In 2023, Navoi Mining and Processing Works retained the status of the largest taxpayer. Last year, the company made 67.5 trillion soums worth of products, up by 3.8% YoY. Prime cost decreased by 5.8%. 38.6 trillion soums was paid to the state budget. 1445 new jobs were created. The share of the company in the…
In January, 2186 large taxpayers paid around 9 trillion soums of taxes to the state budget. 10 largest taxpayers with state share accounted for 4.6 trillion soums. Navoi Mining and Processing Works paid the most – 2.4 trillion soums. (Ukrainian metal)
Navoi Iron and Steel Works is constructing hydrometallurgical plant No. 6 at the Pistali gold ore deposit. The capacity of the plant will be 4 million tons of ore per year. The work at the deposit began on January 6. Investments in the plant will reach $274.7 million. More than 2 thousand jobs will be…
In February, the Navoi Mining and Processing Works’ group of specialists visited South Korea to get to know the activities of major manufacturing and hi-tech companies. In particular, the specialists have visited PNT INC, which is producing machinery to manufacture copper foil. Following negotiations, a memorandum of cooperation in manufacture of copper foil at NGMK…
In 2022, Navoi Mining and Metallurgical Works manufactured 56.6 trillion sums worth of products, up by 106.2% YoY. 18 trillion sums were paid to the state budget. Over 6 years, gold output grew by 21% and silver – by 46%. Last year, the company invested $486 million in development and carried out three large projects…
In 2021, Navoi Mining and Processing Works produced over 80 tons of gold. The share of the company in payments to the state budget amounted to 20% and in the industrial manufacture – 13%. Last year, NGMK occupied the fifth place among the world gold manufacturers. The company net profit amounted to 11.3 trillion sums.…
Last year, the Navoi Mining and Metallurgical Combine manufactured products worth $5 billion (54.2 trillion soums). According to the investment program, the company has mastered $621.1 million, creating more than 3,400 new jobs. As for the localization program, the company made products worth $40.8 million (442 billion soums). At the same time, $388 million (4.2…
One of the largest uranium and gold producers in the world, Uzbekistan’s Navoi Mining and Metallurgy Combinat (NMMC) is set to raise $1 billion from Russia’s VTB bank. A corresponding agreement was signed on the sidelines of the Economic Forum in Tashkent. Under the agreement, VTB will finance the investment program of the plant. The…