Cove KAZ Capital Group is seeking to extend the subsoil use license for the Severny Katpar deposit in the Karaganda region. The site contains tungsten, copper, bismuth, and molybdenum.
The Ownership Structure
The project is a joint venture: Cove KAZ Capital Group (part of US-based Cove Capital) holds a 70% stake, while the national company Tau-Ken Samruk retains 30%. Tau-Ken Samruk previously owned 100% of the asset.
License Status and Timeline
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