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The company "Bast," engaged in the development of the Maxut deposit in the Abay region, has approached the Development Bank of Kazakhstan for debt financing for its project, as reported by inbusiness.kz. This loan was requested for the "expansion of the ore processing plant for the production of copper and nickel concentrates." Currently, an "indicative analysis" of the project is being conducted, as indicated in the "projects under consideration" section on the BRK website.
The primary shareholder of "Bast" is the businessman Timur Turlov, who owns 74.18% of the company's shares, with an additional 8.14% belonging to the affiliated Freedom Finance Global Plc, as stated on the Kazakhstan Stock Exchange website. As of the end of the previous year, Turlov controlled 75.4% of "Bast" shares, while the share held by Freedom Finance Global Plc was minimal, with just 1 share, according to annual reports. Additionally, at the end of 2022, the liquidation commission of Bank Astana retained a
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