Uzbekistan’s Navoi Combine to realize projects worth $985M in 5 years

Business Materials 3 April 2015 18:00 (UTC +04:00)

Tashkent, Uzbekistan, Apr. 3

By Demir Azizov - Trend:

The Navoi Mining and Metallurgical Combine (NMMC) of Uzbekistan plans to implement 27 projects to modernize, and technically and technologically update the production between 2015 and 2019.

The projects' total cost is $984.5 million.

The realization of these projects is stipulated by the NMMC's development program, approved by the country's government.

Among the projects scheduled for realization there are the construction of a mining and distribution complex in Samarkand region, the development of the main raw material base - the Muruntau mine, and the modernization and technical re-equipment of auxiliary production facilities.

This year, the NMMC is planning to complete the implementation of five projects worth $158 million. Four of them cover the modernization of existing plants, and one covers the construction of a new facility.

The combine will carry out the technical re-equipment of the facilities for basic production of gold and uranium. The project cost is $57.7 million.

It is planned to complete the expansion of tailings at processing facilities in Zarafshan, as well as to construct tailing dumps in Uchkuduk.

The total cost of the projects will be $70.5 million. These projects are financed with the own funds of the Navoi Mining and Metallurgical Combine and loans from Uzbek banks.

Navoi Mining and Metallurgical Combine is the main producer of gold and monopoly producer of uranium in Uzbekistan. Navoi combine has produced over 60 metric tons of a total of around 90 metric tons of gold produced in the country in recent years.

Navoi combine's production complex unites four metallurgical plants in Navoi, Zarafshan, Uchkuduk and Zarmitan.

Edited by CN