ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 16, 2008 No. 351

About approval of Rules of determination of historical costs and cost of geological information

According to Item 3-1 of article 69 of the Law of the Republic of Kazakhstan of January 27, 1996 "About subsoil and subsurface use" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of determination of historical costs and cost of geological information.

2. This resolution becomes effective from the date of the first official publication.

Approved by the order of the Government of the Republic of Kazakhstan of April 16, 2008 No. 351

Rules of determination of historical costs and cost of geological information

1. General provisions

1. These rules establish procedure for determination of historical costs and cost of geological information on subsoil.

2. Historical costs - the total last costs incurred by the state on geological studying of the contract area and investigation of fields.

3. The cost of packet of the geological information which is in state-owned property is determined as part of the amount of historical costs.

4. Historical costs are determined for all types of minerals, including popular minerals, underground waters and therapeutic muds.

5. Determination of the size of historical costs, cost and conditions of receipt of geological information on subsoil is carried out by authorized body on studying and use of subsoil (further - authorized body).

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