The Development Bank of Kazakhstan (DBK), a subsidiary of Baiterek Holding, may finance two rare earth metal mining projects, Baiterek Managing Director Aidyn Akan told reporters on the sidelines of the MINEX Kazakhstan 2026 forum.
Read also: US moves to counter China on minerals with new Kazakhstan pact.
Akan said Baiterek financed $2.5 billion in mining projects in 2025, out of a total loan portfolio of approximately $20 billion.
Read also: The US and Kazakhstan eye billions in landmark tungsten deal.
He added that the holding is closely monitoring market conditions and is prepared to offer a range of project financing instruments. These have historically included direct lending, equipment leasing, working capital financing, guarantees, leasing for the acquisition of specialized equipment, and equity participation.
