Questions on U.S. funding follow Trump-linked KAZR investors as Kazakhstan tungsten deal hits
Skyline Builders Group Holding Ltd says it has $1.6 billion in letters of interest from the U.S. Export-Import Bank and Development Finance Corporation for its Kazakhstan tungsten project. That’s about 145% of what KAZR estimates the project will cost—around $1.1 billion. There are no signed agreements for loans, guarantees, or equity so far. The financing deal is still not binding. Investors are watching the size. Company filings put output from the Northern Katpar and Upper Kairakty projects at 12,000 metric tons a year, about 15% of current global tungsten supply. Cove Kaz holds 70%. Kazakhstan’s Tau-Ken Samruk owns 30%.
