Tau-Ken Samruk, in partnership with the U.S. Department of State and the National Geological Survey (UGQ), will explore promising areas from the point of view of mining rare metals. In particular, it is referred to the sites located in the Kyzylorda and East Kazakhstan regions of Kazakhstan.
The Memorandum of Understanding was signed today in Astana by Bakyt Chirchikbayev, the Chairman of the Management Board of JSC NGK Tau-Ken Samruk, Kimberly Harrington, Deputy Assistant Secretary of the Department of State Bureau of Energy Resources, and Yerlan Galiyev, the Chairman of the Management Board of National Geological Survey JSC.
The document provides for an independent assessment of rare metal resources and the investment potential of the Aral region, including sampling, hydrological and laboratory analyses, geochemical studies in the Kalba-Narym belt, as well as a financial analysis of the Kazakh mineral resources sector in terms of taxation, transfer pricing, etc.
According to the preliminary agreements reached, at the first stage of cooperation, the U.S. Department of State will provide support in terms of technical expertise, UGQ will provide access to available historical geological data, JSC NMC Tau-Ken Samruk will own licenses for geological exploration of the subsoil.
As part of implementation of the goals of the Development Strategy for 2018-2028 on the formation of a high-quality portfolio of assets, ensuring the country’s resource security and the development of the rare and rare earth elements sector, Tau-Ken Samruk is actively searching for investors and partners for joint project implementation.