The Navoi Mining and Metallurgical Company (NMMC) has reached a historic milestone by successfully pricing its inaugural dual-tranche notes offering, which garnered a record oversubscription of $1 billion. This significant achievement includes $500 million in 4-year notes with a 6.70% coupon rate and $500 million in 7-year notes at 6.95%. NMMC’s offering generated the largest…
Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC) has successfully implemented the ISO 37001:2016 international standard, strengthening its commitment to corporate transparency and global anti-corruption efforts. According to the company, in line with its ongoing efforts to align its management systems with international standards, NMMC underwent a rigorous external audit conducted by CERT International. The audit…
Navoi Iron and Steel Works has launched another mill-block – No. 7 at the hydrometallurgical plant No. 3. Annual capacity of the plant is 8 million tons of ore. With the new mill block, the capacity will exceed 9 million tons. In the future the company will expand its shops of flotation, bio-oxidation, filtration, drying…
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…