Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
Almaty, January 14 (Xinhua) — The Kazakh government is launching a new phase of subsoil exploration, with plans to allocate 240 billion tenge (approximately $500 million) for geological exploration over the next three years. This was announced on Wednesday by the prime minister's press service.
By comparison, $469 million has been invested in exploration over the past 15 years.
It is reported that last year, 20 projects were developed to conduct geological surveys over a total area of 100,000 square kilometers, with subsequent annual coverage of 30,000 square kilometers of the most promising areas.
Over the next three years, $500 million will be allocated to the implementation of the above-mentioned 20 projects, as well as to seismic exploration work in the territory of poorly studied sedimentary basins and the creation of modern geological infrastructure.
The projects include remote sensing data analysis, airborne geophysical and geochemical studies, and a range of fieldwork. The project areas have high potential for discovering deposits of copper, gold, lead, zinc, rare earth elements, barite, and bauxite.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.