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Oman-backed Kazakh gold miner explores GCC funding

Summary by AGBI

Kazakh gold miner Solidcore is considering issuing bonds in the Gulf region to finance investment, including in new projects in Kazakhstan estimated to cost up to $350 million, the company’s CEO Vitaly Nesis told Reuters. Solidcore, formerly Polymetal International, is the second-largest gold miner in Kazakhstan. The company had to sell its Russian assets, which represented 70 percent of its output, in 2024 after its business there came under US…

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Oman-backed Kazakh gold miner explores GCC funding

Kazakh gold miner Solidcore is considering issuing bonds in the Gulf region to finance investment, including in new projects in Kazakhstan estimated to cost up to $350 million, the company’s CEO Vitaly Nesis told Reuters. Solidcore, formerly Polymetal International, is the second-largest gold miner in Kazakhstan. The company had to sell its Russian assets, which represented 70 percent of its output, in 2024 after its business there came under US…

3 days ago

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AGBI broke the news in 3 days ago on Wednesday, April 2, 2025.

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