Uzbekistan’s Almalyk Mining and Metallurgical Combine (AGMK) nearly doubled its net profit in the first half of 2026, driven by higher exports, improved operating efficiency and lower debt. According to the company’s financial statements, net profit rose to 8.7 trillion sums from 4.4 trillion sums in the same period last year. Revenue increased by 39.8%,…
A new gold-processing plant, “Kauldy,” has been commissioned in Almalyk at the Almalyk Mining and Metallurgical Complex (AGMK), aimed at expanding the company’s production capacity and increasing the processing of gold-bearing raw materials. The project was implemented using the company’s internal resources. According to reports, all technological equipment and construction works were carried out using…
The Almalyk Mining and Metallurgical Complex (AGMK) has received The Copper Mark and The Molybdenum Mark certifications issued by the Copper Mark organization, confirming compliance with international standards for responsible production of copper and molybdenum. The certification confirms that the company’s operations meet established requirements in environmental, social, and production responsibility. AGMK has become the…
International rating agency Sustainable Fitch has affirmed the sustainability rating (Entity Rating) of Almalyk Mining and Metallurgical Complex JSC at level “3” while raising the company’s overall entity score from 56 to 59 points. The rating decision reflects the company’s systematic efforts to improve its sustainable development strategy, as well as progress achieved in environmental,…
JSC “Almalyk Mining and Metallurgical Combine” (AGMK) recorded a significant improvement in financial performance in 2025, reporting a net profit of 11.6 trillion sums, an increase of 50.5% compared to 2024. The most pronounced growth occurred in the fourth quarter, with the company earning 3.3 trillion sums over the last three months of the year,…
The Almalyk Mining and Metallurgical Complex (AGMK) has denied reports of possible violations in the conclusion of foreign contracts totaling over $200 million, allegations previously raised by the international investigative journalism network OCCRP. The OCCRP report suggested that some tenders might have been awarded to foreign companies exhibiting characteristics of “shell firms” registered in the…
A meeting was held at the headquarters of JSC Almalyk Mining and Metallurgical Plant (AGMK) to summarize the plant’s performance in 2025 and identify priority tasks for 2026. The meeting was attended by management, department heads, and specialists. Speaking at the event, Abdulla Khursanov, Chairman of the Board of JSC Almalyk Mining and Metallurgical Plant,…
Almalyk Mining and Metallurgical Combine JSC (AGMK) recorded a net profit of 8.3 trillion sums in the first nine months of 2025, representing a 35.1% increase compared to the same period in 2024. In the third quarter alone, the company’s profit reached 3.8 trillion sums, up by 50.1% YoY. Meanwhile, export revenue declined to $377.8…