Expert: Kazakhstan adopts the best experience in subsoil legislation reform
David Oberkhuber, the head of the regional program "Mineral Resources for Development in Central Asia", considers that Kazakhstan accumulated quite wide experience in the sphere of liquidation of subsurface use objects, BNews.kz reported.
"Some objects are closed, it is a lot more objects working in transaction. In the current legal reform within the code about a subsoil and subsurface use regarding liquidation of objects of subsurface use Kazakhstan adopts the best international experience."
As mister Oberkhuber notes, regarding liquidation of objects of subsurface use there are two big directions: as financial guarantees as the fund will accumulate will be provided, but, on the other hand, the subsoil user already at a stage receipt of the license shall know this ensuring financial liquidation how an object will be closed.
This process – planning which passes into the engineering design from geological exploration over time began transactions and before closing of the mine or a pit.
"As institutional structure, calculations of cost of a financial guarantee we suggest to adapt in the standardized model of calculation of cost of liquidation and recultivation of objects of subsurface use," Oberkhuber notes.
"Other institutional mechanism which we wanted to implement as the procedure, is an involvement of all concerned parties – the state, business, as well as local communities which shall be involved in planning process of liquidation and recultivation of objects of subsurface use in order that the company not independently resolved this issue and that interests and the states and local communities were considered," David Oberkhuber said.
Those who can invest money need the investment climate. In this case liquidation of objects of subsurface use - also is not an exception because when the investor comes, he wants to know what are his responsibility and obligations, and what are historical expenses.
"Kazakhstan is the country with a long story of subsurface use, is mines which remained from Soviet period, and here the investor shall know accurately when it comes and there is an unliquidated object what he what expenses are incurred by it is responsible for and what expenses it doesn't incur - it is very important component of the stable investment climate too," the speaker considers.