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.…
The Kazakh Foreign Ministry notes growing interest in rare earth metals for high-tech sectors such as electronics, magnet and batteries manufacturing. “Foreign investors from Germany, South Korea, China, the US and Great Britain already offered to enhance cooperation in the field of rare earth metals. Japan, Indonesia and France seek to establish relations in this…
Kazakhstan is set to increase investment in production of rare and rare-earth metals, Minister of Industry and Construction Kanat Sharlapaev has said at the governmental hour in the Majilis. According to him, the country’s comprehensive plan of rare and rare-earth metals industry development for 2024-2028 has already been approved. Under the plan, the volume of…
President of Kazakhstan Kassym-Jomart Tokayev named the exploration and production of critical minerals a promising area of the cooperation between Kazakhstan and China. According to him, rare-earth metals became an important component for a wide range of technologies. They are needed for the achievement of net-zero emissions, including in such strategic sectors as industry, digital…
TriArc Mining is preparing to start operation at the Tomtorskoye deposit and construction of a mining and processing works in Krasnokamensk. Investments in the development of the rare-earth metals deposit in the Republic of Sakha (Yakutia) will exceed 55 billion rubles. So far the company has invested some 4 billion rubles. The capacity of the…
The project to develop the Tomtorskoye rare-earth metals deposit will be carried out. According to the Yakutia governor Aisen Nikolayev, the mining could start in 2-3 years. The Tomtor ore is rich in niobium and other rare-earth metals used in the manufacture of military machines, rocket-building, nuclear industry, etc. According to estimations, reserves of the…
VEB.RF has provided the first tranche to finance development of the design documentation on the Tomtor rare-earth metals deposit. The loan agreements between VEB.RF, Vostoc Engineering and Krasnokamensk Hydrometallurgical Works were concluded in September. The total amount of the loan is 1.5 billion rubles. The Tomtor deposit is situated in the Republic of Sakha and…
Arbitration decision on claim of Stans Energy Corp. must be confirmed in the jurisdictions of the respective countries, center for Judicial Representation of the Government of the Kyrgyz Republic reported. According to the center, the decision does not mean that the Kyrgyz side will automatically pay the arbitration amount. It must still be confirmed in…
