Tin One Mining, a subsidiary of Solidcore Resources, has signed a significant Memorandum with the Department of Entrepreneurship and Industrial-Innovative Development of the North Kazakhstan region Akimat, marking a pivotal step in the development of the Syrymbet tin deposit. This agreement was formalised during the Qyzyljar Investment Forum 2026, where both parties committed to the construction of a mining and processing plant (MPP) at the site, which is recognised as the largest undeveloped tin deposit in Central Asia.
The memorandum solidifies prior discussions regarding the project, which is expected to create substantial employment opportunities and bolster the industrial capacity of the region. The initiative aims to modernise local engineering and transport infrastructure, thereby enhancing the overall economic landscape of North Kazakhstan. The Department of Entrepreneurship and Industrial-Innovative Development will play a crucial role in facilitating the project, ensuring collaboration with government entities, and providing support throughout the investment process.
Tin One Mining has announced plans to invest a minimum of KZT 150 billion (over US$ 315.5 million) into the development of the Syrymbet deposit, which includes the construction of the MPP and associated infrastructure. The company is dedicated to employing modern extraction and processing technologies that meet global standards for environmental protection and operational safety. Approximately 800 jobs are expected to be created, with a focus on hiring local residents who possess the required qualifications and skills.
The Syrymbet deposit, discovered in 1985, holds significant reserves, accounting for more than 70% of Kazakhstan’s total tin reserves. The JORC compliant Mineral Resource estimate indicates a total of 492.4 thousand tonnes of tin at a grade of 0.40%, alongside 91.4 thousand tonnes of copper at a grade of 0.07%, equating to approximately 5.9 million ounces of gold equivalent. This project not only represents a major investment in the mining sector but also underscores the potential of Kazakhstan’s mineral wealth in contributing to the region’s economic development.
