Navoi Mining and Metallurgical Company: Fueling Uzbekistan’s economic expansion
In 2023, Navoi Mining and Metallurgical Company (NMMC) played a significant role in Uzbekistan’s economy, contributing 6.4% to the GDP and accounting for 10.3% of...
Tag : Uzbekistan
British mining delegation engages in talks with Uzbekistan to explore collaboration in the mining sector
On a crisp February morning, a team of British experts embarked on a significant journey to Uzbekistan, marking a pivotal moment in the annals of...
The gold mine has been through four stages of development since it was founded and a fifth development phase is currently underway
The Muruntau gold mine, located in the Qizilqum (aka Kyzyl-Kum) desert in Uzbekistan, is the world’s biggest open-cast gold mine. Discovered in 1958, surface mining...
Russia to provide 712 million Euro loan for construction of copper processing plant in Uzbekistan
Russia’s State Development Corporation VEB.RF will finance supply of Russian equipment for the largest copper processing plant in Uzbekistan. A 712 million Euro loan agreement...
Uzbekistan’s Navoi increased net profit in 2020
Uzbekistan’s state-owned mining company Navoi is currently preparing its gold business for the privatization. The company reported that the company’s net profit from gold operations...
Roadmap for Uzbekistan’s privatization of mining assets
Uzbekistan’s government sees the path to achieve economic growth by attracting more private funding to the economy, hence the government needs to sell mining assets....
Multi-metal mining opportunities of Central Asia
Since the collapse of the Soviet Union, only a few dozen mines continue to be developed in Central Asia (Kazakhstan, Tajikistan, Uzbekistan, Kyrgyzstan, etc). These...
Uzbekistan plans on becoming one of the largest gold producers
At present, the annual volume of gold production in Uzbekistan is estimated at 100 tonnes (in 2017 – 89.9 tonnes; in 2019 – 88.5 tonnes)...
Uzbekistan, the gold helps country’s financial support
Gold is an important commodity that the government uses to decrease the current account deficit, and as global trade slows, with increasing competition for a...
Almalyk MMC to increase gold output in Uzbekistan
Almalyk MMC, Almalyk Mining and Metallurgical Combine, is going to build more output facilities in order to triple its precious metals production and raise its...
