State management of investment activities in the mining industry of the Republic of Kazakhstan

Abstract

The mining industry of the Republic of Kazakhstan occupies an important place in the economic structure of the country, providing a significant part of GDP and total export revenues. With vast reserves of natural resources such as oil, gas, coal, uranium, copper, and gold, Kazakhstan has become the object of close attention of international investors and multinational corporations. In this regard, the relevance of analyzing investments in the mining industry and identifying the main risks and problems is becoming increasingly important for making informed investment decisions and forming a long-term strategy for the development of the industry.

Companies that are part of the  25 largest transnational corporations in the world  have gained a foothold in Kazakhstan, including Exxon-Mobil (which ranks 3rd in the world in terms of foreign assets),    Chevron-Texaco (13), and TotalFinaElf. The Russian company Lukoil, the  first in the list of the 25 largest TNCs in the region   of Central  and Eastern Europe  , is active  in the republic. With  more than US$4 billion in overseas assets  , it is well positioned to compete with  the largest  emerging-market TNCs, including  LG electronics" (3rd place in the  list of the largest TNCs from developing countries), which, by the way, is  also a partner of Kazakhstan.