German company to build new furnace at Uzbek metallurgical plant by late 2015

Uzbekistan, Tashkent, Oct. 22 /Trend corr.D.Azizov /

Almalyk Mining-Metallurgical Complex (AMMC, Tashkent region) and German Ausmet (a division of Australian Ausmet Industrial) have signed a contract on the construction of a new furnace at the AMMC copper smelt, the report from the plant stated on Monday.

The contract, costs of which are undisclosed, provides for turnkey design and supply of equipment for the construction of a new automatic copper smelting furnace with a capacity of 17.000 tons of copper per year.

The total project cost is $98.2 million. It will be funded through a loan from the Fund for Reconstruction and Development of Uzbekistan (FRDU) to the sum of $60 million, AMMC equity $25 million and loans from Uzbek banks of $13.2 million. Civil works will be carried out by AMMC units.

The project on the construction of a new furnace at the copper smelt is included in the total programme on the modernisation of copper production through replacement of old capacities and involving new raw materials in processing.

According to the company in June AMMC signed a contract with the German Outotec GmbH on the construction of a new sulphuric acid workshop at the copper smelt.

The project, worth $80.2 million provides for the construction of a new sulphuric acid plant with capacity of 500,000 tons of sulphuric acid per year by middle of 2014.

Almalyk Mining is the only copper producer in Uzbekistan. The complex consists of eight mining companies, five processing factories, two metallurgical plants, sulphuric acid enterprises, mechanical repair and lime plants. The company produces refined copper, zinc, iron, lead concentrate and other products.

Kalmakyr and Sary Cheku copper. porphyry fields (Tashkent region), Uch-Kulach fields of lead, zinc and barite ore (Djizzak region) and Khandiza mine ores (Kashkadarya region) are the resource bases of AMMC.

Last spring, AMMC completed the modernisation of the Sary Ceku mine and proceeded to the second re-equipment stage of the Kalmakyr mine, worth 43.8 million dollars. The project is funded by the AMMC ($14.2 million), loans of FRDU ($22.9 million) and Uzbek Mortgage Bank ($6.5 million).

The first phase of the project worth $ 98.7 million was completed in 2011. The construction of the fourth reloading point, the reconstruction of railways and purchase of additional mining equipment were completed within the first phase. Ore production at the mine increased by 3.5 million tons a year as a result of the redevelopment.

The project is currently financed through a FRDU loan to the sum of $63 million, loans from local commercial banks worth $ 20 million and AMMC equity- $15.7 million.

The completion of the second phase will provide an annual production level of copper ore of 30 million tons.

Currently, the designed capacity of AMMC is 147,000 tons of copper cathodes per year. Around 90 per cent of silver and 20 per cent of gold production in the country falls to the share of AMMC. In 2012, the plant planned to increase copper production up to 96,000 tons, by five per cent compared to 2011.

Tax authorities of Kyrgyzstan, Russia discuss launch of joint project
Tax authorities of Kyrgyzstan, Russia discuss launch of joint project
Kyrgyzstan plans to approve concept of creative economy
Kyrgyzstan plans to approve concept of creative economy
Korean logistics company ULP invited to invest in Kyrgyzstan
Korean logistics company ULP invited to invest in Kyrgyzstan
Loading Bars
Georgia sees decrease in COVID-19 cases
Russia reports 20,921 coronavirus cases over day, record low since November 11
Iran-Iraq-Syria transit route would improve economy - Iran's Minister of Road
Azerbaijan and Turkey ink MoU to support SMEs (PHOTO)
Karabakh's geography allows developing various tourism products - Azerbaijan Tourism Board
Standard & Poor's upgrades Azerbaijan's credit rating outlook
Georgian import of medical products from Turkey down
Uzbekistan reveals COVID-19 data for January 23
Brazil President Bolsonaro thanks PM Modi for 'sanjeevni booti' against Covid with Hanuman pic
India's COVID-19 vaccine diplomacy shines in South Asia and beyond
Cooperation on North-South Corridor to be researched during Iran’s FMA visit to Azerbaijan
First Batch of COVID-19 Vaccines Arrive in Myanmar from India
Iranian currency rates for January 23
Joint dev't of Dostlug field to be commercially, technically attractive - Wood Mackenzie
Socio-economic situation in Armenia deteriorating - Azerbaijani MP
AstraZeneca to supply 31 million COVID-19 shots to EU in first quarter, a 60% cut
Iran and Cuba to increase production capacity of COVID-19 vaccine
Iran and Russia to increase transportation ties
One Year to Special Olympics World Winter Games Kazan 2022
Azerbaijan producing lubricants based on new components
Azerbaijan to soon start issuing lump-sum subsidies to orchard farmers
Cancelling SMS permits due to eased quarantine raises passenger traffic in Baku
Turkey halts flights from Brazil due to new COVID-19 variant
COVAX to purchase 40 mln doses of Pfizer-BioNTech vaccine - WHO
Kazakhstan welcomes entry into force of Treaty on Prohibition of Nuclear Weapons
Fitch downgrades three Georgian Banks' support ratings
Tax authorities of Kyrgyzstan, Russia discuss launch of joint project
Chinese Mission to EU condemns European Parliament for interfering in Hong Kong affairs
Dev't of "green" energy potential in Azerbaijan’s Karabakh region to attract investments
Denmark halts UAE flights for five days over COVID-19
UK business activity suffers steep slump in January amid fresh lockdown
Kazakhstan boosts exports volume to Canada amid COVID-19
Kenya Airways suspends flights to France, Netherlands due to COVID-19
Italy tells TikTok to block users after death of young girl
UK records another 40,261 coronavirus cases, 1,401 deaths
Canada's Trudeau presses Pfizer CEO on vaccine shortage, hints at travel crackdown
Swiss court finds Israeli businessman Beny Steinmetz guilty of corruption
Georgian ski resorts remain closed
Kazakhstan increases volume of petroleum oil exported to Germany
Four men jailed for manslaughter of 39 Vietnamese migrants in UK
Reports that Azerbaijani Minister of Sports fell into coma - not true
Turkey registers more than 5 967 new coronavirus cases
Iran has increased oil export - Minister
UAE confirms it inked $23 billion deal to buy F-35 jets, drones from U.S.
Georgian President meets EU Commissioner for Neighborhood and Enlargement
Azerbaijan discloses trade surplus with Romania
East Kazakhstan prolongs restrictions
Azerbaijani State Customs Committee exceeds forecast of budget receipts in 2020
‘Bibiheybat’ Ship Repair Yard completes overhaul of ‘Ramiz Hajiyev’ floating crane
Azerbaijan’s export of precious stones and natural pearls up
State Oil Fund of Azerbaijan unveils budget revenues and expenditures
Azerbaijan's Central Bank talks images of new manat banknotes appearing on social media
Azerbaijan discloses area of liberated lands sown with wheat in Aghdam
Azerbaijan confirms 632 more COVID-19 recoveries
Azerbaijani, Georgian FMs exchange views on latest situation in region
Period of revival of previously occupied Azerbaijani lands already began - ambassador
Denim production to be launched at textile enterprise in Uzbek Bukhara region
Azerbaijani expert talks future plans for import of hydrogen vehicles
Georgia - one of largest beneficiaries of EBRD investments per capita
USAID provides comprehensive support to entrepreneurship dev’t in Turkmenistan
French Proparco provides Georgian hospitals with grant to support COVID-19 battle
Uzbekistan to make strengthening relations with states of Central Asia priority
Georgia to establish blackberry plantation via state program
India’s role in combating COVID-19 through vaccine development and manufacturing
Russian Gazprombank expecting Azerbaijani sovereign rating's return to 'stable' outlook
Support for revival of Nagorno-Karabakh must become way of life – Azerbaijani minister
Tesla Israel headquarters nears completion
Armenian soldiers demanding compensation for participation in Karabakh war
Azerbaijan shows footage from Yukhari Abdurrakhmanli village of Fuzuli (VIDEO)
Azercell is always leading with its exemplary service quality
Uzbekistan may consider temporary suspension of yarn exports
Georgia reveals volume of domestic debt
Walmart expands vaccinations in boost to U.S. COVID-19 program
Israeli company eyes creating lavender plantations in Uzbek Namangan region
Georgia reveals volume of imported oil bitumen
European standard bakery to open with support of Bank of Georgia
Kazakhstan investing in Georgia across wide range of economy spheres
Georgia sees decrease in import of aviation fuel
Azerbaijani president declared Karabakh status issue - thing of the past, MFA says
Dagestan starts exporting ceramic products to Azerbaijan
Georgian RMG Gold company's total sales increase
Demand for notes of Central Bank of Azerbaijan exceeds supply
Assessment of damage caused by Armenia to Azerbaijani civilian objects continues
Volume of cargo passing through Astara terminal increasing from year to year
Criminal case opened against more terrorists used by Armenia against Azerbaijan
National Bank of Kazakhstan determines strategic initiatives for 2021
Bukhara oil refinery produces floating pontoons to eliminate loss of light hydrocarbons
Azerbaijan establishes Agency for Development of Economic Zones
Azerbaijan developing employment programs for future residents of liberated lands
Georgia decides to increase subsidies for flour
UK can help Azerbaijan to demine liberated lands - ambassador
Azerbaijan, UK discuss issues of development of co-op in area of defense
EU, FAO supporting agriculture and rural development in Georgia
Automated warehouse system introduced at Uzbekneftegaz JSC
Projected volume of trade turnover between Turkmenistan, US for 2021 named
Kazakhstan's monetary base surges in value in Dec. 2020
Uzbekneftegaz manages to reduce imports of materials, technical resources
Elon Musk to offer $100 million prize for 'best' carbon capture tech
Kazakhstan boosts petroleum oil exports to Spain despite COVID-19
Georgia to restore operations of municipal transport, schools and stores
All news