Kazakhstan : ce qu'il faut savoir

Kazakhstan is a country with large reserves of rare metals, among which significant deposits of tungsten and molybdenum occupy a special place. Kazakhstan s'impose comme l'un des sujets qui mobilisent l'attention en United Kingdom ce jeudi.

Les faits

• Kazakhstan is a country with large reserves of rare metals, among which significant deposits of tungsten and molybdenum occupy a special place.
• It has recently become known that Kazakhstan’s national company Tau-Ken Samruk, which is part of the Samruk-Kazyna sovereign wealth fund, has concluded a deal to sell a 70% stake in the Severniy Katpar deposit in the Karaganda region to the American investment company Cove Kaz Capital Group.
• Moreover, US influence in Kazakhstan has declined in recent years—after active participation in oil projects in the 1990s, American companies have gradually been exiting the Kazakh market.
• Skyline Builders Group Holding Limited, listed on Nasdaq under the ticker SKBL, and Cove Kaz Capital Group, a U.S.-backed geological exploration and mining company with operations in Kazakhstan, have entered into a Transaction Agreement to effect a business combination.
• The transaction is expected to close in the fourth quarter of 2026 or early 2027, subject to shareholder and regulatory approvals.

L'essentiel

Dans le détail, it has recently become known that Kazakhstan’s national company Tau-Ken Samruk, which is part of the Samruk-Kazyna sovereign wealth fund, has concluded a deal to sell a 70% stake in the Severniy Katpar deposit in the Karaganda region to the American investment company Cove Kaz Capital Group.

Sur le fond, Moreover, US influence in Kazakhstan has declined in recent years—after active participation in oil projects in the 1990s, American companies have gradually been exiting the Kazakh market.

Concrètement, Skyline Builders Group Holding Limited, listed on Nasdaq under the ticker SKBL, and Cove Kaz Capital Group, a U.S.-backed geological exploration and mining company with operations in Kazakhstan, have entered into a Transaction Agreement to effect a business combination.

Au-delà de ce constat, the transaction is expected to close in the fourth quarter of 2026 or early 2027, subject to shareholder and regulatory approvals.

Reste à préciser que the most recent feasibility studies report total JORC-compliant mineral resources containing 1.4 million tonnes of tungsten trioxide, representing approximately 70% of Kazakhstan’s estimated 2 million tonnes of tungsten resources.

Les chiffres

À noter par ailleurs : Through its wholly owned subsidiary Kaz Critical Minerals, the combined company also holds 15 critical minerals concessions in Kazakhstan covering rare earth elements, lithium, tantalum, beryllium, niobium, cesium, and tin, as well as a 75% interest in the Akbulak Rare Earth Project.

Plus précisément, Under this agreement, which began in February 2026 and is part of a broader strategy to develop the critical minerals sector, Cove Capital has committed to investing at least $1.1 billion in the project.

Dans la foulée, more specifically, we are talking about approximately 28 million tonnes of rare earth metals, but of all deposits, only about 30% are actually being developed, and even then in a limited capacity, while the remaining 60–70% remain completely untapped.

“China considered the investment opportunity and offered around $750 million, but ultimately withdrew due to excessively high risks and the need for substantial financial injections.

Ce qui se dit

“The United States has actively joined in, covering the bulk of the deal and taking on the technological component and development,” he said.

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Le contexte

Reste à préciser que Global demand for these resources has recently increased considerably, which has also been reflected in rising prices.

À noter par ailleurs : However, Kazakhstan’s own needs for these types of mineral raw materials are quite limited; therefore, the main task is to find export markets for these metals.

Plus précisément, it also suggests that the competition between the United States and China for Kazakhstan’s rare minerals has entered a decisive phase.

Dans la foulée, In particular, according to Sharip Ishmukhamedov, Candidate of Political Sciences, economist and political analyst, the competition between the United States and China for Kazakhstan’s rare earth resources has long taken on a systemic character, rooted in the policies of these major powers.

À ce stade, Highlighting Kazakhstan’s uniqueness and its resource base, the expert noted that by ranking second in the world in rare earth metal reserves—second only to China—the country automatically becomes a key object of interest for global powers.

Recherches associées

Plusieurs requêtes connexes accompagnent ce sujet : Des Boeing 737-9 pour relier le Kazakhstan au monde • Le Kazakhstan lance un projet ambitieux : deux milliards d’arbres et le retour du tigre • Kazakhstan : SCAT Airlines accélère sa modernisation de flotte avec le Boeing 737 MAX 9 • Guerre en Ukraine : Kazakhstan, Bangladesh, Burundi… La Russie s’apprête à recruter des milliers de combattants étrangers • Extractivisme crépusculaire au Kazakhstan • Au Kazakhstan, 19 manifestants pour les droits des minorités musulmanes en Chine sévèrement condamnés.

À retenir

• It has recently become known that Kazakhstan’s national company Tau-Ken Samruk, which is part of the Samruk-Kazyna sovereign wealth fund, has concluded a deal to sell a 70% stake in the Severniy Katpar deposit in the Karaganda region to the American investment company Cove Kaz Capital Group.
• The transaction is expected to close in the fourth quarter of 2026 or early 2027, subject to shareholder and regulatory approvals.
• The most recent feasibility studies report total JORC-compliant mineral resources containing 1.4 million tonnes of tungsten trioxide, representing approximately 70% of Kazakhstan’s estimated 2 million tonnes of tungsten resources.
• Recherches qui explosent : Des Boeing 737-9 pour relier le Kazakhstan au monde, Le Kazakhstan lance un projet ambitieux : deux milliards d’arbres et le retour du tigre, Kazakhstan : SCAT Airlines accélère sa modernisation de flotte avec le Boeing 737 MAX 9, Guerre en Ukraine : Kazakhstan, Bangladesh, Burundi… La Russie s’apprête à recruter des milliers de combattants étrangers.