During the visit of Kanat Sharlapaev, the Minister of Industry and Construction of the Republic of Kazakhstan, to Canada for the PDAC conference, the Kazakh delegation signed a Memorandum of Understanding in the field of geology with both the National Geological Service of Kazakhstan (NGS) and Koan Analytics Inc., as well as between the NGS and the Geological Survey of Finland (GTK). The document was signed on the Kazakh side by Erlan Galiev, Chairman of the Board of the NGS, on the Canadian side by Rob Wood, the executive of Koan Analytics Inc., and on the Finnish side by Kimmo Tiilikainen, Director General of GTK, press service of the Ministry of Industry and Construction reports.
The memorandum aims to explore the possibility with the NGS of establishing an Advanced Expertise Center in artificial intelligence to enhance the success and accuracy of mineral exploration processes. It also seeks to develop data transformation, predictive models, algorithms, and data analysis tools to identify potential mineral extraction sites.
Koan Analytics Inc. is a Canadian company that offers integrated solutions for organizations operating in the industrial sector. Their services include data transformation, architecture, data classification, selection, construction, and training of machine learning models, as well as algorithm development. They support forward-looking companies and help transform their data through their model of an analytical platform.
Subsequently, a Memorandum of Understanding was also signed between the National Geological Service of Kazakhstan and the Geological Survey of Finland (GTK).
GTK (Geological Survey of Finland) is Finland's leading geological center, specializing in the study of its geology, resource assessment, and the development of methods for their utilization and protection. They conduct a variety of research, including geological, geophysical, and geochemical studies, and are involved in mapping and database creation.
The signed Memorandums are an important indicator of the international community's interest in Kazakhstan's geological resources and the Canadian side's readiness to strengthen cooperation in the geology sector to improve investment and economic relations between our countries," noted Erlan Galiev, Chairman of the Board of the NGS.
FOR REFERENCE: The PDAC (Prospectors & Developers Association of Canada) Convention is an annual event that has become an integral part of the mining industry, bringing together thousands of professionals from around the world. Held in Toronto, Canada, it attracts geologists, investors, analysts, representatives of mining companies, equipment and service suppliers, as well as government officials.
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