RHT AlDigi Financial Holdings Pte. Ltd. (RHTAFH) and Biryuk Altyn LLP have recently signed a Memorandum of Understanding (MOU) to invest in and commercialise Biryuk’s gold mine, with support from the ONERHT ecosystem.
RHTAFH is a member of ONERHT, a Singapore-based multidisciplinary professional and specialist services group while Biryuk owns a 56sqkm gold mine, located 600km from Kazakhstan’s capital, Astana. The mine holds probable reserves of 50-100 tons of gold with a potential value of US$1 billion.
Under the MOU, RHTAFH-affiliate RHT Strategic Advisory Pte. Ltd. will invest in Biryuk, bringing ONERHT’s full suite of professional and specialist services to further support Biryuk as it begins to commercialise the mine.
Through ONERHT, Biryuk will have access to deep expertise and experienced advisors, with support from full service law firm RHTLaw Asia LLP, Monetary Authority of Singapore (MAS) regulated registered fund management company RHT DigiCapital Pte. Ltd., Recognised Market Operator licence holder SDAX Exchange Pte. Ltd., and Capital Markets Services licence holder RHT Capital Pte. Ltd.
RHTAFH Director Mr Jayaprakash Jagateesan said, “ONERHT brings deep expertise across legal compliance, fund management, digital assets and capital markets to support the needs of Kazakh businesses, including mineral, oil and gas (MOG) companies leveraging Singapore as a hub to engage South-east Asia and explore potential areas for cooperation.”
Biryuk Director Mr Khassanov Ruslan said, “Our partnership with ONERHT will enable us to tap Singapore’s expertise while accelerating the commercialisation of our mine. The MOU is also a significant milestone in economic cooperation between Kazakhstan and Singapore.”
The signing ceremony took place at the Kazakhstan-Singapore Business Forum held in Astana.
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