Uzbekistan to bring annual gold, silver production to 300 tons
Baku, Azerbaijan, July 24
By Fakhri Vakilov- Trend:
Uzbekistan intends to bring the annual gold and silver production to 300 tons by 2021, Trend reports with reference to the Ministry of Justice of Uzbekistan.
This is stipulated by the presidential decree "On measures to further improve the geological study of the subsoil and the implementation of the State program for the development and reproduction of the mineral resource base for 2020-2021."
Within its framework, the share of the search for promising mineral resources will be increased to 35 percent in 2020 and to 40 percent in 2021.
"In 2020, gold and silver production will be increased to 150 tons, and in 2021 - to 300 tons. For the implementation of the program, 2.3 trillion soums will be allocated," the Ministry of Justice reported.
The decree also approved a "road map" to further improve the exploration, rational study and development of the subsoil, as well as increase the investment attractiveness of the mining and geological sector for 2019-2020.
As part of the implementation of the roadmap, international standards for the preparation of reports on the results of geological exploration and approval of mineral reserves in accordance with the JORC Code will be implemented, and a single electronic online platform will appear for posting information on prospective areas and deposits of solid minerals.
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code’) is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves.
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