In Kazakhstan, promising areas of rare earth metals were found. In the framework of the state geological study of subsoil, aimed at developing the sector of rare -earth metals, search work in 12 sites continues. This was stated by the Minister of Industry and Construction of Kazakhstan Kanat Sharlapaev at a government meeting.
Over the past 30 years, Kazakhstan has been increasing in stocks – iron, manganese, gold, uranium, oil and gas. The mineral resource base of Kazakhstan includes 987 deposits of solid minerals and the dynamics of their intelligence remains positive, the minister said, the press service of the Prime Minister of Kazakhstan.
“Today there are already data on the prospects of the Kurektykol section, the reserves of which are estimated about 800 thousand tons of rare -earth metals,” said Sharlapaev.
According to the ministry, the intelligence of rare -earth metals (RMZ) is conducted by private companies such as Cove Capital and HMS Bergbau.
According to the minister, the reform and the measures taken by the Ministry attracted large international companies into the country’s geological exploration. The total investment of 10 companies amounted to about 41 billion tenge, which provided an area of an area of more than 25 thousand km².
So, Fortescue conducts reconnaissance in 32 sites in Aktobe, Karaganda, Abay and Zhambyl regions. His investments in reconnaissance amounted to about 4 billion tenge. Riotinto conducts reconnaissance for more than 10 licenses, in territories located in the Aktobe region. During the validity period, the company invested about 2.2 billion tenge in the intelligence of the subsoil. Kigam Korean Institute, together with Taucen, Samruk began to study the lithium of the Aral region. Also, Barrick, BHP, Teck, First Quantum actively carry out subsoil intelligence work in order to identify a deposit of international scale, the Minister said.