Gold mining giant in Uzbekistan to be modernized in the next five years
The Government of Uzbekistan said that, in the next five years, it will modernize the country’s first mining company, Navoi Mining and Metallurgical Plant.
President of Uzbekistan Shavkat Mirziyoyev has asked the government to implement a development program under which the company’s gold production capacity will be raised to 94 tons by 2026, the president’s press office said.
This will require the implementation of 40 projects worth 4 billion U.S. dollars, including the development of a new field with an estimated value of 525 million dollars, according to the report.
With more than 54,000 employees, the gold mining company is among the biggest in the world, accounting for 10 percent of all industrial production in Uzbekistan and 18 percent of state budget revenues.
- Large scale lithium and borate mineralisation in Rekovac, Serbia identified by Jadar Resource
- Bluejay Mining ilmenite mine in Greenland
- Eastern Mining Company step closer to Exploitation Permit in Bosnia and Herzegovina
- Medgold Resources to acquire Fortuna Silver Mines’ interest in the Tlamino Project, Serbia
- Highly promising boron and lithium deposits detected near Jagodina in Serbia
- What Are The Major Natural Resources Of Macedonia?
- Savannah Resources “white gold” rush in Portugal – lithium mining and environmental issues
- Raiden Resources relists with new Serbian gold and copper focus
- Turkey's Esan plans $43 million investment in Kosovo's mining sector
- Chinese company Zijin Mining interested in Serbia copper company RTB Bor
- Zijin Bor Copper in Serbia plans to invest $800 mln in expansion of its production capacity
- Miedzi Copper Corporation discovers deposits of silver and copper in Poland
- How valuable is Kosovo’s mineral wealth?
- Orion mine finance, the owner of Macedonia Sasa lead zinc optimistic in commodities market
- Bank of China to participate in EBRD syndicated loan for Shalkiya mine expansion project