Business Monitor International's Kazkhastan Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kazkhastan's mining industry.
BMI expects Kazakhstan's mining industry value to reach US$41.3bn by 2016, down from the previous forecast in light of its view of an overall decline in commodity prices. Growth will be led almost entirely by the coal, iron ore, and copper sectors, which together account for the majority of the value of Kazakhstan's mining industry, though BMI also notes extremely strong growth in gold production.
The constitution of the Republic of Kazakhstan vests ownership of mineral resources in the state. The constitution states that land may be privately owned, but underground resources are state property. The controlling body for the mining industry is the Ministry of Energy and Mineral Resources.
Given the strategic and economic importance of the mining sector, the government is supportive of the industry and institutes a generally positive investment climate, although it has also shown that it will intervene when necessary. For instance, in October 2010 the government suspended a proposed takeover deal between Russian gold miner Polyus Gold and Kazakhstan's leading gold miner KazakhGold due to contractual violations and allegations of fraud.
Additionally, the government raised tax rates earlier in 2010 when metal prices were high and miners were making substantial profits.
Key Players Kazakhstan's mining sector is dominated by state-owned entities Kazakhmys and Eurasian National Resources Corporation, zinc-focused Kazzinc and gold producer KazakhGold.
In the coming years, we expect the sector to become more competitive and increasingly fragmented, with the influx of foreign companies such as Rio Tinto encouraged by the vast potential of the country's mining sector. SHOW LESS READ MORE >
Global Mining Outlook
Table: Recent Tax Increases
Table: Largest Coal Projects
Table: Frontier Mining Projects
Industry Trend Analysis
Table: Kazakhstan's Mining Sector, 2009-2016
Business Environment Ratings
Table: Mining Business Environment Ratings
Table: Main Expansion Plans
Table: Kazakhstan's Iron Ore Production, 2009-2016
Table: Kazakhstan's Coal Production, 2009-2016
Lead And Zinc
Table: Kazakhstan's Zinc And Lead Production, 2009-2016
Table: Expansion Plans
Table: Kazakhstan's Bauxite Production, 2009-2016
Table: Key Expansion Plans
Table: Kazakhstan's Copper Production, 2009-2016
Table: Key Expansion Plans
Table: Kazakhstan's Gold Production, 2009-2016
Global Assumptions, Q212
Table: Global Assumptions, 2010-2016
Table: Global And Regional Real GDP Growth, 2010-2013 (% change y-o-y)
Table: Developed Market Exchange Rates, 2011-2013
Table: Emerging Market Exchange Rates, 2010-2013
Table: Developed States – Real GDP Growth, 2010-2013
Table: Emerging Markets – Real GDP Growth. 2010-2013
Table: BMI And Bloomberg Consensus Real GDP Growth Forecasts, 2011 And 2012 (%)
Business Environment Ratings Methodology
Table: Mining Business Environment Indicators
Table: Weighting Of Components