October 2025 – Kinstellar has advised Verny Capital Group and its strategic partner – U.S. based investment fund Resource Capital Funds (RCF) on the sale of RG Gold and RG Processing, which operate the Raygorodok gold mine in Kazakhstan, to Zijin Gold International, a subsidiary of Zijin Mining Group.
Verny Capital has managed RG Gold since 2014, investing heavily in infrastructure, modernization, and exploration. In partnership with RCF since 2018, the company significantly expanded production capacity and tripled its resource base to 7.6 million ounces of gold in accordance with the JORC standard.
Zijin Mining Group is one of the world’s largest mining corporations with a market capitalization of around USD 100 billion and operations in 17 countries. This acquisition marks Zijin’s entry into Kazakhstan’s mining sector.
The transaction reflects a decade of active development at Raygorodok and highlights the continued international interest in Kazakhstan’s mining industry.
Our legal team was led by Managing Partner Joel Benjamin and Counsel Pavel Kornilov, with support from Junior Associates Kamila Serik and Akezhan Mukhambetzhanov.