The Mining and Metallurgical Industry of Kazakhstan: Current State of Problems, and Strategic Development Priorities
Rashit S. Karenov, Yerkenazym D. Orynbassarova, Yekaterina B. Romanko, Turlybek B. Kazbekov
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Abstract

The sustainable growth of the mining and metallurgical industry and its integration into the world economy becomes relevant in the context of Kazakhstan’s competitive position in terms of mineral raw materials reserves and production thereof. The goal of the research is to analyze the current state of Kazakhstan’s mining and metallurgical complex, identify its problems, and formulate strategic priorities for the development of the complex in modern conditions. The article provides a detailed analysis of the current state of the large vertically integrated companies of the mining and metallurgical industry of Kazakhstan. It was concluded that integrated multinational companies and industry associations have proven their effectiveness on the global market; moreover, they made a considerable contribution to the economy of the country. The SWOT analysis of the mining and metallurgical industry showed that the main problems and threats for the development of the national mining industry came from external circumstances, global trends, and internal conditions. The prospects for the mining and metallurgical industry and the main strategic background for its long-term development on the domestic and foreign markets were identified.

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Research Article

INT ELECT J MATH ED, 2016, Volume 11, Issue 7, 2239-2254

Publication date: 01 Sep 2016

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