Joint projects of Elaman Group with investors from the UAE

The management of Elaman Group, represented by founder and managing partner Azamat Utegenov and Khondamir Yuldashev, Director of Finance and Strategic Planning, held a series of important meetings with investment companies in the United Arab Emirates.
As a result of negotiations with an investment company operating in the family office format, the parties signed a framework agreement on the implementation of joint projects in the field of gold mining.
The agreement provides for the conduct of geological exploration, the development of gold ore deposits, the construction of processing and beneficiation plants, as well as the organization of mining operations and the production of the final product.
In addition, the parties agreed on a joint entry into the African market and participation in the development of one of the region’s largest gold deposits, with an estimated volume of 700 tons of placer gold, in cooperation with international partners.
The Kazakh company Elaman Group will contribute its own mining equipment, expertise in extraction, as well as modern technologies for efficient recovery, beneficiation, and gold production.
In the near future, partners from the UAE plan to visit Kazakhstan to sign a Memorandum of Understanding and to discuss in detail the parameters of cooperation.