Kazakhstan’s national mining company Tau-Ken Samruk — a subsidiary of the sovereign wealth fund Samruk-Kazyna — is set to develop deposits of rare and rare-earth metals in Rwanda jointly with the country’s Ngali Holdings, Samruk-Kazyna reported.
«Nurlan Zhakupov, the head of the fund, met with the management of the Rwanda Development Board, the Rwanda Mining Board and Ngali Holdings in Kigali (Rwanda)… Following the meeting, Tau-Ken Samruk JSC and Ngali Holdings signed the Term Sheet. The document provides for joint development of deposits of rare and rare-earth metals in Rwanda,» the fund said in a statement.