Uzbekistan intends to legalize cryptocurrencies this year

MINEX FORUM | February 21, 2018
img0 By September 1, 2018, Uzbekistan intends to draft a bill on using e-currencies in the republic. A decree on it was signed by President Shavkat Mirziyoyev. The Central Bank, Information Technologies and Communications Ministry, Finance Ministry, Economy Ministry and other governmental agencies are charged to prepare their proposals regarding the bill. The cryptocurrency issue is a ...

Uzbekistan aims to increase coal production

MINEX FORUM | February 7, 2018
img0 Uzbekistan plans to increase coal production up to 11.1 million tons by 2021 to meet the needs of the population and industry. The Uzbek Ministry of Economy announced the approval of the Program for the further development and modernization of the coal Industry for 2017-2021. Given that in 2017, the volume of coal mining amounted ...

RosGeoPerspectiva plans to explore for copper and gold in Uzbekistan

MINEX Forum | January 8, 2018
img0 The Russian company, RosGeoPerspectiva, will carry out geological exploration work to find copper and gold in the promising areas of Kazakhtau and Kazakhtau 1 in Navoi region of Uzbekistan. The Russian side and the State Committee of Uzbekistan for Geology and Mineral Resources have already prepared a draft agreement on geological exploration and pilot production ...

Uzbekistan plans to break into world’s leaders list in coal mining

MINEX Forum | January 8, 2018
img0 Uzbekistan Railways JSC (Uzbekistan Temir Yollari) published a plan for financial recovery of coal industry enterprises and their transformation into the world leaders. Uzbekugol and Shargunkumir companies were transferred to the balance of Uzbekistan Railways in November last year by presidential decree. The purpose of this transfer was bringing the coal industry to a new ...

Mundoro Capital launches the new drilling program at the Tilva Rosh gold target

MINEX FORUM | May 23, 2017
img0 Mundoro Capital Inc. (TSX VENTURE:MUN) (“Mundoro”) announced the start of the drilling program at the Tilva Rosh gold target on the Company’s 100% owned Savinac license (“Savinac”). Savinac is one of the four exploration licenses located in the southern portion of the Timok Magmatic Complex in Serbia that are 100% controlled by Mundoro. “The prior ...

Uzbekistan opens up to foreign investors and mining companies

MINEX FORUM | May 23, 2017
img0 *Summary of MINEX Uzbekistan 2017 Mining and Investment seminar http://minexforum.com/events/uzbekistan2017/ Uzbekistan is launching reforms to address pressing economic and social issues. The creation of free conversation of the national currency is the cornerstone of the reform. One of the objectives of the Government is to attract foreign investment in the development of country’s mineral resources and ...

Shavkat Mirziyoyev agreed with Vladimir Putin on 39 points

MINEX FORUM | April 5, 2017
img0 Prezident of Russia Vladimir Putin and President of Uzbekistan Shavkat Mirziyoyev discussed development of bilateral relations and exchanged views on a number of current international and regional issues at the talks in narrow format. The talks continued with the two countries’ delegations taking part, said kremlin.ru. Following the talks, the two presidents signed the Joint Statement by President of Russia Vladimir Putin and President of Uzbekistan Shavkat Mirziyoyev. A package of intergovernmental, inter-agency and corporate agreements were also signed ...

Shavkat Mirziyoyev launched the plant construction on Auminzo-Amantoy gold deposits

MINEX FORUM | March 29, 2017
img0 President of the Republic of Uzbekistan Shavkat Mirziyoyev launched the Navoi Mining and Metallurgy Comine’s hydrometallurgy plant No 5. Auminzo-Amantoy gold deposits are the resources base of the plant, the president’s press service reported. At the initiative of the President, 27 projects are to be carried out at the combine in 2017-2026. The hydrometallurgy plant is ...