The completion of the new copper smelting complex at the Almalyk Mining and Metallurgical Complex (AMMC) in Uzbekistan is scheduled for the coming years, AMMC Chairman Abdulla Khursanov has said. “The new copper smelting complex is aimed at expanding the current capacity for cathode copper production from 148,000 tons to 300,000 tons. The project is…
Recently the Almalyk copper-processing factory has reached its target to supply copper concentrate to Almalyk Mining and Processing Works. The factory produced 113.5 thousand tons of concentrate. This operation demonstrates the team’s resolve to reach new heights next year. (Ukrainian metal)
In January-November, Almalyk Mining and Processing Works exported goods worth $578.796 million. The result exceeded the target by 15.4%. In particular, the company exported 49.698 tons of copper products and 27,134 tons of zinc products. This year, new export markets have been entered. Thus, since May copper wire rod has been exported to Guinea, Senegal,…
In January-November, Almalyk Mining and Processing Works increased output. In particular, ore extraction exceeded target by 5.5%. Copper processing increased by 1.9% from the target. Manufacture of cathode copper from own raw materials increased by 5.9% and zinc by 18.1%. (Ukrainian metal)
The U.S. Treasury Department’s decision to impose sanctions on Gazprombank poses a potential major challenge to Uzbekistan’s growing mining industry, which has relied on the Russian bank for financing the expansion of the $4.8-billion copper mine project, expected to nearly double the country’s copper production. With Gazprombank now excluded from the international payment system, Uzbekistan…
On November 19, a major transaction involving shares of the Almalyk Mining and Metallurgical Complex (AGMK) took place on the Tashkent Stock Exchange. According to the exchange, 175,472,021 shares were sold during the transaction, accounting for 24.7% of the company’s total issued shares. Each share was sold at a price of 69,499 soums, which was…
In January-October, Almalyk Mining and Processing Works exported products worth $535.917 million, up by 18.3% from the target. Over ten months the company has met its 11-month target. This year, Almalyk intends to export $550 million worth of products. In particular, in January-October, Almalyk exported 46.54 thousand tons of copper, up by 44.5%. Rhenium export…
In January-September, Almalyk Mining and Processing Works manufactured products worth 28.357 trillion soums, up by 14.6% from the target. Kalmykar ore output grew by 2.3%. Copper raw materials processing increased by 0.4%. Copper output met the target, while from own raw materials exceeded it by 6.2%. Production of zinc from own raw materials went up…