Kazakhstan’s Minister of Industry and Construction, Yersayin Nagaspayev, held talks with Dominic Heaton, CEO of Cove Kaz Capital Group LLC.

The parties discussed prospects for cooperation in the mining sector. In November 2025, NGK Tau-Ken Samruk and Cove Capital signed an agreement to develop the Severny Katpar and Verkhneye Kairakty deposits. Under the document, the investor is expected to invest $1.1 billion in the construction of two processing plants and one metallurgical facility, The Caspian Post reports via Kazakh media.

“A separate strategic condition stipulates a ban on the export of raw materials and semi-finished products. Production will be focused exclusively on deep processing,” the Ministry of Industry said in a statement.

Once the project reaches its planned capacity, total employment is expected to reach around 1,000 people, with priority given to hiring Kazakhstani specialists.