Uzbekistan has greenlit a major new investment phase at the Muruntau gold complex, one of the world’s largest gold-mining operations. Valued at approximately $734 million, the expansion is designed to increase processing capacity and extend the mine’s productive life, reinforcing its role as a cornerstone of the national mining sector.
The investment focuses on modernising processing facilities, improving gold recovery rates, and expanding employment opportunities in the Navoi region. These upgrades aim to enhance operational efficiency while maximising output from one of Uzbekistan’s most important mineral assets.
Muruntau already contributes significantly to state revenues, and the expansion reflects continued confidence in large-scale gold mining despite global price volatility. Officials emphasise that the project aligns with Uzbekistan’s broader strategy of reinvesting mining proceeds into domestic industrial capacity, rather than relying solely on greenfield developments.
For investors, the expansion signals Uzbekistan’s commitment to sustainable mining growth, long-term asset optimisation, and value creation within its gold sector. By strengthening existing operations, Muruntau reinforces the country’s position as a major gold producer in Central Asia.
