...

Uzbekistan to complete reconstruction of Kalmakyr ore mine

Business Materials 5 January 2012 13:05 (UTC +04:00)

Uzbekistan, Tashkent, Jan. 5 / Trend D.Azizov /

The Almalyk Mining and Metallurgical Complex (AMMC, Almalyk city in the Tashkent region) started in 2010, will complete the project worth $122.4 million on the reconstruction and expansion of the Kalmakyr ore mine in the second quarter of 2012, a source at the Uzbek government told Trend.

The Kalmakyr ore mine which is adjacent to the copper-porphyritic mine of the same name has been explored since 1954. Its designed annual production capacity is 27 million tons of ore, with a volume of overburden operations of 12 million cubic metres. The ore mine's geological reserves are estimated at 6.15 million tons of copper and 98,400 tons of molybdenum. Apart from copper, the industrial complex at Kalmakyr ore mine comprises gold, silver, molybdenum, selenium, tellurium and rhenium.

The project will make it possible to increase the annual ore production by four million tons, copper by 9000 tons and molybdenum cinder by five tons.

The project is costing $63 million mainly as a loan from the Fund for Reconstruction and Development of Uzbekistan (FRDU), $20 million as loans from the Uzbek commercial banks and $39.4 million from its own assets.

The FRDU loan is allocated for a period of seven years with a three-year grace period at four per cent interest per annum including a margin of the refinancing bank at one per cent interest per annum.

The project is to construct the fourth trans-shipping section and reconstruct railway lines as well as buy additional mining and transport equipment including excavators and boring machines.

Almalyk MMC is the only copper producer in Uzbekistan and one of the largest producers of nonferrous metals in the Central Asian region. The share of AMMC accounts for about 90 per cent of silver production and 20 per cent of gold in the country. The plant composition consists of two mining companies, two processing plants and two metallurgical plants with their own infrastructure.

The plant has the rights to develop copper-molybdenum and lead-zinc ores in the vicinity of Almalyk (Tashkent region). The raw material source of AMMC is copper-porphyry ores of Kalmakyr and Sarah-Ceku (Tashkent region) and the deposit of lead-zinc-barite ore of Uch-kulaks (Djizzak).

Production is estimated at a total of more than $300 million per year and specialises in the production of refined copper (cathodes), metallic zinc and lead concentrate. The enterprise exports about 60 per cent of its total production, including five per cent exported to CIS states.

Latest

Latest