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Presentations and publications

The Subsoil Use Code of Kazakhstan

On 15 October 2015, MWP hosted a meeting with the members of the working group on the draft of the Subsoil Use Code of Kazakhstan (the “Code”). The Code is a totally new law, which envisages a number of significant developments and amendments to the subsoil use legislation. The Ministry for Investments and Development (the “MID”) is the state authority, which is responsible for drafting of the Code.

The concept of the Code has been approved recently. It is expected that the Code will be approved by the Parliament at the end of 2016.

The meeting, held in the MWP offices, was attended by representatives of the State authorities (i.e. the Subsoil Department and the Geology and Subsoil Committee, both within the MID), the Kazakhstani Stock Exchange (KASE) and mining industry players and investors.

The meeting was devoted to the discussion of the key issues in the draft Code (such as granting of a subsoil use license, obtaining access to the geological information, application of a the State’s priority right and consents for transfer of the subsoil use right, stability of the subsoil use licenses and the local content issues), analysis of the novelties contemplated by the draft Code, exchange of views and ideas on the Code and provision of suggestions to the Code. The meeting organised by MWP was so that the voice of the experts and business community on the Code is taken into consideration. MWP is grateful to all parties for their fruitful discussions and great contributions to the workshop. MWP, as a member of the working group on the Code, will keep you informed on other important developments of the draft Code.

If you are interested in obtaining of more detailed information on any above issues or wish to receive the draft Code in Russian and/or English, please contact Yermek Aubakirov at +7 727 258 48 90 or
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