How Much Kazakhstan Got For Its Trump-Linked Tungsten Stake
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National mining company Tau-Ken Samruk has disclosed the sale price of a 70% stake in Severny Katpar LLP. The asset, later included in a tungsten project involving structures linked to the family of the U.S. president, was sold for $114.8 million, Orda.kz reports, citing Forbes.kz.
The transaction value is listed in Tau-Ken Samruk’s financial statements. The “Events After The Reporting Date” section says that on February 13, 2026, a sale and purchase agreement was signed for a 70% stake in Severny Katpar LLP as part of privatization.
At the time the financial statements were approved, the transaction had not yet been completed.
Severny Katpar and Verkhneye Kairakty, both located in the Karaganda region, are considered among the largest undeveloped tungsten deposits in the world.
In November 2025, Tau-Ken Samruk and U.S. company Cove Capital announced the creation of a joint venture to develop the deposits. At the time, total investment in the project was estimated at $1.1 billion.
Later, the Financial Times reported that the sons of U.S. President Donald Trump — Donald Trump Jr. and Eric Trump — had joined the project through Skyline Builders. In April 2026, Skyline Builders and Cove Kaz Capital Group announced the creation of a joint company, Kaz Resources Inc., which will develop Kazakhstan’s tungsten deposits.
Original author: Alexander Zhdanov
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