The ministry of natural resources of Russia intends to reduce paperwork in the process of granting foreign companies mining rights. Kenes (Kenges) Rakishev supports the idea. Here is why.

One of the first positive responses to the initiative was given by the influential businessman of Kazakhstan Kenes (Kenges) Rakishev. In his opinion, the adoption of the amendments will allow the country’s economy to receive new financial injections and reduce bureaucratic difficulties, as well as give space to foreign entrepreneurs, which will have a positive impact on the state of business.

It is worth noting that the opinion of the businessman was supported by other foreign entrepreneurs operating in this area.

Kenes (Kenges) Rakishev has the unspoken status of a financial expert, as he has a solid experience of successful investment in companies in Kazakhstan, Russia, the UK and other countries.

At the moment, he is the largest shareholder of the company “Petropavlovsk”, leading gold mining at the mines. The company operates in Russia, but its management is headquartered in London. The share of its shares is 22.4% of the total potential of the company.

The Ministry of Natural Resources and Environment has recently launched an initiative to simplify the access of foreign companies to gold mining in Russia. The Ministry’s proposals were published in official sources and sent for further consideration.

According to the concept developed by the Ministry of Natural Resources, if the amendments are adopted, the process of obtaining a permit for activities on the territory of Russia will be easier for foreign gold mining companies and the stage of applying to the Government of the country will be excluded.

All the provisions submitted for consideration are of a motivating nature. According to the idea of the lawmakers, direct investment in the economy will be increased several times due to the activation of foreign entrepreneurs.

Kenges Rakishev – the path to success

Kenes (also spelled as Kenges) Rakishev was born in 1979 in the family of a significant political figure of Kazakhstan.

From school, the young man was interested in politics, law and economics, which played an important role in his further choice of life and profession.

After receiving basic general education, Kenes Rakishev entered two universities and received diplomas in law and economics. Realizing that education was the future, he became a student who successfully graduated from Oxford Business School. With a solid theoretical foundation, the businessman began his journey to success.

Initiative, preparedness and foresight allowed the businessman to become a major investor in many companies and the leader of his own projects.