2.6 C
Belgrade
03/12/2024
Mining News

Tajikistan’s mining sector shows strong growth with 18% increase in output

Tajikistan’s mining and precious metals industry has seen substantial growth, with output increasing by over 18% in the first four months of 2024 compared to the same period in 2023, amounting to 4.3 billion somonis ($398.6 million). This significant rise, reported by Sputnik, reflects expanding enterprise capacity and new strategic directions.

According to Muhammadvalishokh Makshulov, spokesperson for the Ministry of Industry and New Technologies, the growth is driven by increased enterprise capabilities and diversification of operations.

Supported by

Key developments include the launch of Zarafshon’s modern metallurgical plant for metallic copper production, equipped with state-of-the-art technologies following an investment of over $119 million. Additionally, the enrichment plant of TVEA Dushanbe Mining Industry LLC commenced operations in July 2023, enhancing processing capacity in the Ayni district of the Sughd region.

Further bolstering the sector, construction began on a second stage of a metallurgical plant aimed at producing lead, silver, and copper, supported by $43 million in foreign capital for the Tajik-Chinese mining and industrial company.

Currently, Tajikistan hosts 21 companies engaged in mining and processing minerals, with significant involvement from Chinese investments, facilitating the active operation of seven enterprises. This sector provides employment for approximately 12,500 individuals, primarily Tajik citizens, alongside Chinese workers.

The ongoing growth in Tajikistan’s mining sector underscores its strategic importance and economic impact, driven by international investments and technological advancements.

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