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Cove Kaz, Tau-Ken Samruk partner on Kazakhstan tungsten project
Yahoo Finance· 2026-02-16 09:54
Core Viewpoint - Cove Kaz Capital Group has entered into agreements with Tau-Ken Samruk National Mining Company to advance the development of tungsten deposits in Kazakhstan, marking a significant milestone for the venture [1][2]. Group 1: Project Details - Cove Kaz Capital Group will hold a 70% ownership interest in Severniy Katpar, while Tau-Ken Samruk will own the remaining 30% [2]. - Development costs for the project are estimated at $1.1 billion, with production expected to contribute approximately 15% of current global tungsten output [2]. - The feasibility studies indicate mineral resources compliant with JORC standards, containing 1.4 million tonnes of tungsten trioxide, which represents around 70% of Kazakhstan's estimated tungsten resources [2]. Group 2: Production Plans - Planned production output includes 5,000 tonnes per annum from Northern Katpar and 7,000 tonnes per annum from Upper Kairakty [3]. - The deposits are located in the Karaganda mining district, known for its strong infrastructure [3]. Group 3: Strategic Importance - Cove Kaz is progressing towards a definitive feasibility study that will include establishing refining capacities in Kazakhstan to produce ammonium paratungstate and other tungsten compounds [4]. - The project is supported by the Export-Import Bank of the US and the US International Development Finance Corporation, which are providing financing of up to $900 million and $700 million, respectively [5]. Group 4: Economic Impact - The project is expected to create approximately 2,000 jobs during the construction and operation phases, contributing to foreign direct investment and long-term economic growth [6].
Atomic Minerals Hails Landmark U.S. Speech on Critical Minerals Supply Chains
TMX Newsfile· 2026-02-04 19:35
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Atomic Minerals Corporation (TSXV: ATOM) (OTCQB: ATMMF) (FSE: DO8) ("Atomic Minerals" or the "Company") today congratulates the United States administration for its decisive leadership and strategic vision on securing and diversifying global critical minerals supply chains, following the recent speech delivered by Vice President J.D. Vance and Secretary Rubio.Clive Massey, CEO of Atomic Minerals, commented:"The remarks delivered by Vice Pre ...
X @Bloomberg
Bloomberg· 2025-08-05 02:29
Financial Support - Nyrstar 将从澳大利亚政府获得 8700 万美元的资金,以防止 Port Pirie 铅冶炼厂和 Hobart 锌厂关闭 [1] Strategic Expansion - Nyrstar 正在研究一项潜在的扩张计划,旨在建立中国以外的关键矿产供应链 [1]