Putin offers condolences to Pakistan over plane crashRussian Politics & Diplomacy December 08, 13:09
Press review: Aleppo's gradual liberation and new forces guarding Russia's HmeymimPress Review December 08, 13:00
EU Council, European Parliament reach compromise on visa-free travel for UkraineWorld December 08, 12:51
Russia’s Defense Ministry rejects reports of pilotage error as cause for Su-33 crashMilitary & Defense December 08, 12:45
Assad says Aleppo’s seizure won’t be end of war in SyriaWorld December 08, 12:29
Prosecutor seeks 5-year sentence for a female student for trying to join ISRussian Politics & Diplomacy December 08, 12:26
Putin points to priority of boosting transportation projects with Asia-Pacific statesBusiness & Economy December 08, 11:43
Two Ukrainians charged in absentia over abduction of Russian servicemenWorld December 08, 11:33
Top diplomat says Philippines should no longer be Washington’s ‘little brown brother’World December 08, 11:18
ASTANA, February 06. /ITAR-TASS/. About $1.03 billion (160 billion tenge) will be allocated in the Republic of Kazakhstan in a period until 2020 for the development of the geological prospecting sector and the mineral resources base, Aset Isekeshev, Vice Premier and Minister of Industry and New Technologies, announced on Thursday.
"Under the program for the development of the raw-materials base, provision made for financing amounts to 160 billion tenge within a period ending in 2020," Isekeshev told a Ministry Board meeting.
Thus, geological prospecting studies have already been started in Karaganda Region of the Republic on an area of over 100,000 square kilometers. Financing of the works will amount to more than one billion tenge. Besides, the Vice-Premier said, the Kazakhmys mining company will assign over $161 million (over 25 billion tenge) for the conduct of geological prospecting in the same region.
According to Ministry data, about $1.5 billion (234 billion tenge) were invested in the geological prospecting sector in the period from 2000 to 2013, with the overall amount of investments in the mining sector being $51.6 billion (over 8 trillion tenge).