BAKU, Azerbaijan, August 20. Kazakhstan-based
gold producer Solidcore Resources plc and Minerals Development Oman
(MDO) have signed a Memorandum of Understanding (MoU) establishing
a framework for cooperation and knowledge exchange in the mining
sector, the company said.
“The non-binding MoU outlines potential forms of cooperation,
including short-term personnel secondments, technical placements at
operational sites, workshops and training, exchange of best
practices, and joint technical working groups”, Solidcore Resources
said.
The parties identified several potential areas of cooperation,
including geology and exploration, mining, mineral processing and
metallurgy, production and operational practices, technical and
project development, health and safety, environment and
sustainability.
Solidcore and MDO intend to subsequently negotiate a definitive
Agreement on Knowledge Transfer and Technical Cooperation, which
will supersede the MoU and establish detailed terms for future
cooperation.
The agreement follows a visit by an Omani delegation led by
Abdulsalam Al Murshidi, President of the Oman Investment Authority
and Chairman of the Board of Directors of Solidcore Resources, to
Kazakhstan. The delegation met with Solidcore's management and
visited the company's Kyzyl mine and processing plant.
Maaden International Investment, a fund wholly owned by the
Government of Oman, is Solidcore's largest shareholder, holding a
31.7% stake.
Solidcore Resources is a gold producer registered in
Kazakhstan's Astana International Financial Centre and listed on
the Astana International Exchange. The company's gold equivalent
production increased 56% year-on-year to 86,000 ounces in the
second quarter of 2026 and 71% to 210,000 ounces in the first half
of 2026, driven by third-party concentrate processing.
MDO is a state-owned mining investment and development company
in the Sultanate of Oman.
