There are currently no interested buyers for the Kyzylkum phosphorite complex

03/09/2023

Image source: pixelied.com / pixabay.com

This extension aims to provide all applicants with an opportunity to delve deeper into the economic and financial activities of the company, as detailed in the official statement.

Previously, it was recalled that following the breakdown of economic ties with the former USSR states and Kazakhstan’s decision to cease phosphate fertilizer production in the republic, Uzbekistan decided to establish its own raw material base.

The Navoi Mining and Metallurgical Combine took on the role of creating this new production giant. In 1998, the first line of a modern mining and processing complex in Kyzylkum, with a nearly completed production cycle from operational exploration to the production of phosphorite raw materials, was inaugurated.

However, post-commissioning, issues arose as locally produced phosphamide was found to contain a high chlorine content, damaging the chemical plants adapted for Karatau phosphorites previously imported from Kazakhstan. Consequently, a combined scheme for enriching phosphate rocks was necessary, with Engineering Dobersek GmbH, a German company, supplying ore washing equipment for 10 million euros.

In 2014, the phosphorite plant required additional funding of approximately $60 million, with Navoi MMC State Enterprise contributing about $30 million. The People’s Bank of Uzbekistan provided a $35 million loan from the Pension Savings System.

In 2018, the complex was transferred to the chemical industry, and in 2020, by government decree, 100% of the authorized capital of the Kyzylkum phosphorite complex was merged with the authorized capital of the Almalyk Mining and Metallurgical Plant.

Source and Credit: nuz.uz

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