On September 18, an important event took place at the Almalyk Mining and Metallurgical Plant, aimed at further expanding the company’s international relations and strengthening its position in the global copper market. A delegation from the International Copper Association (ICA), led by President and CEO Juan Ignacio Diaz, paid an official visit to the plant.…
Moody’s Ratings has assigned the Almalyk Mining and Metallurgical Complex (AGMK) a long-term corporate family rating of Ba2 for the first time. The agency also assigned the company a Ba2-PD probability of default rating and a ba3 baseline credit assessment. The rating outlook is stable. In assessing AGMK, Moody’s applied its methodology for government-related issuers.…
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…