In 2025, Navoi Mining and Metallurgy Company (NGMK) produced goods totaling 135.6 trillion sums, marking a 44.4% increase compared to 2024. Gold production exceeded 3.1 million ounces, up by 2.1%, calculated at a price of $3,579.8 per ounce. As part of its investment program, the enterprise implemented $561 million worth of projects, creating 2,628 new jobs. The localization…
Navoi Mining and Metallurgical Works published a report on its operational results in January-March. The production volume reached 27.8 trillion sums, up by 0.7% YoY. A total of 753,500 ounces of gold were extracted (compared to 748,100 ounces during the same period in 2024). $118.4 million was invested under the Investment Program. 697 new jobs…
Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC) is actively integrating ESG principles (environmental, social and governance standards) into its operations, Boris Samoylenko, Head of ESG at NMMC, has said. “Receiving the first ESG rating from internationally recognized agency Sustainable Fitch confirms our commitment to the principles of sustainable development and reflects the level of integration…
Olga Ponkratova, the Buyuk Kelajak expert, who has graduated from Russia’s Higher School of Economics and Harvard Business School, has been appointed deputy director of the Navoi Mining and Processing Works. With vast experience in mining, Ponkratova worked at Evraz, Novolipetsk Steel, Uralkali, Alrosa, Basic Element, ERG/ENRC, Glencore, Kazphosphate, Teu-Ken Samruk and EY. She also…
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…
Last year, the Navoi Mining and Metallurgical Combine manufactured products worth $5 billion (54.2 trillion soums). According to the investment program, the company has mastered $621.1 million, creating more than 3,400 new jobs. As for the localization program, the company made products worth $40.8 million (442 billion soums). At the same time, $388 million (4.2…
According to the president order dated January 17, the Navoi Mining and Processing Works will soon be divided into two enterprises – the state enterprise to mine and process uranium, and a joint-stock company to mine and process precious metals. The latter will be given to the trust management. A road map to reorganize the…