Investment company · Mining industry

We invest in mining assets and operate them

Mining Capital Group deploys capital into mining projects in Kazakhstan and takes direct responsibility for their exploration, mining and processing. Mineral Resources are reported under the international JORC Code.

Current projects For investors
Mining projects Kazakhstan since 2018
Benches of an open pit
Open-pit miningMining Capital Group
Gold resources · JORC 1.0Moz1

Muzbel: 30.3 Mt of ore at an average grade of 1.00 g/t Au

Planned plant · Muzbel 3Mtpa2

Design ore throughput at the next stage of development

Cathode copper · Berkara 5.5ktpa3

SX-EW technology, in production since 2022

Two operating mines and a deposit prepared for the next stage of development. The group acts as operator or managing partner in every project.

1 Independent Mineral Resource estimate in accordance with the JORC Code (2012), effective date 13 May 2026; 0.25 g/t Au cut-off. Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. 2 Planned figure; the investment decision follows a feasibility study. 3 Plant design capacity.

How we create value

Three ways to participate

We are both investor and operator: we commit capital and take responsibility for geology, production and regulatory work ourselves.

Exploration

New licences

We obtain licences over prospective blocks and explore from scratch: geological modelling, geophysics, drilling.

ExampleExploration licences over new blocks in Kazakhstan.
Resources · Development

Advanced-stage deposits

We enter deposits with identified mineralisation, complete the exploration, estimate JORC-compliant Mineral Resources with independent consultants and prepare them for development.

ExampleMuzbel: 141 diamond drill holes, 27,600 m, assays at ALS and SGS. Result: 1.0 Moz of gold in JORC Mineral Resources.
Production

Operating mines

We invest in operating businesses as investor and managing partner: improving efficiency, upgrading processing and launching growth projects.

ExampleBerkara: entered in 2026, 5.5 ktpa of cathode copper. Taskora: plant upgrade.

What we bring to every asset

  • GeologyIn-house expertise, independent JORC consultants, accredited laboratories
  • OperationsManagement of mining and processing, plant upgrades
  • CapitalDeal structuring, equity and debt financing
  • Subsoil useContracts, licences and reporting to the regulator
Current projects

Projects in the Abai Region of Kazakhstan

Today this means gold, silver and copper. We are open to projects in other metals, in Kazakhstan and abroad.

Map of East Kazakhstan: Taskora, Muzbel and Berkara in the Abai Region Berkara Cu · production Taskora Au · production Muzbel Au · 1.0 Moz
GoldCopper
Locations are shown schematically.
ExplorationResourcesDevelopmentProduction
Case study · Taskora and Muzbel

2018 → 2026: from an idle operation to a million ounces under JORC

The team entered the project when production had stopped. In eight years, mining was restored, in-house processing was built and the resource base for the next stage of growth was confirmed.

2018
  • Company in rehabilitation proceedings
  • Mining suspended
  • Muzbel resources not estimated to international standards
2026
  • Open-pit mining and CIP plant, doré sent for refining
  • Extension of the Taskora mining contract under way
  • 1.0 Moz of gold in JORC Mineral Resources at Muzbel
Excavator loading a haul truck
Open-pit mining
  1. 2018Entry into Taskora and Muzbel through rehabilitation
  2. 2020–21Infrastructure restored, mining resumed
  3. 2022First investor, drilling starts at Muzbel
  4. 2023Rehabilitation successfully completed
  5. 2025Muzbel exploration programme completed
  6. 20261.0 Moz under JORC, entry into Berkara, plant upgrade
Leadership

Geology, finance and deals in one team

Experience in international audit, oil and gas, and mining projects. Full team

Yerzhigit Nabiyev
Chief Executive Officer

Yerzhigit Nabiyev

Group strategy, key transactions and partner relations.

Mukhtar Nagimov
Chief Financial Officer

Mukhtar Nagimov

Geologist and economist, Lomonosov Moscow State University. Resource valuation, investment models, reporting.

Ansar Zhansayev
Investment Director

Ansar Zhansayev

Project evaluation and fundraising. Previously at KPMG, BDO and PwC.

Investors and partners

We consider equity participation, joint ventures and project finance

Request materials Investor section
  • Group presentationOn request
  • Project fact sheetsOn request
  • Muzbel JORC reportUnder NDA
  • Financial model, data roomUnder NDA