«Ertis» SEC» NC» JSC participates in Subsoil management projects by putting the right of subsoil use to the authorized capital of the company. All project funding is carried out by the partner. When a potential investor files an application, the SEC is holding a contest to choose the partner and joint activity agreement is signed with the winner.
The joint activity agreement defines basic terms of cooperation (the rights and obligations of the partners and the SEC, the terms of the joint venture establishment, cost recovery of SEC, and etc.)
After the signing of joint activity agreement, the SEC sends a request to the competent authority (Ministry of Investments and Development of the Republic of Kazakhstan) to participate in direct negotiations, and begins concluding contract process. The procedure consists of negotiations with the working groups of the Competent Authority and agreement of documents with 10 or more public authorities (Ministry of Environment, Ministry of Justice, Ministry of National Economy, Territorial Departments of Ecology and Emergencies, etc.) and it may take 1.5-2 years.

After signing a contract with the partner joint venture is established and the subsoil use right is transferred to the share capital in accordance with independent appraiser assessment.