U.S. President Donald Trump's sons, Eric Trump and Donald Trump Jr., have acquired a stake in a major investment project related to tungsten mining in Kazakhstan. This was reported by the Financial Times, citing sources.
According to the information, the Trump brothers purchased a stake in the construction company Skyline Builders in August 2025. Through a series of subsequent transactions, they acquired approximately a 20 percent stake in the company Kaz Resources. This company is said to be linked to the major investment structure Cove Capital.
Following this, Kaz Resources and Cove Kaz Capital, which manages mining projects in Kazakhstan, were merged to form a single corporate structure. The newly established company plans to conduct an initial public offering (IPO) on the NASDAQ stock exchange under the Kaz Resources brand.
The publication notes that last year, the U.S. Export-Import Bank and the U.S. International Development Finance Corporation approved up to 1.6 billion US dollars in financial support to back tungsten mining projects in Kazakhstan. The primary 70 percent controlling stake in the project belongs to Cove Kaz Capital.
Donald Trump Jr. stated that he is participating in this project as a passive investor. This means he is not involved in day-to-day operations and does not directly engage with U.S. government agencies on behalf of the companies in which he has invested.
According to analysts, such large-scale investments once again confirm the growing global interest in strategic raw material resources in Central Asia.
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