Boston, MA -- (SBWIRE) -- 06/07/2012 -- We expect Kazakhstan's mining industry value to reach US$36bn by 2016, down from our previous forecast in light of our 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 we also note extremely strong growth in gold production. Copper production is also a bright spot in the country given aggressive expansion plans by Kazakhmys and Rio Tinto's commitment to invest US$100mn in exploring northern Kazakhstan for copper.
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.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Materials research reports at Fast Market Research
You may also be interested in these related reports:
- Global Mining Survey 2012-2013: Market Trends, Marketing Spend and Sales Strategies in the Global Mining Industry
- Global Mining Survey 2012-2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Mining Industry
- Kazakhstan Mining Report Q2 2012
- Angola Mining Report Q3 2012
- Canada Mining Report Q3 2012
- China Mining Report Q3 2012
- United States Mining Report Q3 2012
- Kazakhstan Lead Mining Market Overview and Forecast to 2020: Trends, Fiscal Regime, Major Projects, and Competitive Landscape
- Mining Monthly Deal Analysis - April 2012: M&A and Investment Trends
- Bauxite Mining Market in Asia-Pacific to 2020 - Increased Regional Demand for Aluminum to Boost Bauxite Production