In January-November, Almalyk Mining and Processing Works increased output. In particular, ore extraction exceeded target by 5.5%. Copper processing increased by 1.9% from the target. Manufacture of cathode copper from own raw materials increased by 5.9% and zinc by 18.1%. (Ukrainian metal)
The U.S. Treasury Department’s decision to impose sanctions on Gazprombank poses a potential major challenge to Uzbekistan’s growing mining industry, which has relied on the Russian bank for financing the expansion of the $4.8-billion copper mine project, expected to nearly double the country’s copper production. With Gazprombank now excluded from the international payment system, Uzbekistan…
On November 19, a major transaction involving shares of the Almalyk Mining and Metallurgical Complex (AGMK) took place on the Tashkent Stock Exchange. According to the exchange, 175,472,021 shares were sold during the transaction, accounting for 24.7% of the company’s total issued shares. Each share was sold at a price of 69,499 soums, which was…
In January-October, Almalyk Mining and Processing Works exported products worth $535.917 million, up by 18.3% from the target. Over ten months the company has met its 11-month target. This year, Almalyk intends to export $550 million worth of products. In particular, in January-October, Almalyk exported 46.54 thousand tons of copper, up by 44.5%. Rhenium export…
On October 15, President Shavkat Mirziyoyev got acquainted with the activities of the Almalyk Mining and Metallurgical Complex and new investment projects. Economic reforms are yielding results in all sectors. Over the past six years, the volume of industrial output at the Almalyk plant has increased 1.8-fold, localization 7.7-fold and investments 13-fold. More than 70…
In January-September, Almalyk Mining and Processing Works manufactured products worth 28.357 trillion soums, up by 14.6% from the target. Kalmykar ore output grew by 2.3%. Copper raw materials processing increased by 0.4%. Copper output met the target, while from own raw materials exceeded it by 6.2%. Production of zinc from own raw materials went up…
In January-August, Almalyk Mining and Processing Works exported products worth $425.57 million, up by 18.8% from the forecast. In particular, the company exported 36.219 thousand tons of copper, up by 40.9%. Zinc products exports totaled 18.337 thousand tons. Molybdenum products exports amounted to 520 tons (+8.3%) and lead concentrate – 11.302 thousand tons (+9.8%). (Ukrainian…
Almalyk Mining and Processing Works has launched manufacture of gold and silver in granules. Granulated gold is used in jewelry, medicine, radio-electronics, microelectronics, chemistry and in the manufacture of measuring devices. Moreover, the company also produces copper in granules. Having conducted a market analyses, Almalyk will also produce granules of other non-ferrous metals. (Ukrainian metal)
