Mining - The Times Of Central Asia

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Critical Minerals

Central Asia Seeks More Local Value From Critical Minerals

Rising demand for critical minerals is drawing Central Asia deeper into global supply chains, but the region’s harder test is not whether it has the deposits. It is whether more value can stay at home. Copper, tungsten, graphite, antimony, rare earths and other metals now sit at the center of battery production, power grids, chips, weapons systems, and renewable energy. Governments across the region want the sector to bring capital, jobs, and technology. The risk is another cycle in which raw materials leave the region, and most of the value is created elsewhere. The scale of the region’s reserves explains why outside interest is rising. An OECD review of critical raw materials in Central Asia says the region holds 39% of global manganese ore reserves, 31% of chromium, 20% of lead, 13% of zinc, 9% of titanium, 6% of aluminum, and 5% each of copper, cobalt, and molybdenum. The same review says Kazakhstan can export 21 of the 34 critical raw materials on the EU list, while Kyrgyzstan has the world’s third-largest antimony reserves, and Uzbekistan has the world’s eleventh-largest copper reserves. Uranium widens the picture: Kazakhstan is the world’s largest uranium producer, accounting for 39% of mined uranium supply in 2024, according to the World Nuclear Association. Kazakhstan has moved fastest in turning this base into policy. The prime minister’s office says the country will spend about $500 million over three years on geological exploration and modernizing infrastructure. The plan includes seismic surveys, new data systems, and a geological cluster in Astana. The government wants to raise geological study coverage to 2.2 million square kilometers. President Kassym-Jomart Tokayev has linked the sector to Kazakhstan’s wider industrial plans. In his 2025 state-of-the-nation address, Tokayev said the mining and metallurgical complex still had “significant growth potential, particularly in the production of high-value-added products.” New discoveries have sharpened that push. Kazakhstan’s industry ministry said in 2025 that geologists had identified the Zhana Kazakhstan rare earth site, with estimated resources of more than 20 million metric tons. The site contains neodymium, cerium, lanthanum, and yttrium. Officials have also cited the Kuirektykol site in the Karaganda Region, where confirmed reserves are estimated at 795,800 tons, with total resources estimated at 935,400 tons. Uzbekistan is making its strongest move in copper and processing capacity. In March, President Shavkat Mirziyoyev launched Copper Concentrator No. 3 at the Almalyk Mining and Metallurgical Complex. The $2.7 billion facility is designed to process 60 million tons of ore and produce about 900,000 tons of copper concentrate per year. Once fully operational, it is expected to raise daily concentrate output at Almalyk from 2,400 tons to 5,000 tons. Uzbekistan’s minerals push has also drawn U.S. support. Uzbekistan and the United States signed a memorandum on critical minerals and rare earth supply chains in February, giving Tashkent a clearer place in Washington’s effort to diversify critical minerals supply chains beyond China. The U.S. International Development Finance Corporation later signed a Joint Investment Framework with Uzbekistan, stating that this would “promote cooperation...

Critical Minerals

Central Asia Enters the Minerals Race

Central Asia is entering the critical minerals race at a time when deposits alone no longer confer strategic advantage. The Astana Mining & Metallurgy Congress, scheduled for June 11–12 at Hilton Astana, gives the issue operational form: supply chains, investment, and commercial projects. U.S. Under Secretary Jacob Helberg will participate there and in the preceding C5+1 Critical Minerals Dialogue on June 10–11. The Astana agenda also puts Central Asia’s role in global supply chains directly into view. The test is how quickly governments, investors, and industrial buyers can finance, process, move, and purchase minerals before they are locked into industrial supply chains. The G7 is moving in the same direction, but through institutional design rather than industrial action. The group is discussing a permanent critical minerals secretariat to maintain continuity across changing G7 presidencies, possibly at either the International Energy Agency or the OECD. The proposal acknowledges a real deficiency in Western coordination, but it also reveals the larger problem: continuity is useful only if it becomes execution. At the same time, reports have circulated about disagreements over stockpiling and leadership, including European resistance to both a single shared stockpile and a U.S.-led structure. For Central Asia, the practical question is not institutional architecture alone, but whether such coordination produces finance, processing capacity, and long-term offtake. The June dialogue in Astana is part of a wider C5+1 movement from diplomacy toward operational cooperation. Its participants are trying to convert the platform from a talk shop into a vehicle for business transactions. As TCA has reported, U.S. engagement in the region is increasingly tied to business mechanisms, export-credit support, and project finance. Kazakhstan has already moved into this framework track. Kazakhstan and the United States signed a memorandum of understanding on critical minerals cooperation during Tokayev’s November 2025 visit to Washington, and the agreement took immediate shape through the Tau-Ken Samruk–Cove Capital tungsten project. Kazakhstan’s Foreign Ministry later described the MOU as the first agreement of its kind in Central Asia, providing for processing capacity in Kazakhstan, technology transfer, and expanded access for Kazakh products to the U.S. market. In February 2026, Uzbekistan followed with its own U.S. critical minerals track: TCA reported that Tashkent signed a critical minerals MOU on February 4, and that DFC heads of terms for a Joint Investment Framework followed on February 19. Central Asian governments are not passive terrain for outside competition. Kazakhstan, with Central Asia’s most developed mining and metallurgical base, and Uzbekistan, with a rapidly expanding minerals program, are using minerals competition to attract capital and build processing capacity. They are seeking to diversify partners and move beyond dependence on raw material exports. The regional objective is industrial upgrading while preserving room for maneuver between China, Russia, the United States, Europe, and other partners. The minerals question cannot be separated from the larger Eurasian setting. Central Asia is trying to widen its own field of choice before its options are narrowed by what Hudson Institute senior fellow Ken Moriyasu called, in comments to...

Mining

Astana Mining Congress to Highlight Kazakhstan’s Role in Critical Minerals

The 16th International Mining and Metallurgy Congress and Exhibition, Astana Mining & Metallurgy (AMM) 2026, will take place on June 11-12 at the Hilton Astana, bringing together mining and metals companies, investors, technology suppliers, government officials, and industry experts. The forum comes as Kazakhstan is trying to strengthen its position in the global critical minerals race. The country already has a large extractive base, but officials and industry groups are increasingly focused on processing, technology, and investment partnerships rather than raw-material exports alone. Kazakhstan’s appeal lies not only in the size of its mineral base, but also in the timing. The U.S. Department of Commerce says the country has substantial reserves of rare earth elements, copper, lithium, tungsten, tantalum, and other materials used in clean energy, advanced manufacturing, and defense technologies. The European Union has also signed a strategic partnership with Kazakhstan on raw materials, batteries, and renewable hydrogen, underscoring Astana’s growing role in efforts to diversify supply chains away from dominant producers. According to Kazakhstan's Bureau of National Statistics, the country's industrial production index reached 107.5% in 2025. Mining and quarrying grew by 9.4%, driven by higher production of coal, crude oil, natural gas, and other minerals. Organizers said the wider mining and metallurgical complex, including related industries such as mechanical engineering, logistics, energy, and industrial services, may account for up to a quarter of Kazakhstan's economy. Against that backdrop, they said the sector needs new investment, technological solutions, and expanded international partnerships. Alongside the congress, an international specialized exhibition dedicated to mining and metallurgical technologies will be held. The exhibition will feature solutions for geological exploration, extraction and processing of raw materials, industrial automation, and workplace safety. Companies from Germany, Kazakhstan, Canada, China, Russia, Saudi Arabia, Finland, France, the Czech Republic, and Sweden are expected to participate. National delegations from Canada, Saudi Arabia, the United States, and Sweden are also expected to attend. Among the new participants announced by organizers are INCO Engineering, ABP Engineering, David Brown Santasalo, and Actuator Service. Last year's event attracted about 2,900 industry professionals, while 50 companies participated in the exhibition. The business program will be held under the slogan “From the Depths of the Earth to the Heights of Intelligence,” with a focus on digitalization and technological transformation in the industry. The first day will include a plenary session on global partnerships in mining and metallurgy, as well as panel discussions on international metals trade, the investment climate, taxation, and critical minerals. Particular attention will be paid to copper's role as a strategic metal. Copper is central to electrification, grid expansion, and data infrastructure, making it one of the metals most closely tied to the energy transition. The critical minerals component gives the event a wider geopolitical significance. Kazakhstan's Foreign Ministry said in April that Astana had invited the U.S. Under Secretary of State for Economic Affairs Jacob Helberg to participate in AMM and the first C5+1 Critical Minerals Dialogue, both scheduled for June in Astana. The C5+1 format brings together the...

Critical Minerals

U.S.-Kazakhstan Tungsten Venture Advances as Critical Minerals Cooperation Deepens

A U.S.-linked critical minerals venture in Kazakhstan is moving forward with plans to develop one of the world’s largest undeveloped tungsten resources, strengthening cooperation between Washington and Astana at a time of growing demand for secure mineral supply chains and greater Western interest in Central Asia’s strategic minerals base. Skyline Builders Group Holding Ltd. and Cove Kaz Capital Group LLC have announced a merger agreement that would create Kaz Resources Inc., a Nasdaq-listed company focused on tungsten, rare earths, and other critical minerals. The combined company is expected to trade under the ticker symbol “KAZR,” subject to shareholder and regulatory approvals and other closing conditions. The transaction builds on cooperation between Cove Kaz Capital and Kazakhstan’s national mining company, Tau-Ken Samruk. Cove Kaz has acquired a majority interest in Severniy Katpar LLP, which holds licenses for the Northern Katpar and Upper Kairakty tungsten projects in Kazakhstan’s Karaganda mining district, while Tau-Ken Samruk retains a minority stake, giving Kazakhstan’s state mining sector continued participation in the project. The Financial Times has reported that Donald Trump Jr. and Eric Trump held indirect stakes in Skyline Builders, the Nasdaq-listed company that has agreed to combine with Cove Kaz Capital. The reported investments were made through a Dominari-affiliated vehicle before the business combination. The report has drawn scrutiny because of the project’s connection to U.S. critical minerals policy and potential U.S. government-backed financing. The report cites no evidence that the Trump sons influenced the project award or the financing process. A spokesperson for Donald Trump Jr. said he is a passive investor, has no operational role, and does not engage with the federal government on behalf of companies in which he invests or advises. Eric Trump did not respond to requests for comment reported by the Financial Times. The Export-Import Bank of the United States and the U.S. International Development Finance Corporation have issued letters of interest indicating potential financing support for the project. Such letters are preliminary expressions of interest, not final loan approvals, binding commitments, or government contracts, and any financing would remain subject to due diligence, agency approvals, and other conditions. The projects are strategically significant because tungsten is widely used in defense, aerospace, industrial manufacturing, and advanced technologies. The United States has identified tungsten as a critical mineral and has sought to diversify supply chains amid heavy global dependence on China. Kazakhstan’s tungsten deposits hold significant potential, but many remain at an early stage of development, requiring substantial investment and time before production can scale. Even so, the country has begun to emerge as a meaningful producer, with public and industry estimates pointing to Kazakhstan becoming a top-three producer in 2025 after the launch of the Boguty deposit, behind China and Vietnam. The Association of Mining and Metallurgical Enterprises has cited production of around 2,400 tons of tungsten in 2025. The country’s rising role in the global market coincides with a sharp increase in tungsten prices. Following export restrictions imposed by China in February 2025, prices rose sharply through 2025...

Critical Minerals

How Kazakhstan Is Seeking to Attract Global Capital to Critical Mineral Extraction

In March 2026, Kazakhstan moved into the spotlight of the global mining industry. Against the backdrop of an accelerating energy transition and a growing shortage of critical minerals, the government has launched a large-scale geological exploration program. Its strategic objective is to position the country as a key supplier of copper and rare earth elements (REEs) to global markets. For Western investors, this represents an important signal. A significant, relatively underexplored resource base is emerging, supported by regulatory reforms designed to facilitate access. The state assumes early-stage risks The new investment cycle was officially presented at PDAC 2026, one of the world’s largest mining conventions held in Toronto. Unlike previous initiatives that were largely declarative, Kazakhstan has backed its strategy with direct funding: approximately $81 million has been allocated from the state budget for geological exploration. The funds are intended to support a comprehensive assessment of mineral resources in 11 regions of the country. The central rationale is to lower entry barriers for private capital. The government is financing early-stage geological work, including mapping, airborne geophysical surveys, and preliminary resource evaluations. Investors are expected to receive access to “pre-qualified” sites with confirmed potential, an approach commonly used in established mining jurisdictions. This is particularly important because early exploration has historically been the riskiest and most capital-intensive phase of mining projects. The energy transition reshapes demand Growing interest from Western investors is driven by both domestic reforms and global market dynamics. Forecasts by the International Energy Agency indicate that demand for key minerals such as copper, lithium, and cobalt is likely to rise substantially by 2040. Existing mining and processing capacities may prove insufficient to meet projected needs. At the same time, geopolitical tensions are increasing. Processing of rare earth elements remains concentrated in a limited number of countries, making global supply chains vulnerable to disruption. In response, the United States and the European Union have introduced policies aimed at diversifying sources of critical raw materials. The EU’s Critical Raw Materials Act seeks to encourage investment in alternative supply chains. Against this backdrop, Kazakhstan, whose mineral exploration has historically focused on oil and uranium, is emerging as a potential contributor to global diversification efforts. Focus on junior mining companies and regulatory transparency One of the government’s key tools for attracting investment is the development of an ecosystem of junior mining companies specializing in early-stage exploration. Unlike large corporations, junior firms are often willing to assume the risks associated with drilling and initial geological assessments. If commercially viable deposits are identified, these companies typically sell their assets to strategic investors, helping to create a venture-capital-style market within the extractive sector. To support this model, Kazakhstan has reformed its Subsoil Code, introducing a “first come, first served” licensing principle. Digital platforms are now used to allocate exploration rights, reducing processing times and limiting opportunities for corruption. In effect, the country is adopting regulatory practices similar to those used in Australia, widely regarded as one of the world’s most investor-friendly mining jurisdictions. $1.1 billion project signals...

Coal

Kazakhstan’s Largest Coal Mine to Increase Production from 2026

Bogatyr Kömir LLP, the operator of Kazakhstan’s largest coal mine in Ekibastuz, in Pavlodar region, plans to gradually increase production beginning in 2026, the Ministry of Energy reports. The company, which uses open-pit mining, is the country’s largest supplier of coal to the domestic market, accounting for about 38% of total coal output. According to the ministry, coal production in Kazakhstan reached 120.5 million tons in 2025. With balance reserves estimated at 2.4 billion tons, the company is positioning itself for long-term growth. Under current plans, output is expected to rise from 42.7 million tons in 2024 to 45.2 million tons by 2026, reaching 56.5 million tons annually by 2032. The expansion will be backed by a $733 million investment program for 2026-2032. Funds will be allocated to capital construction and technological upgrades, including the introduction of cyclic-flow technology at the Severny open-pit mine and the development of new spoil tips. The company also plans to modernize its mining transport fleet and reconstruct and overhaul existing facilities to ensure stable fuel supplies to the energy sector. The Ministry of Energy links the production increase to the implementation of a national project to expand coal-fired power generation. The Pavlodar region already plays a central role in the country’s energy system, accounting for about 42% of Kazakhstan’s total electricity generation last year. Key elements of the program include expanding the Ekibastuz GRES-2 power plant, increasing its installed capacity from 1 GW to 2.1 GW; constructing a new Ekibastuz GRES-3 power plant with a capacity of 2.64 GW using “clean coal” technologies; and modernizing the GRES plant in Aksu. According to the ministry, a significant increase in power generation requires advance expansion of the raw material base. Additional electricity demand is also expected from digital infrastructure projects. As previously reported by The Times of Central Asia, authorities plan to create a “valley” of data centers in the Pavlodar region focused on digitalization and high-performance computing.