Kazgeologia and Cove Capital have created a joint venture to prospect for rare-earth metals and elements in Kazakhstan.
The Kazakh company will own 25% in the venture and Cove Kaz Capital Group – 75%.
The latter is a part of the international investment group Cove Capital that has been investing in mining projects since 2015.
Cove Capital has 11 concessions to develop critically important materials, such as lithium, beryllium, tantalum, rhodium, caesium, rubidium and tin in East Kazakhstan.
The joint venture will prospect at the Akbulak site in Kostanay region. (Ukrainian metal)