On 28 January 2025 at the general annual meeting with his Government, President Kasym-Jomart Tokayev outlined Kazakhstan’s dedication to strengthening its mining sector, with a particular focus on energy transition materials, including lithium, copper and uranium. With global demand on the rise, Kazakhstan is seizing this opportunity by offering exiting opportunities to foreign investment and advanced technologies. Major foreign companies are already engaged in geological exploration, and a unified platform has been launched to facilitate the transparent distribution of subsoil use rights. Tokayev stressed that the legal framework for this platform should be fully established by the end of the current parliamentary session.
Kazakhstan Focuses on Revitalising Investment Climate Amidst Declining FDI
In response to slowing foreign direct investment (FDI) flows, President Tokayev has urged the government to attract high-quality investments. Data reveals a concerning decline in FDI. During the first nine months of 2024, Foreign Direct Investment reached $12.7 billion, a 36% decrease compared to the same period in 2023. Despite a challenging economic environment, Kazakhstan is committed to creating a more attractive investment climate through additional financial incentives and a comprehensive ecosystem that supports investors at all levels. Government support for business ventures should come with clear expectations. President Tokayev outlined: “Investors who receive government assistance must accept reasonable countermeasures, such as job retention, investment in modernisation, and adherence to environmental regulations.”
Kazakhstan Turns to Nuclear Energy to Power Future Growth
Kazakhstan’s increased production contributed to a global uranium production growth of 11.7% in 2024, with the country accounting for 37.3% of the total global uranium supply. In 2025 Kazatomprom, Kazakhstan’s national atomic company, plans to produce between 25,000 and 26,500 tons of uranium. This represents an increase of 7 to 14 percent over its 2024 output of 23,270 tons. The country aims to produce higher value-added nuclear products like fuel assemblies, not just natural uranium. This will allow the country to deliver its ambitious goal of creating Nucleal Energy Production in Central Asia.
President Tokayev emphasised the critical need for Kazakhstan to achieve full self-sufficiency in electricity and establish reserves of 15-20%. The government plans to introduce at least 3 gigawatts of new power capacity over the next two years, with a focus on innovative coal-fired power stations and the construction of Kazakhstan’s first nuclear power plant. These efforts aim to ensure energy supply to all regions and support the country’s commitment to carbon neutrality.
Discover Kazakhstan’s Mining Potential
at the 15th MINEX Kazakhstan Forum in Astana on 9-10 April 2025
Dear Ming Industry Professionals,
At the heart of these developments is Kazakhstan’s commitment to becoming a global leader in the extraction and processing of uranium, precious metals and critical raw materials – vital resources in the face of rising global demand.
Don’t miss this chance to explore Kazakhstan’s vast mineral wealth and connect with decision-makers shaping the future of mining in Central Asia.
We are excited to invite you to the 15th MINEX Kazakhstan Mining and Exploration Forum, taking place on 9-10 April 2025 in Astana, Kazakhstan. This premier event offers unparalleled insights into Kazakhstan’s rapidly evolving mining sector and the country’s ambitious plans for growth and investment.
MINEX Kazakhstan 2025 will feature:
- 100+ expert speakers
- 450+ delegates from 30+ countries
- 50+ exhibitors showcasing cutting-edge technologies
- Networking opportunities with key industry stakeholders
Register before 31 January to save https://2025.minexkazakhstan.com/registration/
We look forward to welcoming you in Astana!
