KAZAKH INVEST held a webinar on Rules of participation and the mechanism of conducting auctions for subsurface use sites
On June 18 of this year, JSC "NC "KAZAKH INVEST," together with the Department of Subsoil Use of the Ministry of Industry and Construction of the Republic of Kazakhstan, held a webinar on the rules of participation and the mechanism for conducting auctions on subsoil use sites. Plots with approved reserves of solid minerals on the Republic of Kazakhstan's state balance sheet will be put up for auction.
Bauyrzhan Aitkulov, Director of the national company's Projects department, and Zhaksylyk Khasenov, Project Manager, spoke at the webinar. Almas Kushumov, Director of the Department of Subsoil Use of the Ministry of Internal Affairs, talked about the procedure and mechanism of the auction. Also, representatives of JSC "National Geological Survey" Gulnara Saduakasova and Elmira Abdissalamova informed about the exhibited sites and the application procedure for obtaining more detailed geological information.
Thus, the participants were presented with a step-by-step auction procedure. In the first stage, the formation of sites for the extraction of TPI is underway, and then the participants' notification about the auction is carried out. At this stage, the registration of auction participants begins. They get the opportunity to study the geological information on the objects and submit an official application for participation in the auction, after which the auction starts. Also, the participants were told about the bidding procedure and the issuance of a license to extract TPI.
The webinar was attended by representatives of foreign and domestic businesses. Among the foreign companies were Barrick Gold (Canada), B2Gold (Canada), JOGMEC (Japan), Yildirim Holding (Turkey), East Star Resources (Great Britain), Eramet (France) and others.
All auction materials, please download here.
