Kazzinc is a major fully integrated zinc producer with considerable copper, precious metals and lead credits.
Integrites' Kazakhstani Office is advising Kazzinc on improvement of subsoil use legislation.
Recall that the draft law on amendments to the Law of the Republic of Kazakhstan on Subsoil and Subsoil Use is in the Parliament of the Republic of Kazakhstan. Generally, the draft law has a positive trend for subsoil users. It simplifies and clarifies certain procedures that should reduce the administrative and time barriers in the implementation of operations on subsoil use.
Moreover, Integrites prepared an opinion on the draft resolution of the Government of the Republic of Kazakhstan on Amendments to the Uniform Rules for rational and comprehensive utilization of mineral resources exploration and mining. Changes and additions are made to the rules in order to eliminate gaps and contradictions in the subsoil use legislation, in terms of date when the subsoil user must make changes to the project documents, how the rejection from the project documents must be fixed when changing geological conditions and others.
The project was coordinated by Svetlana Shtopol, Partner of Integrites' Kazakhstan Office.
Kazzinc is a major fully integrated zinc producer with considerable copper, precious metals and lead credits. The company’s core operations are in Kazakhstan, most are in East-Kazakhstan Region. The company was established in 1997 through the merger of Eastern Kazakhstan's three main non-ferrous metal companies - "Ust-Kamenogorsk Lead and Zinc Combinate", "Leninogorsk Polymetallic Combinate" and "Zyryanovsk Lead Combinate". In the years since its creation, Kazzinc has significantly increased production capacity and output. The company continues to develop seeking to have its stable position among the world's five lowest cost zinc producers.