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CRIRSCO is an international committee that unites the codes of public reporting on solid mineral reserves of such countries as Australia, USA, Canada, Russia, India, Turkey, New Zealand, as well as some states in Africa, Europe (23 countries), South America and Southeast Asia.
Kazakhstan's KAZRC Code was adopted into the CRIRSCO family in 2016, and the international standards should come into force in Kazakhstan from 2024. This is expected to attract foreign investment in exploration and give a significant impetus to this industry as a whole.
As a result of the discussion, Prime Minister instructed to ensure the transition to CRIRSCO (KazRC) standards for new deposits in due time and in parallel with this to maintain the activities of the State Commission on Mineral Reserves of the Republic of Kazakhstan for already developed deposits.
At the same time, it is also instructed to provide for liability, up to criminal liability, for competent persons who prepare reports on KazRC standards, and minimum requirements for such reports. This approach will allow to take into account the interests of the state and private business in the development of solid mineral deposits.