UK-based oil and gas company Caspian Sunrise plc is moving to diversify its portfolio through the acquisition of mining assets in Kazakhstan, with a deal valued between 25 and 45 million dollars.
Under the agreement, the company will acquire 100 percent of Kazikhan Limited, which holds stakes in several entities licensed to explore and develop deposits of manganese, gold, silver, copper, and molybdenum.
Among the key assets, GRK Borly LLP holds a production licence for manganese with confirmed reserves of approximately 8 million tonnes, while Zhambas PV controls exploration licences for gold and copper, including an estimated 700 kilograms of gold.
The transaction reflects Caspian Sunrise’s strategic shift toward mining, aimed at increasing profitability while reducing reliance on Kazakhstan’s oil and gas sector. Company leadership views mining projects as requiring lower upfront capital and offering greater resilience to regulatory pressures and commodity price volatility.
Kazikhan is owned by private shareholders linked to the Oraziman Family Concert Party, which collectively holds a controlling stake in Caspian Sunrise, highlighting a close alignment between the entities involved in the transaction.
Caspian Sunrise’s core operations remain centred on its BNG contract area in western Kazakhstan, where it is engaged in crude oil exploration and production, alongside oilfield services. However, the latest acquisition follows an earlier move in December, when the company announced the purchase of another Kazakhstan-based asset containing titanium, zirconium, gold, and rare earth elements located near Ekibastuz.
The expansion signals a broader strategy to build a diversified resource portfolio, positioning the company to benefit from both traditional hydrocarbons and the growing demand for critical and industrial minerals.
