Uzbekistan to begin reconstruction of Shargunkumir

Uzbekistan, Tashkent, March 16 / Trend D.Azizov /

State Joint-Stock Company Uzbekenergo in the first half of 2012 will begin implementation of a project worth $109 million for reconstruction and modernization of the coal mining company Shargunkumir (Sharguncoal), carrying out the development of coal deposits in southern Uzbekistan, management of Shargunkumir told Trend on Friday.

According to the source, the Government approved the feasibility study of the project, envisaging increase in capacity of the enterprise from 65,000 tons of coal in 2011 to 900,000 tons in 2016.

According to Uzbekenergo, under the project it's envisaged to introduce technology of the mining work in stope coal-face of steeply inclined stratum with the use of mechanized systems. Suppliers of mining equipment fleet, namely combines, loaders, cranes, crushing machines and conveyors will be Russian West-Ural Machine Building Concern, Gormash, Anzheromash, Krasnogvardejsk crane factory.

The project will be financed by a loan from China Exim Bank worth $50 million, loan from Uzbek Fund for Reconstruction and Development, as well as own funds of Uzbekenergo.

It's planned before the end of 2012 to implement the first phase of modernization worth $15 million, providing for the increase in coal production at the enterprise by 1.6 times - up to 160,000 tons. Funding for the first phase of modernization is due to the credit of the Uzbek Fund for Reconstruction and Development and funds of Uzbekenergo.

Shargunkumir owns the license to develop Baisun and Shargun coal deposits in the Surkhandarya region in the south of Uzbekistan with total explored reserves of 45.8 million tons of coal, develops these deposits by underground mining with partial processing of mined coal in the coal briquettes at Shargun briquette factory and Boysun briquette plant.

Shargun coal deposit was discovered in 1941, the Shargun mine with a capacity of 400,000 tons of coal per annum was commissioned in 1958.

As previously reported, in February Uzbekkumir, structural unit of Uzbekenergo, which accounts for more than 90 percent of the total production in the industry, bought the stake of Shargunkumir at 41.57 per cent, previously owned by a consortium of British companies members of SAB Energy, Shadela Inc. and M.Metal & Co. Currently, the share of Uzbekkumir in Shargunkumir's authorized capital taking into account previously acquired shares is 67.57 percent.

Uzbekistan has proven coal reserves amounting to 1.9 billion tons, including the brown coal of 1.853 million tons, coal - 47 million tons. Forecasted resources amount to over 5.7 billion tons of coal.

Currently, coal mining is conducted at three deposits: Angren brown coal, Shargun and Baisun deposits of coal. Uzbekkumir, Apartak, Shargunkumir and Erostigaz are all engaged in coal mining in the country.

In 2011 coal production in Uzbekistan increased by 5.9 percent - up to 3.551 million tons, including the share of Uzbekkumir at 3.55 million tons, Apartak - 275,000 tons, Shargunkumir - 18,000 tons.

According to experts, the need for solid fuel in Uzbekistan is about four million tons annually. The main consumer of coal in the country is enterprises of Uzbekenergo, which consume annually about three million tons of solid fuel.

Subscribe to Trend in Google News! Subscribe
UN thanks Azerbaijan for contributions to budget of organization
UN thanks Azerbaijan for contributions to budget of organization
Residents of Bina settlement express gratitude to President Ilham Aliyev and First Lady Mehriban Aliyeva for establishment of Training and Service Complex (PHOTO/VIDEO)
Residents of Bina settlement express gratitude to President Ilham Aliyev and First Lady Mehriban Aliyeva for establishment of Training and Service Complex (PHOTO/VIDEO)
Azerbaijan's Agency for State Support to NGOs, Turkey's Ministry of Interior sign memorandum of co-op (PHOTO)
Azerbaijan's Agency for State Support to NGOs, Turkey's Ministry of Interior sign memorandum of co-op (PHOTO)
Loading Bars
Spain's economy grows by 5 pct in 2021: INE
British PM Johnson eyes Japan visit in Feb.
Turkey's daily COVID-19 caseload hits new high of 93,586
U.S. FAA says Verizon, AT&T can turn on more towers for 5G deployment
Belgium's total COVID-19 infections exceed 3 mln
Biden says he'll send troops to eastern Europe in ‘near term'
U.S. airlines cancel almost 5,000 flights ahead of Nor'easter
Argentina announces debt agreement with IMF
Canada's COVID-19 cases surpass 3 mln
Fake news, disinformation on COVID, is human rights violation: Pope Francis
Tunisia thwarts alleged terrorist attack targeting tourist areas
Turkey welcomes Kyrgyzstan-Tajikistan ceasefire
UN chief calls for observing Olympic Truce
UN thanks Azerbaijan for contributions to budget of organization
Residents of Bina settlement express gratitude to President Ilham Aliyev and First Lady Mehriban Aliyeva for establishment of Training and Service Complex (PHOTO/VIDEO)
Russia expands retaliatory list of EU representatives banned from entering country — MFA
Ten injured after bridge collapses in U.S. city Pittsburgh
Iran deal talks are adjourned until next week — EU
Erdogan to visit Ukraine on Feb 3 as part of mediation efforts
Germany's exports to UK continue to decline in 2021: Destatis
Azerbaijan's Agency for State Support to NGOs, Turkey's Ministry of Interior sign memorandum of co-op (PHOTO)
Embassy of India organised Blood Donation Drive (PHOTO)
Tractor hits mine in Azerbaijan's Fuzuli district
Uzbek Central Bank notes growth in volume of loans issued to individuals
Uzbekistan shares data on loan portfolio of its banks for 2021
Russian veterans urge to check Union of Armenians in Russia regarding film about Garegin Nzhdeh
Azerbaijan's Nakhchivan reveals revenue data from communication and information services
Remains of Armenian soldier found in Azerbaijan's Fuzuli district
GDP of Azerbaijan's Nakhchivan growing
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 3,564 more COVID-19 cases, 1,004 recoveries
Russia allocates credit line for construction of Iran`s Sirik power plant - minister
National Bank of Georgia to adopt regulations for cryptocurrency trading platforms
Azerbaijan’s Nakhchivan discloses loans issued to population
Azerbaijan Entrepreneurship Development Fund to help businesses create corporate governance mechanisms
German RBC consulting company talks achievements in work on Azerbaijani market
Kazakh president calls on Nur Otan party members to focus on some priorities
Iran Oil Industry Pension Fund eyes to invest in oil and energy sectors
Uzbek UzAuto Motors to generate higher revenue in 2022
Azerbaijan’s Buta Airways becomes most active passenger carrier in Georgia
Kazakhstan-based Nostrum unveils oil production indicators for 2021
Turkmenistan assisting in delivery of Turkish humanitarian aid to Afghanistan
Azerbaijan to increase number of bus routes to Karabakh (Exclusive)
Azerbaijan discloses number of passengers of regular bus trips to liberated Shusha, Aghdam
President Ilham Aliyev congratulates president of Kazakhstan on election as chairman of Nur Otan party
Uzbekistan proposes India to develop co-op in healthcare, education and IT
Azerbaijani President Ilham Aliyev signs order on 30th anniversary of Khojaly genocide
Israel signs deal with Novavax for COVID vaccine
Azerbaijan's ANAMA builds new mobile field camp in Aghdam district (PHOTO)
TBC Capital shares data on mortgage loans issuance in Georgia
Turkmen Commodity Exchange discloses data on imports from East Asian countries
SOFAZ places €1 billion deposit with Central Bank of Turkey
Iran seeks to prevent import of luxury goods
India & 5 Central Asian Countries To Form Joint Working Group On Afghanistan
Azerbaijan's foreign trade turnover notably up in 2021
Azerbaijani deputy PM to attend opening ceremony of Olympic Winter Games in Beijing
Uzbekistan sees growth in agricultural production
India for ‘greater urgency’ in trade negotiations with EU, says EAM Jaishankar
Georgia increases textile exports to Turkey
Romanian energy minister to visit Azerbaijan
Azerbaijan records decline in foreign currency sales - chairman of CBA
Georgia’s imports of oil products from Kazakhstan plummet
Turkmenistan to increase electricity supply to Afghanistan
Central Bank of Azerbaijan names allocations made to support national currency rate in 2015
Azerbaijan to build astronomical station in Karabakh region
Use of cryptocurrency not endangering stability of Azerbaijani national currency - CBA
Central Bank of Azerbaijan plans to sign agreement with int’l consulting company
UNIDO to offer expertise for Turkmen energy sector
Central Bank of Azerbaijan names priorities for development of insurance sector
Our first president made huge contribution to strengthening of state - President Tokayev
Nur Otan party should be led by person who was nominated and supported by it in presidential election - Nazarbayev
CBA expects inflation to return to target range Azerbaijan in 2023
Devotion to interests of country has particular importance in politics - Kazakh president
Iran working on connecting of Gilan ports to national railway network
Share of electricity in Azerbaijan’s total exports down
Siraf Pars Port in Iran becomes country's major liquid gas exporter
Global food prices rise to highest level over past decade - FAO (Exclusive)
Decree regulating process of charity on part of big business to be issues in Kazakhstan
French 2021 economic growth strongest in 52 years at 7%
Kazakh-Russian copper deposit dev't project approved by Russia's Main Department of State Expertise
Azerbaijan reveals petroleum coke, oil bitumen exports
Buta Airways to resume flights to Mineralnye Vody in February
Turkmenistan sees decline in trade turnover with Azerbaijan
We'll return to issue of expediency of my further chairmanship in Nur Otan after some time - Tokayev
Representative body of Kazakhstan's Nur Otan party updated by 55%
Azerbaijan unveils volume of transactions via Apple Pay
Public councils created under Nur Otan party should become effective platform - Tokayev
Azerbaijani Central Bank not planning to create new legislative base to regulate digital banks
Central Bank discloses Azerbaijan's possible current account balance in 2022
Potential of Nur Otan party wasn't fully utilized at critical moment - Tokayev
Currency rate of Azerbaijani manat to be stable in 2022 - CBA
Military reforms, increasing of combat capability of troops to be priority in 2022 – Azerbaijan MoD
Dariga Nazarbayeva resigned from Kazakhstan Nur Otan party
Azerbaijan reveals Top 10 oil importers
Azerbaijani CBA forecasts increase in demand for foreign currency
Rothschild & Co eyes creation of special financial zones in Georgia
Azerbaijan increases share of natural gas in exports
Annual inflation to be above target range in Azerbaijan - CBA
Nur Otan Party needs to renew itself - Tokayev
Turkmen enterprise eyes to expand tomato production
All news