Resource information
The Government, for the purpose of securing economic interests of the Republic of Kazakhstan and speeding-up of the process of making contracts for the of subsoil between the users of subsoil and the State Committee on Investments, decrees as follows: 1). State Committee on Investments must supervise over the strict observance by the users of subsoil of the terms of making contracts for the use of subsoil as established by the licence. In case of failure to make a contract within the established terms on the expiry of 60 calendar days the State Committee on Investments is authorized to forward the proposal to the Government for the withdrawal of licence. 2). To validate the rates for calculation of royalties to be paid to the state budget by the users of subsoil that previously, until making contracts, had paid to the republican fund of protection and re-production of mineral resources. 3). All the organizations that carry out the activity in the field of the use of subsoil before making contracts must provide for complete and timely payment of royalties to the republican budget in accordance with the rates set by the Ministry of Finance.
