Uzbekistan's Navoi Mining And Metallurgical Combine Shares Its Plans For 2025 (Exclusive)
Date
12/21/2024 1:08:52 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 21. The strategy of
the Navoi mining and Metallurgical Combine (NMMC) is focused on
developing existing deposits and processing capacities in
Uzbekistan, the Deputy General Director for Economics and Finance
and a board member of NMMC, Jahongir Khasanov, told Trend .
"In the coming year, the main efforts will be directed towards
capital works at the Muruntau, Kokpatas, and Daugiztau deposits and
in the Zarmitan Gold ore zone. Significant investments will be made
for technical and technological upgrades, as well as maintaining
existing capacities," he said.
Khasanov highlighted that one of the key initiatives for 2025 is
the construction of a photovoltaic station in the Tamdinsky
district of the Navoi region. This project will supply electricity
to NMMC's production facilities, enhancing the sustainability and
environmental performance of the enterprise.
"In 2024, credit funds from Japan's MUFG Bank were used to
finance the company's investment program. Among other projects, the
NMMC representative directed these funds primarily towards the
processing of gold-bearing ores at the Kokpatas and Daugiztau
deposits, the construction of a gold ore extraction and processing
complex at the Pistali deposit, and the development of lower levels
at the Zarmitan gold ore zone.
He also announced the allocation of $23 million to the Muruntau
open-pit gold mine. These measures will help reduce ore
transportation costs, improve electricity supply reliability, and
enhance infrastructure for future mining operations. Ultimately,
this is expected to increase the overall productivity of the
deposit.
"We also see attractive opportunities outside of the country,
and we are carefully exploring such possibilities. It is possible
that in the future, NMMC will participate in projects beyond
Uzbekistan," Khasanov added.
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