Uzbekistan, Tashkent, Aug.9 /Trend D.Azizov/
Navoi Mining and Metallurgical Plant implementing a project to modernize the production of heap leaching of gold worth $28 million in 2012-2015, the company said on Thursday.
The modernization will increase the working area of the fifth phase of the leach pad, which in turn will increase the proceeds of ore, previously not involved in recycling by 20 percent.
Project will be financed by the plant's own funds in the amount of $19.7 million and credit of the Fund for Reconstruction and Development of Uzbekistan in the amount of $8.3 million.
The experts of the plant noted that the modernization will allow to extend the activities of production until at least 2025.
As reported, the plant completed the first phase of modernization of heap leaching, providing the construction of the fifth phase of the leach pads worth $25.3 million, in late 2011.