In 2024, the Navoi Mining and Metallurgical Company (NGMK) reached a historic milestone by producing more than 3 million ounces of gold for the first time. This was announced by Yevgeniy Antonov, First Deputy General Director and Chief Transformation Officer of NGMK, during the Tashkent International Investment Forum. “Last year, we crossed a significant threshold…
Navoi Mining and Metallurgical Company JSC (NGMK) has successfully placed five-year corporate bonds worth $500 million on the London Stock Exchange, with an annual coupon rate of 6.75%, according to the company’s press service. The bonds were issued under international formats Reg S and Rule 144A, granting access to investors from the United States, Europe,…
Navoi Mining and Metallurgical Company (NGMK), the fourth-largest gold producer in the world and the leading gold mining enterprise in Central Asia, has successfully commissioned the vertical skip shaft “Skipovoy”. The project was implemented as part of a large-scale investment program to develop the lower horizons of the Zarmitan deposit. With a diameter of 6.5…
In 2023, Navoi Mining and Processing Works retained the status of the largest taxpayer. Last year, the company made 67.5 trillion soums worth of products, up by 3.8% YoY. Prime cost decreased by 5.8%. 38.6 trillion soums was paid to the state budget. 1445 new jobs were created. The share of the company in the…
In January, 2186 large taxpayers paid around 9 trillion soums of taxes to the state budget. 10 largest taxpayers with state share accounted for 4.6 trillion soums. Navoi Mining and Processing Works paid the most – 2.4 trillion soums. (Ukrainian metal)
In February, the Navoi Mining and Processing Works’ group of specialists visited South Korea to get to know the activities of major manufacturing and hi-tech companies. In particular, the specialists have visited PNT INC, which is producing machinery to manufacture copper foil. Following negotiations, a memorandum of cooperation in manufacture of copper foil at NGMK…
In 2021, Navoi Mining and Processing Works produced over 80 tons of gold. The share of the company in payments to the state budget amounted to 20% and in the industrial manufacture – 13%. Last year, NGMK occupied the fifth place among the world gold manufacturers. The company net profit amounted to 11.3 trillion sums.…