Qazgeology

What Qazgeology does

АО «Казгеология» (Qazgeology) is a 100% state-owned national geological exploration company of Kazakhstan, established in 2011 by government resolution and headquartered in Astana. It conducts subsurface mineral exploration across the country's 9 regions, targeting gold, copper, copper-porphyry, polymetallic, pyrite-polymetallic, iron ore, and rare earth deposits through a combination of state geological programs and joint exploration projects with private mining companies. As of recent disclosures, the company employs 213 specialists and experts, has executed more than 44 projects since founding, and has attracted over 50 billion tenge in cumulative project investments.

The company's operations are delivered through an integrated ecosystem: its 100%-owned subsidiary Kazgeology Drilling handles drilling and blasting works, while a joint partnership laboratory with ALS Global (ALS Kazgeokhimiya, located in Karaganda) provides international-standard geochemical analysis. The laboratory is equipped with XRF (X-ray fluorescence), ICP-AES (atomic emission spectrometry for 35 elements), AAS (atomic absorption), fire assay with gravimetric finish, and TerraSpec infrared scanning, all managed through an automated GEMS LIMS system processing over 200,000 samples per year. Technology is conventional analytical chemistry and laboratory workflow automation rather than AI/ML.

Commercially, Qazgeology operates an enterprise field-sales motion serving two primary segments: (1) government and national mining holdings (under its parent Tau-Ken Samruk, itself part of Samruk-Kazyna National Welfare Fund) executing state geological programs, and (2) domestic and international mining companies (including Kazakhmys, Kaztsink, YILDIRIM Holding, and IG Global) through joint exploration projects and contracted services. Revenue is generated through managed services and professional services models funded by government budgets, national mining holding investments, and B2B contracts with mining counterparties. Following the 2023 ownership transfer to Tau-Ken Samruk and designation as Kazakhstan's national geological exploration company, Qazgeology functions as the state's primary instrument for strategic mineral resource development.

Name

Qazgeology

Legal name

АО «Казгеология»

Website

https://kazgeology.kz

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Qazgeology is Kazakhstan's 100% state-owned national geological exploration company conducting subsurface mineral exploration across all 9 regions for gold, copper, polymetallic, iron, and rare earth deposits. It serves government programs and joint projects with mining companies through an integrated drilling subsidiary and ALS Global laboratory partnership.

Ownership category

akta.pro rank

Product category

Geological Exploration Services

NAICS

Support Activities for Mining (213)

SIC

Metal Mining (1000)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Geological exploration services
• Mineral resource surveying
• Subsoil exploration
• Geochemical laboratory analysis
• Mining exploration drilling

Headquarters

HQ city

Astana

HQ country

Kazakhstan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Government Geological Programs: Execution of state programs for geological exploration, search, and evaluation of strategic mineral deposits throughout Kazakhstan. Funded through government budgets and national mining holding investments.
2. Joint Exploration Projects with Mining Companies: Collaborative geological exploration projects with private mining companies including copper, gold, polymetallic, and rare earth exploration services. Projects are structured as joint ventures or contracted exploration services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Qazgeology performs geological exploration of Kazakhstan's subsurface for strategic mineral deposits including gold, copper, polymetallic, copper-porphyry, iron, and rare earth ores. The company delivers end-to-end exploration services encompassing field geological surveys, drilling and blasting through its Kazgeology Drilling subsidiary, and geochemical/analytical laboratory research via the ALS Kazgeokhimiya joint laboratory in Karaganda. Operations span 9 regions of Kazakhstan and are delivered to government programs and mining companies through joint exploration projects.

Product overview

AO «Kazgeology» operates as a high-tech geological exploration company offering subsurface exploration services for strategic minerals across Kazakhstan. The company operates through its 100% subsidiary ТОО «Kazgeology Drilling» for drilling and blasting operations, and maintains a partnership with the ALS Казгеохимия laboratory for geochemical and analytical research. The portfolio includes exploration for gold, copper, polymetallic ores, copper-porphyry deposits, rare earth elements, and iron ores, delivered through 20 joint projects with 12+ partner companies across 8 regions of Kazakhstan.

Differentiator

Problem solved

Functional benefit

Products and services

• Geological Exploration Services End-to-end geological exploration of Kazakhstan's subsurface for gold, copper, polymetallic, copper-porphyry, iron, and rare earth mineral deposits, delivered to government programs and private mining companies through joint exploration projects across 9 regions.
• Drilling and Blasting Operations (Kazgeology Drilling)

Quantifiable outcome

• Over 50 billion tenge in attracted investments
• +2 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core, major and standard.

• TOO «Kazgeology Drilling»coreStrategic or Co-development Partner100% subsidiary company handling production drilling and blasting operations at mineral deposits. Provides in-house drilling capabilities for exploration projects.
• TOO «ALS Kazgeokhimiya»coreTechnology or IntegrationPartnership laboratory for geochemical and analytical research of samples. Located in Karaganda, processing 200,000+ samples per year. Equipped with XRF, ICP-AES, AAS, fire assay capabilities, and automated GEMS LIMS system. Part of ALS Global network with over 50 years of geochemistry experience.
• TOO «Korporatsiya Kazakhmys»majorStrategic or Co-development PartnerLeading Kazakhstani mining company partnered for gold and copper-containing ore exploration at AltynKazgan ore field in Kostanay and Karaganda regions.
• TOO «Kaztsink»majorStrategic or Co-development PartnerMajor zinc producer partnered for pyrite-polymetallic ore exploration at Sakmarikhinsko-Chernoubinskaya area in East Kazakhstan region.
• IG GlobalmajorStrategic or Co-development PartnerInternational mining company partnered for copper-porphyry ore exploration at Balkhash-Saryshagan area.
• COVE KAZ CAPITAL GROUP LLCmajorStrategic or Co-development PartnerPartnered for iron-containing ore exploration at Akkuduk area in Zhambyl region.
• TOO «MetalGiant»standardStrategic or Co-development PartnerMining company partner for exploration of gold-containing and copper-containing ores on Western area.
• TOO «Batys Bayken»standardStrategic or Co-development PartnerPartner for exploration of gold-containing polymetallic ores in Tellyur-Stepokskaya area in Akmola region.
• TOO «PetraMaer»standardStrategic or Co-development PartnerPartner for gold-containing ore exploration at Karabaibulak, Sarymsaktin, and Arpaozen-Kultas ore fields.
• TOO «QAZAQ GOLDEN»standardStrategic or Co-development PartnerPartner for gold-containing ore exploration at Dyukarevskaya area.
• TOO «Minerals KazGroup»standardStrategic or Co-development PartnerPartner for copper-porphyry ore exploration at Korgantas area.
• TOO «Korgantas Minerals»standardStrategic or Co-development PartnerPartner for copper-porphyry ore exploration at Korgantas area.
• YILDIRIM HOLDINGmajorStrategic or Co-development PartnerInternational mining holding partnered for hematite (iron ore) exploration at Taulinskaya area.
• ALS GlobalcoreTechnology or IntegrationGlobal laboratory services provider partnered through TOO ALS Kazgeokhimiya joint venture. Provides international-standard geochemical analysis with over 50 years of industry experience.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Regional players

• Geological Survey of India: Government entity responsible for geological surveys and mineral exploration in India. Comparable as a national geological survey/exploration agency with similar mandate to study subsoil and assess strategic mineral resources domestically.
• Rosgeo (Russian Geological Holding): State-owned geological exploration holding in Russia performing regional geological mapping, prospecting, and mineral exploration. Comparable as a sovereign-backed national geological services counterpart operating across a similar CIS regulatory environment.

Direct peers

• CSA Global: Mining industry consulting firm specializing in geological services, resource estimation, and exploration project management. Comparable as a provider of high-end geoscience consulting services to mid- and large-cap mining companies globally.
• ALS Limited: Parent of Qazgeology's JV partner ALS Kazgeokhimiya and the world's largest third-party mineral testing laboratory network. Directly comparable as a geochemical analysis and assaying service provider for the mining sector.
• WSP (formerly Golder): Engineering and professional services firm with significant mining and ground-engineering capabilities inherited from Golder Associates. Comparable as a multidisciplinary exploration-support and mining consulting peer.
• SRK Consulting: Independent global mining and geological consultancy providing exploration, resource estimation, and feasibility services. Directly comparable to Qazgeology as a competitor for mining-company exploration mandates in Central Asia and similar emerging-market geology hubs.
• Boart Longyear: Global provider of drilling services, equipment, and performance tooling for the mining and exploration industry. Directly comparable to Qazgeology's wholly-owned drilling subsidiary (Kazgeology Drilling) as a contractor for mineral exploration drilling campaigns.

Broad incumbents

• Bureau Veritas: Global testing, inspection, and certification group with a minerals and metals segment. Comparable as a broader incumbent offering mineral testing and commodity inspection services across the mining value chain.
• Intertek: International quality-assurance provider with minerals testing capabilities serving mining operators. Comparable as an incumbent assay and exploration-support services competitor with global footprint.
• SGS: Global inspection, verification, testing, and certification company with a substantial minerals services division offering on-site and laboratory assaying. Comparable as an international lab-services peer that mining majors use alongside national geological explorers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kazgeology

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qazgeology