...

Australian company may start searching copper reserves in Uzbekistan

Business Materials 24 September 2012 16:42 (UTC +04:00)

Uzbekistan, Tashkent, Sept. 24 / Trend D. Azizov /

Uzbekistan can provide the Australian Rio Tinto with a copper exploration license in Namangan in 2012, a representative of the Uzbek State Committee for Geology and Mineral Resources told Trend on Friday.

The representative said that at present, a draft government resolution has been prepared to approve Rio Tinto's participation in the project.

It is expected that the document will be signed in October. After this document is signed, a license agreement will be signed with the Australian company. A license will be issued.

It was stressed that Rio Tinto may start exploration work at the end of this year.

It was previously reported that the Australian company filed a request to the Uzbek State Committee for Geology and Mineral Resources to obtain a license for the cooper exploration in the promising area of ​​Gava in Namangan in 2011.

Rio Tinto Director General on the Central Asian region Chris Welton last year stated that the company may invest up to $100 million in cooper exploration in Uzbekistan.

The company planned to get a license for five years until late 2011 to begin exploration in the spring of 2012.

Almalyk MMC is the only copper producer in Uzbekistan.

Latest

Latest