About Kazakhstan
Background
A pro-mining jurisdiction with a strong economy
Since its independence in 1991, Kazakhstan has charted a path of political stability and economic growth. With Kassym-Jomart Tokayev as the current president, re-elected in 2022, the country has strengthened its democratic institutions. Kazakhstan is a member of prominent international organisations, including the UN, WTO, and the OSCE, and has earned an investment-grade credit rating from agencies such as S&P (BBB-Stable) and Moody’s (Baa1 Stable).
Recognised as a regional economic and social development leader, Kazakhstan ensures religious freedom, with Islam and Orthodox Christianity being the primary religions.
5.1%
GDP growth in 2023 (World Bank)
Mining
Major contributor to economic growth, attracting significant FDI
Baa Stable
Investment grade credit ratings (Moody's)
BBB- Stable
Investment grade credit ratings (S&P)
Kazakhstan
Economy
A well-diversified, high-growth economy
Kazakhstan is one of the fastest-growing economies in Europe and Asia, with an average GDP growth rate of over 3.5% annually in recent years. Fuelled by its rich natural resources, the economy is further bolstered by trade, transport, retail, and education sectors.
Mining remains a cornerstone of the economy, contributing significantly to GDP, exports, and industrial output. Kazakhstan is the world’s largest uranium producer and ranks among the top 20 globally for coal, copper, iron, and gold reserves. It is also a global leader in chromium, lead, and zinc reserves.
The country has made remarkable economic reforms, improving its ease-of-doing-business ranking to #25 globally. International mining companies like Rio Tinto, Glencore, and Areva operate successfully in Kazakhstan, while others, such as BHP and Anglo-American, are expanding their exploration and development activities.
Mining
Kazakhstan offers a pro-mining legal framework designed to attract foreign investment. The country provides mining operators a stable and secure environment with transparent permitting processes, competitive tax regimes, and state-supported infrastructure development.
As a proven partner for international mining ventures, Kazakhstan continues to build on its reputation as a reliable jurisdiction for the development of long-term mining projects, unlocking value for local and international stakeholders.
Strategy
Empowering our future with a strong growth plan
