• Kazakhstan: New Local Content Approach
  • May 15, 2012
  • Law Firm: GRATA Law Firm - Almaty Office
  • [General overview of Kazakhstan in World Mineral Industry. Kazakhstan ranks second only to Russia among the countries of the CIS in its quantity of mineral production. It is endowed with large reserves of a wide range of metallic ores, industrial minerals, and fuels, and its metallurgical sector is a major producer of a large number of metals from domestic and imported raw materials. The economy of Kazakhstan has been growing owing to the state policy of attracting foreign investment into its extraction industries. Kazakhstan was the first CIS country assigned with investment sovereign rating, and the World Bank has listed Kazakhstan among the 20 most attractive countries for investment. More than US $140,7 billion was invested in Kazakh economy since 1994 to 2009.]