Uzbekistan is gearing up to boost coal production by 22%, as reported by the press service of the head of state. On January 15, President Shavkat Mirziyoyev conducted a thorough review of a presentation outlining achievements in the field of geology and laying out plans. A substantial annual allocation of UZS 1 trillion (approximately $80.5 mn) has fueled geologic initiatives, resulting in the exploration of 31 thousand square kilometres of new sites.
The industry is presently witnessing the implementation of ambitious investment projects, totalling an impressive $1.7bn. Despite these strides, untapped opportunities abound in the sector to expand fields and enhance their scale of development. In response, the president has issued a directive to attract foreign technologies and investments in geological exploration, aiming to bolster efficiency and production.
President Mirziyoyev also addressed the crucial matter of processing enrichment waste based on best practices, recognizing the importance of sustainable resource utilization.
Minister of Mining and Geology, Bobir Islamov, shared insights in an interview with Uzbekistan 24, highlighting the president’s order for the development of a strategic mineral resource base with the engagement of international experts. The identification of “unconventional” deposits is a key aspect of this initiative.
Additionally, the president has instructed to facilitate entrepreneurs with access to “high-quality and cheap” kaolin (white clay), emphasizing the importance of supporting local businesses in the sector.
Minister Islamov announced the formulation of a new law on subsoil, with the involvement of international consultants from the Boston Consulting Group.
According to data from the Statistics Agency, Uzbekistan witnessed the production of 5.73 mn tons of coal in January-November last year, marking a substantial 19.1% increase compared to 2022.
Earlier reports from Daryo indicated that Kazakhstan has nearly doubled its coal supplies to Uzbekistan, reflecting a regional dynamic in the coal industry.
LATEST NEWS
-
Resistance to EU Coal Phase-Out Evident in Bulgarian Mining Village
08/05/2024
-
Polish Government Sticks to Coal Exit Plan Despite Calls for Acceleration
08/05/2024
-
Polish Government Delays Spin-Off Plan for State-Owned Coal Power Plants
08/05/2024
-
Kazakhstan Implements Measures to Address Raw Material Shortage
08/05/2024
