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…
Navoi Mining and Metallurgical Combine has commissioned a new site to produce rare and rare-earth metals. The company occupies the 7th place in the world in uranium mining and uranium oxide concentrate production. The uranium concentrate is the main product of the ore group No. 5, where a new site has been commissioned. It will…
Implementation issues of the program of guaranteed electricity supply to the new production facilities of the Navoi Mining and Metallurgical Combine (NMMC) were considered at a meeting chaired by Uzbek President Shavkat Mirziyoyev, the presidential press service said in a statement. The leadership and specialists of the Uzbekenergo JSC and its territorial facilities, NMMC, interested…
