Kazakhstan’s new mining code to be based on Australian model

Kazakhstan’s new mining code to be based on Australian model

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Kazakhstan: Kazakhstan’s Ministry of Industry and New Technologies will prepare the concept of the new Mining Code for the country before July 1, 2014. The new code, which aims to ensure Kazakhstan’s competitiveness in attracting international investment in mining and oil & gas exploration, is based on Australia’s mining model. Australia is leading in adoption of the most advanced technologies in the mining sector. It has adopted various kind of technologies like driver-less truck fleet control system, sensors, remote sensing, GIS etc. to maximise production and reduce costs.

The British-Australian multinational of metals and mining corporation, Rio Tinto Group is increasingly utilising geospatial technologies. Incidentally, Rio Tinto is going to spend over $13 million on geological exploration at the initial stage of its operations in Kazakhstan while the Government is planning to invest in the next five years over 1 billion USD in funding exploration.

Source: Minex Asia