July 19, Tashkent, Uzbekistan. According to Trend Report, Uzbekistan’s Navoi Mining and Metallurgical Union (NMMC) plans to implement 11 projects with a total value of $1 billion by 2024 under an ongoing investment program to increase gold production.
According to NMMC, a total of $363.5 million has already been allocated to these initiatives in the first half of 2024.
At the same time, NMMC has started a new seventh plant at Hydrometallurgical Plant No. 3 (HMP-3). This initiative will help increase the gold-bearing ore processing capacity of the facility by 13% (from 8 million to 9 million tonnes per annum). The total cost of the project, including the new plant, is $281.1 million.
Combine also plans to expand its flotation, bio-oxidation, filtration, drying and roasting operations, which will further increase production. These measures will increase annual ore processing capacity to 10 million tonnes by the end of the year.
Meanwhile, Uzbekistan’s mining and quarrying enterprises produced products worth 25.9 trillion soums (USD 2 billion) from January to May 2024. This figure represents a 17.7% increase compared to the same period last year (22 trillion soums or USD 1.7 billion from January to May 2023).
The volume of products manufactured in the mining and quarrying industry of Uzbekistan reached 8.9% of the total industry volume.
