The Ministry of Industry and Construction has announced an electronic auction for the sale of 26 deposits containing gold, silver, lead, zinc and other solid minerals.
According to ORDA, the auction will take place on 29 January on the web portal of the state property register E-qazyna.kz. The application deadline was extended until 15 January.
As stated by the ministry, after the auction concludes, the protocols will be published on the ministry's website, indicating the winning companies and the final amounts of signature bonuses for each deposit.
At the same time, special requirements have been established for deposits containing rare earth metals.
"The additional obligations act as a guarantee that rare earth metals will be processed within the country, rather than simply being extracted and exported as ore abroad", the ministry explained.
According to the auction terms, investors are obliged to carry out processing and produce metallurgical products at their own facilities or build a plant in Kazakhstan.
It is noted that if the winner fails to pay the final amount of the signature bonus, the right to develop the deposit will pass to the next participant in the auction.