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Nickel Asia to acquire 20% stake in Kazakhstan copper project
Nickel Asia to acquire 20% stake in Kazakhstan copper
About this update from Nickel Asia Corp.
Philippines -based Nickel Asia has agreed to acquire a 20% stake in a copper mining venture in Kazakhstan , marking its entry into Central Asia as it seeks to diversify beyond nickel production, The Manila Times reported on April 22 . The company reportedly said in a disclosure that it signed a membership interest sale and purchase agreement with Silk Road Resources for a stake in East Copper Production, which owns 100% of GRK MLD. The latter holds subsoil use rights for the Karchiga copper mine. The Karchiga deposit is located in the Central Asian Orogenic Belt, a mineral-rich zone also known as the Central Asian Copper Belt, which is recognised for its concentration of copper resources. The transaction remains subject to due diligence, fulfilment of contractual conditions and regulatory approvals, the news outlet’s report said. GRK MLD has an estimated annual production capacity of 8,500 tonnes of copper sulphide concentrate at an average grade of 1.8%, as well as 2,000 tonnes of copper cathode at an average grade of 1.0%. Nickel Asia said the investment aligns with its strategy to broaden its earnings base and increase market capitalisation by building a more diversified natural resources portfolio, according to the report. The company did not disclose the value of the transaction. © 2026 bne IntelliNews, source Magazine