The state enterprise Navoiyuran has successfully issued $300 million in Eurobonds on the London Stock Exchange, setting a record for the lowest coupon rate ever achieved by an Uzbek issuer. This move aligns with the objectives outlined by President Shavkat Mirziyoyev during a videoconference held on January 16, which focused on attracting investments and enhancing…
The state enterprise Navoiyuran has announced its preparations for the first issuance of eurobonds with a volume of up to $300 million. According to the company’s press service, the placement will be organized with the participation of a consortium of international underwriting banks – Citigroup, Abu Dhabi Commercial Bank (ADCB) and Natixis. Ahead of the…
On the eve of the state visit of the President of Uzbekistan to France, a tripartite agreement was signed in Paris between the French company Orano Mining, the Japanese corporation ITOCHU and Uzbekistan’s Navoiyuran state enterprise. The agreement aims to launch uranium production at the Jongeldi deposit in Tomdi district of Navoi region until the…
The state-owned company Navoiyuran reported a 2-fold increase in net profit in 2024, according to its financial statements. The company’s revenue for the reporting period reached 11.6 trillion sums, up by 92.7%. Gross profit from product sales and operating profit more than doubled, amounting to 8.67 trillion and 6.15 trillion sums, respectively. Navoiyuran’s retained earnings…
A meeting was held at the state enterprise Navoiuran with a delegation from the Japanese corporation Itochu Corporation, led by Daisuke Inoue, Executive Director and Chief Operating Officer of the Metals and Mineral Resources Department. The Japanese delegation was welcomed by the leadership of the enterprise, headed by Jamal Faizullaev, General Director of the State…
In 2024 Navoiuran increased its production volume to 13.7 trillion sums, double the amount compared to 2023, according to the company’s press service. The company ended last year with investments totaling $125.9 million, which enabled the creation of 122 new jobs. Additionally, through cost optimization, the company managed to reduce production costs by 457.2 billion…
Standard and Poor’s (S&P) has assigned a BB- long-term foreign and local currency issuer credit ratings to Navoiuranium. The outlook is stable, mirroring that on the sovereign rating, since S&P does not expect to rate the company above Uzbekistan. Also, it forecasts production and margins to remain steady in the near term, as the company…