News

28.06.2010 Uzbekistan increases steel production in Jan-May 2010
Uzbekistan increased production of steel by 1.1% year-on-year to 322,400 tonnes in January-March 2010.

11.06.2010 Uzpromstroybank, Chinese Eximbank sign loan agreement
Uzpromstroybank open joint stock commercial bank inked a loan agreement with China’s Export-Import Bank on Wednesday, 9 June.

11.06.2010 AGMK set to complete ore mining and processing complex at Khandiza
Experts of the State Geology Committee of Uzbekistan say that Khandiza deposit in Surkhandarya region is “stockroom” of polymetals. Total explored reserves of the deposit is 1.5 million tonnes of zinc, 700,000 tonnes of lead, 180,000 tonnes of copper and 2,300 tonnes of silver.

14.05.2010 Oxus Gold commences drilling within license area of its 50% owned AGF JV
Oxus Gold has started a drilling program within the license area of its 50% owned Amantaytau Goldfields (AGF) joint venture in Uzbekistan.

02.05.2010 ADB launches state-of-the-art Central Asia atlas of natural resources
Central Asia, standing at the crossroads of east and west, is a remarkable region. Largely landlocked, criss-crossed with unique dry lands, mountains, and globally important river systems, it is home to a true melting pot of ethnic groups and cultures.

28.04.2010 Uzmetkombinat shares included at official listing of UzSE
Shares of Uzmetkombinat were included to official listing of the Uzbek Stock Exchange in category B in line with the decision of the management board of the exchange.

23.04.2010 New Ore Processing Plant is being erected in Handiza deposit
This year Handiza ore dressing complex in Surkhondaryo region is scheduled to launch a new ore processing plant. Besides the copper, it is planned to extract lead and zinc concentrates there.

26.03.2010 Transforming the Sari-Cheku Mine Modernization project in action
An investment project has begun this year to reconstruct Sari-Cheku opencast mine included in the program of technical and technological modernization of production of Olmaliq Mining and Metal Plant for 2009-2015.

19.03.2010 Cooperation in mineral resources industry revitalizes
Korea’s Shindong Resources Co. Ltd and Luxon Energy Holdings Ltd and the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources are to jumpstart two joint ventures for the development of tungsten deposits in Samarqand region, worth $80 million.

19.03.2010 Updating Transportation Services
Ministry of Foreign Economic Relations, Investments and Trade held a meeting with a delegation from the International Road Transport Union (IRU) and representatives of ministries and agencies of Uzbekistan working in sphere of international automobile transportation.

11.03.2010 Miners to Increase Coal Production
Uzbek coal miners project a $15 million worth modernization of Boysun and Shargun coal deposits in Surkhondaryo region in 2010

05.02.2010 Challenges for Olmaliq metal workers

Olmaliq Mining and Metal Plant has reviewed its activities for 2009. Thus, plans of manufacturing of goods at comparable prices were executed at 101.7%, while the growth rate reached 108.4%.

29.01.2010 Perfecting the coal mining industry

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25.01.2010 Uzmetkombinat increases production of steel by 6.2% in 2009
Bekabad-based Uzmetkombinat plant by results of 2009 increased production of steel by 6.2% to 716,400 tons.

08.01.2010 Oxus Gold secures $185m financing from Chinese consortium for gold project in Uzbekistan

<!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:2.0cm 42.5pt 2.0cm 3.0cm; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> Oxus Gold has entered into conditional agreements with a consortium of Chinese investors to invest and arrange financing of a total aggregate amount of $185 million to help develop the company's gold project in Uzbekistan and increase production to 0.3 Moz (million ounces) of gold annually after 2011.

21.12.2009 Fitch sees CIS steel industry stabilizing in 2010; outlook remains challenging

Fitch Ratings says in a new report that it expects the CIS steel industry to stabilize in 2010 due to a forecasted slow recovery in steel volumes and stabilization of prices.

17.11.2009 The enterprise develops hi-tech mining
The number of investment projects in the power industry includes modernization of Shargunko’mir. In December, the enterprise is expected to receive new equipment, reported Uzbekko’mir.

03.11.2009 Central Asian Industrial Week
Central Asian Industrial Week will take place on 3-5 November in Uzexpocentre, Tashkent. It will present three specialised exhibitions:

01.10.2009 Uzbekistan to launch new high-tech production
A new polycrystalline silicon plant will be erected in Navoi free industrial and economic zone (FIEZ) in 2009-2012. It will be built by an Uzbek-Korean joint venture, Uz-Shindong Silicon.

18.09.2009 Uzmetkombinat under Modernization
The only ironworks in the Central Asian region, Uzmetkombinat, continues increasing its production capacities. The joint stock industrial association will hold relevant works worth more than $67 million through 2014.

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