Uzbekistan, Tashkent, July 8 / Trend D. Azizov /
The Almalyk Mining and Metallurgical Complex is the largest copper producer in Central Asia. It will direct 8.4 percent of the total net profit to pay dividends as of 2011, the complex said today with the reference to a decision of the annual general meeting of shareholders, published in the national press.
AMMC will pay 1.17.91 soums for each ordinary share and 250 soums - for each preferred share par value of 1,800 soums each.
As of 2010, the complex paid dividends at the rate of 74.31 soums per each ordinary and 250 soums per preferred share of the same nominal value.
According to the audited balance sheet approved by the general meeting of shareholders, the net profit of the complex increased by 1.48 times to 128.92 billion soums as of 2011 compared to 2010.
At present, AMMC authorized capital has been formed to the amount of 161.488 billion soums and divided into 2.249.558 mln preferred shares and 87.466.1 mln ordinary shares of 1,800 soums each.
About 97.5 percent of the shares in the structure of the share capital are owned by the state, 2.5 percent - the labor collective.
Almalyk MMC is the only copper producer in Uzbekistan and one of the largest producers of nonferrous metals in Central Asia. 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 and two metallurgical plants with their own infrastructure.
The raw material source of AMMC is the copper-porphyry ores of Kalmakyr and Sarah-Ceku (Tashkent region) and the deposit of lead-zinc-barite ore of Uch-kulaks (Djizzak).
According to Almalyk MMC, copper production at the plant in 2011 increased by 9.8 percent - to 91,200 tons.
The official exchange rate is 1.888.64 soums/$1 on July 6.