ASTANA, Kazakhstan, September 27. The US Cove Capital company plans to build a high-tech mining and metallurgical plant in the East Kazakhstan region, the Managing Partner at Cove Capital Pini Althaus said, Trend reports via the Kazakh Invest JSC.
He made the remark during a meeting with the Chairman of the Investment Committee of Kazakhstan’s Foreign Ministry Gabidulla Ospankulov in Astana today.
According to him, the project, aimed at processing rare earth metals, will establish a full production cycle - from ore enrichment to the production of finished goods with high added value.
Althaus also emphasized Kazakhstan's strategic importance for further expanding investments in the mining industry.
Cove Capital is already actively conducting geological exploration, the results of which will form the basis of the future mining and metallurgical plant project, he added.
The Kazakh Invest JSC, established by a decree of the President of Kazakhstan, works to facilitate the socio-economic development of the country by attracting foreign investments in priority economic sectors and supporting investment projects.
In 2018, the management rights of the company's shares were transferred to the Foreign Ministry of Kazakhstan. The company's goal is to become the leading agency for attracting investments in Central Asia and CIS countries.
Cove Capital is an independent, boutique investment bank with corporate finance and strategic advisory specialties that is licensed to raise capital in Australia and the US.
The firm offers senior-level strategic advice to its clients, originating and executing transactions for future company growth to maximize shareholder value.
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