The mineral industry of Kazakhstan is one of the most competitive and fastest growing sectors of the country.
Kazakhstan ranks second to Russia among the countries of the CIS in its quantity of mineral production.
It is endowed with large reserves of a wide range of metallic ores, industrial minerals, and fuels, and its metallurgical sector is a major producer of a large number of metals from domestic and imported raw materials.
In 2005, its metal mining sector produced bauxite, chromite, copper, iron, lead, manganese, and zinc ores, and its metallurgical sector produced such metals as beryllium, bismuth, cadmium, copper, ferroalloys, lead, magnesium, rhenium, steel, titanium, and zinc.
The country produced significant amounts of other nonferrous and industrial mineral products, such as alumina, arsenic, barite, gold, molybdenum, phosphate rock, and tungsten.
The country was a large producer of mineral fuels, including coal, natural gas, oil, and uranium.
The country's economy is heavily dependent on the production of minerals.
Output from Kazakhstan's mineral and natural resources sector for 2004 accounted for 74.1% of the value of industrial production, of which 43.1% came from the oil and gas condensate extraction.
In 2004, the mineral extraction sector accounted for 32% of the GDP, employed 191,000 employees, and accounted for 33.1% of capital investment and 64.5% of direct foreign investment, of which 63.5% was in the oil sector.
Kazakhstan's mining industry is estimated at US$29.5 billion by 2017.
There is enormous potential for renewable energy in Kazakhstan, particularly from wind and small hydropower plants.
The Republic of Kazakhstan has the potential to generate 10 times as much power as it currently needs from wind energy alone.
But renewable energy accounts for just 0.6 percent of all power installations.
Of that, 95 percent comes from small hydropower projects.
The main barriers to investment in renewable energy are relatively high financing costs and an absence of uniform feed-in tariffs for electricity from renewable sources.
The amount and duration of renewable energy feed-in tariffs are separately evaluated for each project, based on feasibility studies and project-specific generation costs.
Power from wind, solar, biomass and water up to 35 MW, plus geothermal sources, are eligible for the tariff and transmission companies are required to purchase the energy of renewable energy producers.
An amendment that introduces and clarifies technology-specific tariffs is now being prepared.
It is expected to be adopted by Parliament by the end of 2014.
In addition, the World Bank's Ease of Doing Business indicator shows the country to be relatively investor-friendly, ranking it in 10th position for investor protection.