President k. Tokayev instructs to create National Geological Survey

The National Geological Survey needs to be created in Kazakhstan. Such an order gave Kazakh President Kassym-Jomart Tokayev in his State-of-the-Nation Address. At the same time, the new organization, which will be created on the basis of disparate subordinate departments, according to the President, should not become a monopolist that decides who and to what extent will have access to the subsoil. The role of the organization will be to provide comprehensive service support to investors, emphasized Tokayev. He noted that the draft law on industrial policy should provide answers to the questions facing the manufacturing sector. The new rules are simple: the price of raw materials for the domestic industry must be affordable, and the volume - sufficient.

“We should keep in mind that the resource potential of our country is not fully unlocked. Geological study remains at a low level. Investors' access to quality geological information needs to be increased. The subsoil use industry needs a new impetus, especially in terms of geological exploration and integrated subsoil study. Reforms initiated within the Nation's Plan should be brought to practical completion, an open digital database of geological information should be created, and investors should have access to it. Mineral resources are a national treasure,” the president said.

Translation by Galiya Khassenkhanova