Kazakh Construction Tycoon Mutalip Buys Gold Miner Altynalmas
A casting mold filled with molten gold above a melting vat during the manufacture of gold ingots at a gold mine in Semey, Kazakhstan.
Photographer: Andrey Rudakov/BloombergOne of Kazakhstan’s most prominent construction tycoons agreed to buy gold producer JSC AK Altynalmas and its units as he continues to expand his business interests.
Shakhmurat Mutalip’s Central Asia Resources Holding Ltd. signed a purchase agreement with majority owner Gouden Reserves BV and eight other shareholders, the company said in an emailed statement, without giving a value for the transaction. A representative of Altynalmas confirmed the deal.