In a recent meeting, the Committee of Geological, Mining, Coal, and Metallurgical Industries of the Presidium of Kazakhstan’s National Chamber of Entrepreneurs discussed new support measures for the mining and metallurgy industry. The proposed measures aim to attract additional investments to the sector.
One key proposal is to reduce the mineral extraction tax by 10 times for companies engaged in extracting metals from technogenic mineral formations. Additionally, projects for processing mineral raw materials could be granted the same benefits as priority investment projects listed in Kazakhstan’s Entrepreneurial Code.
Furthermore, the committee considered fully deducting expenses for geological exploration and proposed a five-year exemption from the mineral extraction tax for subsoil users developing low-grade and capital-intensive deposits (with an internal rate of return not exceeding 15%). Such mechanisms are already in place in the oil and gas sector.
In 2025, Kazakhstan’s national railway holding, NC “KTZh”, plans to increase price limits on export transportation tariffs. Last year, railway transportation showed negative dynamics: coal transportation decreased by 7%, iron ore by 10%, and non-ferrous metals by 5%.
To prevent mining and metallurgical enterprises from losing export markets, parties are trying to agree on a special methodology for decision-making on tariff reductions. One of the main criteria for setting prices will be the financial condition of the producers.
