Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of JSC Almalyk Mining and Metallurgical Complex (AMMC) to BB from BB- with a Stable Outlook. The decision followed Fitch’s upgrade of Uzbekistan’s sovereign rating. The plant was evaluated based on the agency’s criteria for government-related entities (GRE), with high marks given for its economic…
In the first half of 2025, the Almalyk Mining and Metallurgical Plant (AGMK) fully completed all the tasks provided for by the localization program. In particular, within the framework of 100 projects, products worth 629.2 billion sums were manufactured, which was 102.2% of the forecast figure (615.9 billion sums). The effectiveness of import substitution is…
Uzbekistan has launched industrial production of the rare metal rhenium. This was announced by the press service of the Almalyk Mining and Metallurgical Complex (AGMK). As a result of years of scientific research by AGMK scientists and specialists, a technology was developed in 2021 to produce rhenium with a purity of 99.9%. This high level…
In January-February, Almalyk Mining and Processing Works exceeded output by 11.3% from the forecast. Increase in copper cathodes production reached 2.4%, with own raw materials – 24.2% and zinc of own raw materials – 4.1%. Polymetallic ore output target was reached in full, while its processing exceeded it by 0.1% and zinc content in concentrate…
On February 25, the construction of a new lime plant was officially launched in Jizzakh region as part of an investment project for the development of the Yoshlik-I deposit. The groundbreaking ceremony was attended by AGMK leadership, representatives of the Jizzakh regional administration, official delegates from the contracting organization and industry veterans. The new plant…
Almalyk Mining and Processing Works has successfully completed the construction of the second line of the rotary kiln at the lime plant. The opening event was held on February 14. Employees who participated in the design and construction of the kiln received valuable gifts. After the official part of the event the kiln was launched…
In 2024 Almalyk Mining and Processing Works exported products worth $610.852 million, up by 11.1% from the forecast. In particular, copper products exports increased by 32.6%, to 51.698 thousand tons, lead concentrate by 21.5%, to 15.183 thousand tons and molybdenum products – by 9.3%, to 760 tons. Last year the target was set to export…
In January 2024 Almalyk Mining and Processing Works launched new thickeners Nos. 13 and 14. In April 2024 the railroad shop No. 3 commissioned a site for washing automobile and railroad transport means. In the same month reconstruction of the cooling tower in the air distribution shop was completed and a hydrometallurgical site for semi-finished…