"Kazakh and US officials on November 6 announced a new joint partnership to develop one of the world's largest untapped deposits of tungsten in the Central Asian country. The deal will see the US company Cove Kaz Capital Group take a 70 percent stake in the venture alongside Kazakhstan's state mining firm and is estimated to cost $1.1 billion, while the US Export-Import Bank has issued a letter of interest to fund $900 million."
"Among other takeaways from the summit was a still yet to be fully detailed deal to sell up to a combined 37 Boeing jets to the national airlines of Kazakhstan, Tajikistan and Uzbekistan, and an agreement for Starlink -- the satellite Internet service provider owned by business mogul Elon Musk -- to integrate its services with networks from the telecoms company Veon, which will start with Beeline, its operator in Kazakhstan."
""We oftentimes spend so much time focused on crises and problems - and they deserve attention - that sometimes we don't spend enough time focused on exciting new opportunities," US Secretary of State Marco Rubio said at a working breakfast with the five Central Asian leaders on November 6. "And that's what exists here now: an exciting new opportunity in which the national interests of our respective countries are aligned.""
US President Donald Trump hosted the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan for a summit and dinner that produced multiple trade, diplomatic and mineral agreements. Kazakhstan and a US company formed a joint partnership to develop a major untapped tungsten deposit, with Cove Kaz Capital Group taking a 70 percent stake and an estimated $1.1 billion project cost, plus a US Export-Import Bank letter of interest for $900 million. Leaders revealed plans for up to 37 Boeing jets for regional national airlines and a deal to integrate Starlink services with Veon, starting with Beeline. Kazakhstan signaled expectations to join the Abraham Accords while US officials framed the summit as a renewed commitment to deeper engagement with Central Asia.
#uscentral-asia-relations #tungsten-mining-deal #boeing-aircraft-sales #starlink-telecom-integration
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