Kazakhstan : Strategic Review of the Mining and Metallurgy Sector

Kazakhstan is exceptionally endowed with petroleum, and mineral resources. However, since independence, the vast majority of new investment in the sector has been devoted to petroleum, while, new investment in the mining, and metallurgical sector h...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCELERATED DEPRECIATION ACCOUNTABILITY ACCOUNTING AFFILIATES ALLOYS AUDITING AUTHORITY BARITES BENEFICIATION BUDGET CONSTRAINTS CADASTRE CAPITAL MARKETS CENTRAL GOVERNMENT COAL CONSTITUTION COPPER CUSTOMS DECISION MAKING DISCLOSURE DIVIDENDS ECONOMIC DEVELOPMENT ECONOMIC POLICIES EIS EMPLOYMENT ENACTMENT ENTERPRISE REFORM ENVIRONMENTAL DAMAGE ENVIRONMENTAL IMPACT ENVIRONMENTAL IMPACT STATEMENTS ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROBLEMS ENVIRONMENTAL PROTECTION EQUITABLE DISTRIBUTION EXPENDITURES EXPLOITATION EXPLORATION PERMIT FINANCIAL SUPPORT FISCAL FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GAS GEOLOGICAL INFORMATION GEOLOGICAL SURVEY GEOLOGY GOLD GOOD GOVERNANCE GOVERNMENT AUTHORITIES GOVERNMENT DEPARTMENTS GOVERNMENT INSTITUTIONS GOVERNMENT MANAGEMENT GOVERNMENT MINISTRIES GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT STRATEGY GROSS SALES HEALTH AND SAFETY IMPORTS INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL ROLE INSTITUTIONAL STRUCTURE INTERNATIONAL MINING INVESTMENT CLIMATE IRON IRON ORE LACK OF TRANSPARENCY LAWS LEGISLATION LEGISLATIVE ACTS LOCAL TAXES LOCOMOTIVES MANGANESE METALLURGICAL INDUSTRIES METALLURGICAL PLANTS METALLURGY MINE CLOSURE MINERAL COMMODITIES MINERAL EXPLORATION MINERAL POLICY MINERAL PRODUCTION MINERAL RESERVES MINERAL RESOURCE MINERAL RESOURCES MINERAL RIGHTS MINERAL SECTOR MINERALS MINERALS DEVELOPMENT MINERALS LEGISLATION MINES MINING ENTERPRISES MINING INDUSTRY MINING INVESTMENT MINING LAW MINING LAW AND REGULATIONS MINING LEGISLATION MINING OPERATIONS MINING PROJECTS MINING REFORM MINING REFORM PROGRAMS MINING RIGHTS MINING SECTOR MINING SECTOR REFORMS MINING TAXATION MINING TITLE MINISTRY OF FINANCE MUNICIPALITIES NATIONS NATURAL RESOURCES OIL OPERATING COSTS ORES PHILOSOPHY POOR GOVERNANCE PREFERENTIAL TREATMENT PRIVATE MINING PRIVATE MINING COMPANIES PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCTIVITY PUBLIC INSTITUTIONS PUBLIC MINING PUBLIC MINING INSTITUTIONS PUBLIC SECTOR REFINING REGULATORY REGIME REPRESENTATIVES RESERVE BASE RESOURCE BASE REVENUE SHARING ROYALTY SCIENTIFIC KNOWLEDGE SMELTER SOCIAL PROTECTION SOCIAL SERVICES STATE AGENCIES STATE INTERVENTION STATE REVENUES STATE-OWNED ENTERPRISES STEEL STREAMS SUSTAINABILITY SUSTAINABLE DEVELOPMENT TAX RATES TAX REVENUES TAX TREATMENT TAXATION TAXATION REGIME TECHNICAL ASSISTANCE TITANIUM TRADITION TRANSPORT URANIUM VALUE ADDED TAXES ZINC MINING SECTOR METALLURGICAL INDUSTRY MINING POLICY MINING TECHNOLOGY SECTOR INVESTMENT GEOLOGICAL DATA REGULATORY FRAMEWORK INSTITUTIONAL CAPACITY EMPLOYMENT GENERATION GROSS DOMESTIC PRODUCT EXPORT EARNINGS PRIVATE SECTOR DEVELOPMENT TENDERING INVESTOR CONFIDENCE FUNDING PROPOSAL TRAINING ASSISTANCE DIVESTITURE ENVIRONMENTAL COMPLIANCE INFRASTRUCTURE DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2002/09/2011689/kazakhstan-strategic-review-mining-metallurgy-sector http://hdl.handle.net/10986/15359

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Summary:	Kazakhstan is exceptionally endowed with petroleum, and mineral resources. However, since independence, the vast majority of new investment in the sector has been devoted to petroleum, while, new investment in the mining, and metallurgical sector has not been commensurate with the country's geological potential, or with the importance of a sector accounting for over thirty percent of total export earnings, ten percent of GDP, and nineteen percent of total industrial employment. The study focuses on the minerals legislation, and regulation as the corner stone of development of the mining, and metallurgy sector, governing access by the private sector to mineral rights, highlighting the country's fundamental problem, i.e., the confusion of the mining and metallurgy, with the oil/gas sector, pointing that the economics of the two sectors are entirely different. It outlines the tendering system for blocks of geologically prospective ground contemplated in the legislation, while a practice extensively used in oil/gas industry, is quite uncommon in mining/metallurgy, actually proven an unsuccessful practice. Moreover, mining taxation as applied to mining and metallurgy is fundamentally unattractive to new investment, and not competitive internationally. In order to fairly administer the legislation, public institutions are essential, where the focus should be on funding, logistical support, and training of professionals, thus far insufficient for long term sustainability. It is recommended that government proceed with a responsible program of divestiture, such as the reactivation of the "blue chips" program, and include environmental, and infrastructure considerations.

Kazakhstan : Strategic Review of the Mining and Metallurgy Sector

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