- SCYTHIAN MINING GROUP
Mining of non-ferrous metal ores (gold, silver)
Several legal entities owning gold deposits (number 1 of gold reserves in KZ, volumes of gold) Dalabai, Kokkus, Dzharyk South
The key challenge was that the Target experienced issues in the past when the fields were acquired by the owners of the Target and there has been long-term significant financial liabilities still unsolved. Also, there has been a few entities involved on the Target side which has many intercompany transactions between each other that complicated analysis of financials.