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SFI Management Group plans to attract over 180 million USD investment in AMMC


SFI Management Group plans to attract over 180 million USD investment on five projects of AMMC, in 2019, the State Investment Committee reports.

“Our largest initiative is development of Yoshlik I mine. According to predicted estimates, after launching the project in 2027, up to 23 million tons of copper-molybdenum ore will be mined here annually”, – said AMMC representatives.

In addition to expanding production facilities on mining and processing of raw materials at Kalmakir and Sary-Cheku mines, it is planned to modernize the copper concentration plant, copper smelting and zinc plants.

According to the AMMC Press Service, these projects are planned to be completed in 2021 and 2020, which will make it possible to bring stable mining of copper-molybdenum ore at Kalmakir and Sary-Cheku mines to 40.3 million tons annually, as well as to reconstruct and update the main technological equipment of the specified divisions.

“We will also continue construction of an underground mine at Samarchuk site. After commissioning in 2021, up to 100 thousand tons of gold-containing ore will be mined here”, noted by AMMC expert.

Another project is construction of Interfluve underground mine. It is at early stage of implementation, the main part of activities on projects is planned for 2020-2023.

Almalyk MMC is the only copper producer in Uzbekistan. The company produces refined copper, zinc metal, molybdenum, lead concentrate and other products. About 90% of silver production and 20% of gold in the country accounts for AMMC. Since August 2018, the state share in the enterprise has been transferred into trust management of SFI Management Group.

Source: UzA.uz/de