Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, November 7 (Xinhua) — Kazakhstan's national mining company Tau-Ken Samruk (TKS) and the American investment company Cove Capital signed an agreement to jointly develop the North Katpar and Upper Kairakty tungsten deposits in eastern Kazakhstan. This was announced on Friday by the press service of Kazakhstan's sovereign wealth fund Samruk-Kazyna.
The investment volume is approximately 1.1 billion US dollars.
The document was signed on the sidelines of the Central Asia USA summit in Washington by TCS CEO Narimanon Absametov and Cove Capital CEO Pini Althaus.
The North Katpar and Upper Kairakty deposits are among the largest in the world, with combined tungsten reserves amounting to 410,000 tons. The project's implementation is reported to contribute to the development of Kazakhstan's mining industry.
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