World Mining Congress 2018

The 25th anniversary World Mining Congress (WMC) will take place in Astana, in Kazakhstan, from June 19 - 22, 2018. Such large-scale event of world significance is held for the first time in the region. Kazakhstan was not chosen casually for this occasion. The country’s resources consist of a rich mineral base (99 elements of periodic table are found in the ground and there are 5,000 active deposits).

Last year was a good one for Kazakhstan. The volume of mining industry grew by 9.3% while the volume of the processing industry grew by 5.1%. Extraction of non-ferrous metal ores increased by 8.2%, and extraction of iron ore increased by 6.9% in volume. The metallurgy sector shows positive dynamics, with increases in volume of production of ferrous metallurgy up by 6.6%, whereas non-ferrous metallurgy grew by 5.5%.

The introduction of Code “On subsurface and subsurface use”, signed on December 27, 2017, corresponds to the best world practice. Legislation improvements and the introduction of international system of reporting standards greatly simplify the procedure for concluding subsurface use contracts, ensuring stability of subsurface use conditions and contributing to investment attractiveness of industry.

It is expected that opening WMC ceremony will be attended by the president of the Republic of Kazakhstan, the president of the Republic of Poland, the vice president of the People’s Republic of China, the prime minister of the Russian Federation, the governor-general of Australia.

At this time, more than 132 associations and international organizations from 37 countries have confirmed their participation at the WMC.

Source: Iteca LLP

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