The International Board of the Extractive Industries Transparency Initiative (EITI) has declared Kazakhstan as a "compliant country" onsofar as observing prescribed EITI standards.
According to an Embassy of Kazakhstan, New Delhi, release, the decision to grant Kazakhstan EITI compliant status was taken at a meeting of the body in Abidjan, Cote d'Ivoire.
The EITI said the Republic of Kazakhstan deserved the highest appreciation for achieving compliant status.
Kazakhstan joined EITI and assumed the obligation to implement EITI standards in 2005.
EITI standards are aimed at ensuring transparent revenues in the mining sector, both for companies and governments.
The EITI has a high international, political and anti-corruption status.
According to a Business Monitor report, Kazakhstan's mining industry is likely to be valued at USD 29.5 billion by 2017.
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Growth will be led almost exclusively by the coal, gold and copper sectors, which together account for the majority of the value of the Central Asian nation's mining industry.
Coal remains one of Kazakhstan's core industries, employing around 40,000 people only in the mineral-rich province of Karaganda, which yielded over 17 million tonnes of coal between January and July 2013.
There are also aggressive expansion plans for copper as well in the wake of London-based miner Kazakhmys and mining giant Rio Tinto announcing plans to commit USD 100 million for copper exploration in northern Kazakhstan.
The country is also said to rank in the top ten for iron, and gold, is a well-known diamonds exporter and holds the 11th largest proven reserves of both petroleum and natural gas.