Uzbekistan significantly increased its gold exports from January to August. According to the National Statistics Committee, the volume of gold shipments abroad reached $8.42 billion, up by 68.9% YoY. Gold’s share in the country’s export structure rose to 36.7% from 28.5% in January-August 2024, underscoring the continuing central role of the precious metal in Uzbekistan’s…
Uzbekistan plans to raise its gold production to 118 tons in 2025, President Shavkat Mirziyoyev has announced during a meeting with education sector workers, where he also emphasized the government’s intention to introduce a unified state exam in schools. The head of state recalled that in 2016 the country produced 86 tons of gold, while…
Uzbekistan entered the top 10 global gold producers in 2024, extracting 129 tons of the precious metal, which accounted for 3.5% of total global output, according to the World Gold Council (WGC). Global gold production in 2024 reached 3,661 tons, up by 0.5% YoY. China remained the world’s largest producer with 380 tons, followed by…
Around a dozen Armenian civil society organizations have sent an open letter to the European Bank for Reconstruction and Development (EBRD), expressing strong concern over the financing of the Amulsar gold mine project. They reminded the EBRD that it had adopted principles of environmental and social responsibility, meant to exclude investments harmful to people, nature…
Gnel Sanosyan, a member of the board of the Civil Contract party, has announced that he has recently been appointed as the government’s representative in Lydian Armenia. “I was appointed a few days ago,” Sanosyan added. Lydian Armenia has transferred 12.5% of its shares to the Government of Armenia. Gnel Sanosyan resigned as Minister of…
On August 19, an auction was held on the E-auksion platform for the right to conduct geological exploration at the Terekli site in the Akhangaran district of Tashkent region. The bidding lasted for 11 hours and 50 minutes, concluding after 377 rounds. The winner was Toyloq Toza Hudud, which offered 81.8 billion sums (about $6.5…
An online auction for the right to conduct geological exploration at the gold-bearing Pirali site in Navoi region was held on the E-auksion platform, according to the official website. The bidding, which began on the morning of August 21, lasted for 23 hours and 29 minutes. After 461 bids, the winner was declared as NBK…
On August 18, the electronic platform E-auksion hosted bidding for the right to conduct geological exploration at the gold-bearing Temirchi site, located in Nurata district of Navoi region. The winner was Zauris, offering 67.78 billion sums ($5.4 million) – nearly 16.5 times higher than the starting price of 4.12 billion sums. The Temirchi site lies…