev N.A. signed Law No. 2-IV "On Introduction of Amendments and Supplements to the Law "On Subsoil and Subsoil Use".

Since the Republic of Kazakhstan gained independence up to the present, legislation has been on constant development—new laws are being adopted, strategies are changing...

The mining sector plays an important role in the Kazakh economy, at 13-14% of the country's GDP and more than 20% of its exports.