Tau-Ken Samruk, Cove Capital to conduct exploration at Akbulak site in Kostanay regionThe Tau-Ken Samruk (TKS) mining company and the American Cove Capital entered into an agreement on geological exploration at the Akbulak site in the Kostanay region, the press service of Samruk-Kazyna reported.“It is planned to form a joint venture between TKS’s subsidiary, Kazgeology JSC, and Cove Capital. Cove Capital will fully finance geological exploration until reserves are booked,” the information says.The head of the Samruk-Kazyna fund, Nurlan Zhakupov, held a meeting with the founder and managing partner of Cove Capital, Pini Althaus, where the parties discussed priority areas of cooperation.“I support Cove’s decision to continue exploration work at the Akbulak project in cooperation with TKS. By working together, we can ensure a more sustainable and safe future,” Zhakupov is quoted as saying in the press release.According to Kazgeology JSC, the Akbulak site contains deposits of rare-earth metals, as well as tin, silver, lithium and other elements.The investment company Cove Capital was founded in 2015. Cove invests in biopharmaceuticals, renewable energy, clean technology and mining. Cove Capital LLC, through KAZ Resources LLC (USA), owns KAZ Critical Minerals LLP. The company's head office is located in the USA.Tau-Ken Samruk JSC founded in 2009, unites the mining assets of the state, and is part of the Kazakh state fund Samruk-Kazyna. (ICE ALMATY)

Fonte notizia: INTERFAX