S&P Global Ratings has affirmed the long-term credit rating of Uzbekistan’s uranium producer Navoiyuran at “BB-” while revising the outlook to “positive.” The improved outlook reflects the company’s strong operating performance and its strategic partnerships. In 2024, Navoiyuran produced 5,200 tons of uranium, significantly exceeding its planned targets, with 99% of revenue secured under existing…
The state enterprise Navoiyuran reported a significant rise in profit amid strong activity in the uranium market. In the first nine months of 2025, the company’s net profit reached 3.7 trillion UZS, marking a 28.6% increase compared to the same period last year. The third quarter showed particularly strong growth, with profit jumping by 149.2%,…
The state-owned enterprise “Navoiyuran” has summarized its production and economic performance for the first half of 2025. The company’s output reached 6.8 trillion Uzbek sums, marking a 36% increase compared to the same period of last year. According to the company, optimization of production processes and cost-cutting measures led to a reduction in production costs…
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…