Trump sons invested in US group developing $1.1B tungsten project in Kazakhstan: FT

Contoured hills of the Assy Plateau, a large mountain valley and summer pasture used by herdsmen 100km from Almaty, Kazakhstan.

Mining.com

Staff Writer | April 30, 2026 | 3:21 pm Critical Minerals Markets Russia and Central Asia USA Tungsten

A company backed by two of US President Donald Trump’s sons reportedly invested in a mining group that is developing a $1.1 billion tungsten project in Kazakhstan, Financial Times has found.

According to FT, both Donald Trump Jr. and Eric Trump have been using a shell company to buy stakes in US construction group Skyline Builders (Nasdaq: SKBL), which on Thursday merged with Cove Kaz Capital Group, the unit of New York-based mining investment group Cove Capital that was awarded the tungsten project last year.

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