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…
Novokramatorsk Machine-Building Works has produced a skip hoisting machine to lift gold-containing ore for Navoi Mining and Processing Works in Uzbekistan. This is the second hoisting machine produced for the Uzbekistan works. The first was shipped in August. It is intended to transport people and equipment. In 2020, NKMZ increased sales by 0.9% YoY. (Ukrainian…
Navoi Mining and Metallurgical Combine (NMMC) has commissioned a new $200-million plant, which has a capacity to process 15 million tons of technogenic waste per annum and produce more than 7 tons of gold. Located in the Tamdyn district, the new facility is set to operate until 2040. It employs more than 1,100 people. NMMC,…
According to the president order dated January 17, the Navoi Mining and Processing Works will soon be divided into two enterprises – the state enterprise to mine and process uranium, and a joint-stock company to mine and process precious metals. The latter will be given to the trust management. A road map to reorganize the…
