Drozhilovskoye Tungsten–Molybdenum Mining Project
PROJECT ID
1103202601
SECTOR
Mining & Metallurgy
PROJECT PHASE
Initiation & Feasibility
LOCATION
Kostanay Region, Kazakhstan
INVESTMENT VALUE
$ 2400 M
Active
Verified
Last Updated: 2 June 2026
Publication: 11 March 2026
PROJECT DESCRIPTION
The Drozhilovskoye project is a large-scale mining development focused on the extraction of tungsten and molybdenum ores, with associated beryllium mineralization. The deposit is located in northern Kazakhstan and is considered one of the notable tungsten resources in the region. The project is being developed by QazMoly Limited, a company associated with the mining investment group connected to the Assaubayev family. The development concept involves an open-pit mining operation with phased production growth over the first several years of operation. According to the available development plan, annual ore production is expected to reach appro... Read more
Involved Companies & Contacts
INVOLVED COMPANIES & CONTACTS
COMPANY 1 INFO
COMPANY:
░░░░░░░░░░░░░
ROLE:
░░░░░░░░░░░░░░, ░░░░░░░░░░░░░░░░░░░░░░░
ADDRESS:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
PHONE:
░░░░░░░░░░░░░░
EMAIL:
5. party1CompanyEmailText
WEBSITE:
6. party1CompanyWebsiteText
OTHER LINKS:
░░░░░░░░░░░░░░░░░░
KEY CONTACTS
NAME:
░░░░░░░░░░░
POSITION:
░░░░░░░░░░░░░░
PHONE:
party1Contact1PhoneText
EMAIL:
░░░░░░░░░░░░░░░░░░░░░░░░░
LINK:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
NAME:
party1Contact2NameText
POSITION:
party1Contact2PositionText
PHONE:
party1Contact2PhoneText
EMAIL:
party1Contact2EmailText
LINK:
party1Contact2LinkText
COMPANY 2 INFO
COMPANY:
░░░░░░░░░░░
ROLE:
░░░░░░░░░░░░░░░░░░░░░░░
ADDRESS:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
PHONE:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
EMAIL:
░░░░░░░░░░░
WEBSITE:
░░░░░░░░░░░░░░░░░░░
OTHER LINKS:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
KEY CONTACTS
NAME:
░░░░░░░░░░░░░░
POSITION:
*****
PHONE:
party1Contact1PhoneText
EMAIL:
party1Contact1EmailText
LINK:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
NAME:
░░░░░░░░░░░░░░░
POSITION:
*****
PHONE:
party1Contact2PhoneText
EMAIL:
░░░░░░░░░░░░░
LINK:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
COMPANY 3 INFO
COMPANY:
░░░░░░░░░░░░░
ROLE:
░░░░░░░░░░░░░░░
ADDRESS:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
PHONE:
4. party1CompanyPhoneText
EMAIL:
░░░░░░░░░░░░░░░░░░░░░
WEBSITE:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
OTHER LINKS:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
KEY CONTACTS
NAME:
░░░░░░░░░░░
POSITION:
░░░░░
PHONE:
party1Contact1PhoneText
EMAIL:
░ ░░░░░░░░░░░░░░░░░░░░░░░░
LINK:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
NAME:
░░░░░░░░░
POSITION:
░░░░░
PHONE:
party1Contact2PhoneText
EMAIL:
░░░░░░░░░░░░░░░░░░░░░░░░
LINK:
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
Location
Locations shown on the map are for indicative purposes and may vary from actual locations.
Other important details
QazMoly Limited is responsible for exploration, mine development planning, project financing coordination, and future production operations.
AltynGold PLC is the parent company of QazMoly Limited. Board members include Kanat Assaubayev, Aidar Assaubayev, and Sanzhar Assaubayev. The company operates mining assets in Central Asia and is part of the broader mining investment network linked to the Assaubayev family.
Fosbury Capital acts as the intermediary between the mining project and international financing institutions, including EXIM.
Hudson Sandler LLP (Public Relations partner of AltynGold PLC)
Charlie Jack - Partner, Head of Central Asia & Natural Resources at Hudson Sandler LLP. Mentioned in documents of AltynGold PLC as the contact person for information.
Email: cjack@hudsonsandler.com
Email: altyngold@hudsonsandler.com
Phone:+44 (0)207 796 4133
Kristina Gaysina – Client Director at Hudson Sandler. Mentioned in documents of AltynGold PLC as the contact person for information.
Email: kgaysina@hudsonsandler.com
Email: altyngold@hudsonsandler.com
Phone: +44 (0)207 796 4133
Sources
░░░░░░░░░░░░░░
░░░░░░░░░░░░░░
░░░░░░░░░░░░░░
░░░░░░░░░░░░░░
