Azerbaijani companies are set to engage in the exploration and development of gold deposits in Uzbekistan, as reported by Gazeta.uz, citing the Uzbek Ministry of Investments, Industry and Trade. The initiative includes geological exploration, processing of silver-containing ores, and the extraction of rare earth metals. Notably, AzerGold is planning to participate in the development of the ‘Akba’ gold deposit located in the Kitab district of the Kashkadarya region. The company will also conduct geological surveys in promising areas of the Nuratin district in the Navoi region.
In 2025, ‘Uzbekgeologorazvedka’ reported that over 13 tonnes of industrial gold reserves at the ‘Akba’ deposit had been accounted for and placed on the state balance. Further geological exploration in the area could potentially reveal an additional 50 tonnes of gold. This significant find underscores the potential for increased gold production in Uzbekistan, which is becoming an attractive destination for foreign investment in the mining sector.
Another project involves the extraction of rare earth metals in the Navoi, Tashkent, and Jizzakh regions, with Neqsol Holding acting as the Azerbaijani partner. This collaboration highlights the growing interest in rare earth elements, which are critical for various high-tech applications and are increasingly in demand globally.
Additionally, in the Namangan region, a partnership with Sur Gold and Silver Project aims to establish a processing plant for silver-containing ores. This project not only signifies the diversification of mining activities in Uzbekistan but also reflects the country’s commitment to enhancing its mining infrastructure and capabilities.
Overall, these developments indicate a strengthening of economic ties between Azerbaijan and Uzbekistan, particularly in the mining sector, as both countries seek to leverage their natural resources for mutual benefit.
