Investment to support exploration, mining and processing of gold at the Biryuk Altyn mine in Kazakhstan.
ONERHT offers its ecosystem of professional and specialized services to support the commercialization of the Biryuk Altyn mine.
Astana, May 22, 2023 - RHT AlDigi Financial Holdings Pte. Ltd. (“RHTAFH”) and Biryuk Altyn LLP (‘Biryuk’) have signed a Memorandum of Understanding (“MOU”) to invest in and commercialize the Biryuk gold mine with the support of the ONERHT ecosystem.
RHTAFH is a member of ONERHT, a Singapore-based multi-disciplinary professional and specialized services company, and Biryuk Altyn LLP owns a 56 square kilometer gold mine located 600 km from Astana, the capital of Kazakhstan. The estimated reserves of the mine are 50-100 tons of gold.
Under the memorandum of understanding, RHT Strategic Advisory Pte. a subsidiary of RHTAFH. Ltd. will invest in Biryuk by providing a full range of professional and specialized services to ONERHT to further support Biryuk as it begins to commercialize the mine.
Through ONERHT, Biryuk Altyn will have access to deep expertise and experienced advisors supported by a full-service law firm RHTLaw Asia LLP, the Monetary Authority of Singapore (“MAS”), a regulated registered RHT fund management company DigiCapital Pte. Ltd, digital asset exchange SDAX and capital markets licensee RHT Capital Pte.
RHTAFH Director Mr. Jayaprakash Jagatesan said: “ONERHT has deep expertise in finance, law and corporate governance to support the needs of Kazakh businesses, including mining, oil and gas (”MOG") companies using Singapore as a hub to engage with South East. Asia and explore potential areas for collaboration."
Mr. Ruslan Hasanov Khasanov, Director of Biryuk Altyn LLP, said: "Our partnership with ONERHT will allow us to leverage Singapore's expertise and accelerate the commercialization of our mine. The Memorandum of Understanding is also an important milestone in economic cooperation between Kazakhstan and Singapore."
The signing ceremony took place at the Kazakhstan-Singapore Business Forum in Astana in the presence of President Halima Yacob and Kazakh Prime Minister Alikhan Smailov.
About ONERHT ONERHT is an integrated interdisciplinary platform providing professional and specialized services. Since 2011, the founding team of RHTLaw Asia has developed a second growth engine through ONERHT, an independent ecosystem of professional and specialized services and networks, complementing RHTLaw's full-service legal offerings.
About Biryuk Altyn The Biryuk area is located in the Northern Pribalkhashie region, which hosts a number of known gold and copper porphyry deposits. The total area of the geological allotment is 56 square kilometers. Anomalies of hydrothermal secondary alteration and pronounced vertical Au-Ag-Cu-Pb-Zn zonation favorable to the discovery of epithermal-type deposits have been identified (SRK Consulting).
Note to Editors RHT AlDigi Financial Holdings Pte Ltd is an investment holding company incorporated in Singapore and is a supplier to AlDigi Holdings Pte Ltd in the reverse takeover process