Baku, Azerbaijan, Dec. 7
By Nigar Guliyeva – Trend:
The State Committee of Uzbekistan on Geology and Mineral Resources attracted four foreign companies to study the prospects of development of ten gold deposits in the country in 2017, Bobir Islamov, the committee’s chairman, said during the 10th International Conference titled “Investment Potential of Hard Minerals of Uzbekistan UZGEOINVEST-2017” in Tashkent city.
Islamov said that the committee signed agreements with Canada’s B2Gold, the UK’s Nordgold, Turkey’s Tumad and South Korea’s Shindong Resources.
He added that the total volume of investments for the exploration of gold deposits may reach $8 million.
These agreements were concluded for two years, after which investors based on their research should decide on the next stages of the project - development of deposits, construction of mining and processing facilities, he noted.
“Investors may conduct preliminary research without obtaining a license, this will speed up the work in attraction of technologies and foreign companies,” Islamov said.