Nikolay Radostovets
Executive Director
Republican Association of Mining and Metallurgical Enterprises (AGMP)
Nikolai Radostovets is a public figure of the Republic of Kazakhstan. Since 2005, he has headed the Republican Association of Mining and Metallurgical Enterprises (AGMP). He is a Member of the Presidium of the National Chamber of Entrepreneurs of the Republic of Kazakhstan “Atameken” and Chairman of the Committee for the Geological Sector, Mining, Coal Mining, and Metallurgical Industry established under it. He has extensive experience working in the government bodies of the Republic of Kazakhstan and in the scientific field.
Reforming legislation as a key driver for investment in the mining and metals sector
The adoption of a new Tax Code, amendments to the Subsoil Code, and the development of a National Project for the Development of Coal-Fired Power Generation are only some of the changes that have had a direct impact on the mining and metals sector over the past year. From the government’s side, we see clear policy signals emphasizing the need to increase domestic processing of raw materials. At the same time, issues related to attracting investment in geological exploration are becoming increasingly relevant. It is important to assess how well the existing legislation aligns with these objectives and whether it effectively incentivizes investors to invest in Kazakhstan.
