New Mineral Deposits Discovered in Kazakhstan
Yim Kwangsoo Correspondent
pydonga@gmail.com | 2024-12-14 16:11:36
Astana, Kazakhstan – Kazakhstan has made significant strides in its geological exploration efforts, leading to the discovery of numerous new mineral deposits. As a result of recent surveys, 27 solid mineral deposits, 10 hydrocarbon deposits, and 23 groundwater deposits have been added to the state register.
These newly identified areas are slated for further exploration under exploration licenses, with the goal of unlocking their potential for economic development.
Government-Funded Geological Surveys
The Kazakh government has been actively investing in geological studies to expand the nation’s mineral resource base. Each year, substantial funds are allocated to conduct comprehensive geological surveys, including:
1:200,000-scale geological surveys
Geological-mineralogical mapping
Deep geological mapping
Hydrogeological surveys
The ambitious goal is to cover 2.2 million square kilometers of Kazakhstan’s territory with these studies by the end of 2026, as directed by the head of state in his 2023 address to the nation.
Economic Impact and Future Prospects
The total funding for these three-year geological exploration efforts exceeds 20 billion tenge (US$38 million). By unlocking the potential of these newly discovered deposits, Kazakhstan aims to boost its economy and secure a sustainable future.
Kazakhstan’s mineral resource base is already substantial, encompassing a wide range of solid and common minerals, hydrocarbons, and groundwater. With the addition of these new discoveries, the country’s mineral wealth is poised to grow even further. As of now, the state balance sheet lists a total of 9,548 deposits, including 987 solid mineral deposits, 355 hydrocarbon deposits, 3,666 common mineral deposits, and 4,540 groundwater deposits.
WEEKLY HOT
- 1EU and Mercosur Target FTA Signing This Year, Creating a Unified Market of 700 Million
- 2North Korea Pledges 'Full Support' for Russia's Sovereignty and Security Interests
- 3Tesla Board Proposes New, Billion-Dollar Compensation Plan for Musk, Reaching for Unprecedented Goals
- 4Gold Soars to Record High Amid U.S. Job Market Cool-Down and Fed Rate Cut Speculation
- 5US Energy Secretary: “We'll Double LNG Exports Under Trump, South Korea is a Big Market”
- 6Trump Threatens EU with Trade Action over Google Fine