Uzbekistan’s Almalyk Mining and Metallurgy Plant JSC and China’s Shandong Gold Group Co., Ltd. have inked a memorandum of understanding and cooperation, according to Trend reports.
The agreement encompasses various aspects, including the in-depth processing of copper, zinc, and other metals, the exploration of mineral resources, and the production of novel products derived from copper, zinc, cadmium, molybdenum, tungsten, and other rare metals.
Representatives from Shandong Gold Group Co., Ltd. conducted a visit to Almalyk Mining and Metallurgical Plant JSC on September 4 to engage in discussions about potential collaboration for obtaining products through the extensive processing of copper and other precious metals. Almalyk Mining and Metallurgical Complex JSC stands out as one of Uzbekistan’s most lucrative enterprises in the industrial sector, boasting an annual profit of 6.7 trillion soums ($574.3 million) as of 2022. In 2022, AMMC contributed 18.6 trillion soums ($1.6 billion) to the country’s budget.