The state ensures transparency of auctions for the right of subsurface use

The state ensures transparency of auctions for the right of subsurface use

22.11.2024 12:24:04 2337

The Ministry of Industry and Construction of the Republic of Kazakhstan previously published an announcement on holding an electronic auction for 26 deposits. They contain reserves of such solid minerals as gold, silver, lead, zinc, etc.
Recall that applications for participation in the auction will be accepted until January 15, 2025 through the EPN "minerals.e-qazyna.kz ".
The electronic auction will be held on January 29, 2025 on the web portal of the state Property register e-qazyna.kz .
The availability of information in the field of subsoil use is regulated by Article 7 of the Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use", according to which the state provides open access to information about auctions for granting the right to subsoil use, their conditions and results.
As a result, after the auctions, minutes of the auction results for each deposit are published on the official website of the Ministry on an ongoing basis, which contain the names of the winning companies, as well as the final amounts of subscription bonuses.
Moreover, in the case of auctioning deposits with rare earth metals, additional obligations are put up to potential investors in the form of processing and production of metallurgical products at their own facilities or the construction of a plant on the territory of Kazakhstan.
These additional obligations are a guarantee for the processing of rare earth metals in the country, and not just the extraction and export of ore abroad.
It should be noted that in case of non-payment of the final amount of the subscription bonus by the auction winner, priority goes to the next participant.
According to Tax legislation, non-payment of the final amount of the subscription bonus does not release the winner from payment obligations, moreover, the deposited guarantee obligation is also not returned to the winner who has not fulfilled his obligations and these amounts are collected into state revenue.

Source : https://www.gov.kz/memleket/entities/mps/press/news/details/888421