Capital partners
Delivering bankable mineral assets to institutional capital
CARF connects institutional capital with vetted, finance-ready mineral assets in Kazakhstan, focusing on high-value deposits aligned with global demand for the energy transition.
Why CARF for your Central Asia allocation
A deal origination and structuring platform that mitigates geological, jurisdictional and execution risk at source.
USD 25m to 200mIndicative financing size per transaction
Curated pipeline
KAZRC-certified deposits, focused on post-exploration, pre-production assets, with JORC upgrades possible subject to diligence.
De-risked execution
Full technical, legal and financial structuring before any introduction.
Scalable platform
A repeatable origination model with a standardised diligence framework.
AIFC governance
English law based contracts, international arbitration and the AIFC jurisdiction.
Kazakhstan’s strategic mining footprint
Production-ready assets across the metals the energy transition depends on.
- 29CuCopper
- 79AuGold
- 30ZnZinc
- 3LiLithium
- 25MnManganese
- 15PPhosphate
- 57-71REERare earths
Deposits in focus
Production-ready assets in copper, gold, polymetallics, phosphate, manganese, lithium and rare earths, certified under KAZRC. JORC upgrades are possible subject to successful diligence.
Ownership structure
Typically held by local operators or state-owned enterprises, with CARF facilitating SPV-managed joint ventures for investor protection under English law.
Geographic positioning
Established mining regions with access to trade corridors linking China, the EU and the Middle East.
Logistical advantages
Low-cost energy, a skilled workforce and government incentives for foreign direct investment through Kazakh Invest.
Aligning capital with untapped mineral wealth
Our focus: copper, gold, polymetallics, rare earths, lithium and manganese deposits ready for extraction financing.
| Metric | Kazakhstan | Strategic advantage |
|---|---|---|
| Resource base | More than 40% of global uranium production; a top-10 copper producer | World-class geology with a proven production history |
| Investment climate | Mining contributes more than 12% of GDP; foreign direct investment in mining doubled in five years | Established foreign operator presence |
| Institutional framework | AIFC jurisdiction based on English law; streamlined licensing | Reduced jurisdictional risk for international capital |
| Market gap | Many deposits remain non-bankable because of reporting and financing gaps | CARF specialises in bridging this gap |
Figures: AIFC analytical report on Kazakhstan’s mining sector (October 2025).
How we source and vet bankable assets
Every opportunity is screened, validated and structured before a capital partner sees it.
CARF does not deploy principal capital. All investments are made directly by capital partners.
Initial screening
KAZRC-certified deposits are screened against our investment criteria.
Technical validation
JORC alignment and reserve audit.
Financial structuring
Capex modelling and IRR analysis.
Legal diligence
Licence, permitting and ESG review.
Investment committee approval
Approved opportunities become a packaged deal, ready for capital introduction.
If not approved: we reject the asset or recommend upgrades.
Matching and introduction
We match the deal with pre-vetted capital providers, then introduce and present the opportunity.
Capital provider due diligence
The capital provider conducts its final due diligence.
If not approved: we gather feedback and restructure, or seek alternative capital.
Closing and deployment
We facilitate documentation and closing. The project advances to production, CARF earns its commission, and the relationship is nurtured for repeat deployment.
Protecting your capital
Each risk category has a defined mitigation and supporting documentation.
| Risk category | How CARF mitigates it | Documentation |
|---|---|---|
| Technical risk | Independent JORC validation and reserve certification | Third-party reports and data room |
| Legal and title risk | AIFC-governed SPVs and English law contracts | Verified licences and ministerial endorsements |
| Completion risk | Phased drawdowns and milestone payments | Performance bonds and completion guarantees |
| Commodity price risk | Hedging facilities through UAE and Swiss partners | Fixed-price offtakes and collar agreements |
| Currency risk | USD-denominated facilities | Access to local currency hedging |
Our work with capital partners
Choose the depth of engagement that matches your mandate.
Pipeline access
A regular flow of pre-vetted opportunities that match your mandate.
Preferred status
Priority review and exclusive negotiation windows.
Structured advisory
Custom origination and structuring for specific investment themes.
Terms are agreed per mandate, subject to transaction structure and regulatory permissibility.
Access our pipeline
For family offices, private equity and private credit firms, and sovereign funds.
For capital partnership enquiries, contact Douglas Jones Jr., Chief Executive Officer, at info@carf.finance.
Share your investment criteria
Commodity focus, ticket size, and risk and return parameters.
Execute an NDA
Gain access to our live deal tracker and data room.
Review the active pipeline
We match you with two to three prioritised opportunities.
Begin diligence
With our full structuring support.