US fund manager CRG invests in Kazakhstan copper asset
Centurion Resource Group (CRG) announced its acquisition of a 75% holding in a copper project located in Kazakhstan's Karagandy region.
The company decided to invest in the copper asset after completing detailed technical analyses and geological sampling in the said area.
CRG Managing Director Rustem Ospanov said of the investment:"We believe that this is a perfect example of the many great opportunities to acquire underpriced assets in Kazakhstan. This project fits perfectly within the Fund's copper roll up strategy in Central Asia."
Since the beginning of 2012, CRG has been actively snapping up Central Asian exploration assets that hold good mineral potential. The Colorado-based firm has formed a diverse pipeline comprised of such assets and is presently aiming to gain further subsurface use contracts from the country.
CRG is an international private equity fund manager that specializes in the natural resources industry. The firm's partners have extensive experience in private equity and mining investments. The company operates in Denver, Colorado and in Almaty, Kazakhstan.