MINEX Forum

Tag: Almalyk Mining and Metallurgical Complex

  • New Lime Plant Under Construction at Almalyk Mining and Metallurgical Complex

    New Lime Plant Under Construction at Almalyk Mining and Metallurgical Complex

    In a significant move towards industrial modernisation, the Almalyk Mining and Metallurgical Complex (AMMC) is constructing a new lime plant in the Farish district of the Jizzakh region as part of the investment project ‘Development of the Yoshlik I Deposit’. This project is strategically vital for ensuring a continuous and efficient supply of raw materials and reagents to production enterprises, aiming to elevate the industrial potential of the region.

    The total cost of the project, which is being implemented in accordance with the Presidential Decree of the Republic of Uzbekistan No. PP-4731 dated May 2, 2020, amounts to $99.9 million. Once operational, the plant will produce 2,200 tonnes of lime daily, equating to 737,000 tonnes annually. A notable feature of the facility is its full adaptation to operate on coal fuel, which is expected to significantly reduce production costs.

    The financial structure of the project highlights AMMC’s capability to independently and transparently attract external financing. An EPC contract has been signed with the Chinese company Jiangsu Pengfei Group Co., Ltd., with an advance payment of $15 million already disbursed. Additionally, a loan agreement for $84.8 million has been secured with the Bank of China, backed by insurance from Sinosure.

    The raw material base for the plant will consist of local limestone deposits ‘Chimkurgon-1’ and ‘Chimkurgon-2′, located in the Farish district, allowing for complete localisation of the production chain. The project is also set to create 323 new jobs in the region.

    As of August 10, 2026, all necessary expert procedures for the investment project have been successfully completed, and the technical and economic justification for the project has been officially approved by the Cabinet of Ministers. The general contractor has manufactured modern technological equipment valued at $60 million, which is ready for shipment. Furthermore, positive conclusions have been obtained from urban planning, industrial safety, and state architectural and construction control authorities, enabling the official commencement of construction works.

    Currently, construction activities are actively progressing on the 21.2-hectare site. Mobilisation works have been fully completed, and 20 units of special equipment have been brought to the construction site. Concrete slabs have been laid in the administrative and domestic complex, dining hall, and workers’ dormitories, with wall construction ongoing. Importantly, excavation work for the foundations of the main technological installations has begun.

    Simultaneously, the construction of railway infrastructure necessary for transporting finished products and organising efficient logistics is advancing rapidly. Excavation and soil relocation works have been completed, with a total volume of 37,100 cubic metres, achieving 95% readiness. A total of 2,264 concrete sleepers and special beams for switch points have been delivered to the industrial site.

    To ensure stable energy supply to the facility, grounding and cable channel installation works have been completed. Four supports for a 110 kV overhead power line have been installed, and the construction of platforms and concrete bases for two transformer substations, each with a capacity of 16,000 kVA, has been finalised.

    A workforce of 106 highly qualified specialists and workers is currently engaged on the construction site. Resource distribution is being managed according to the project’s priority directions: 80 workers are focused on building administrative and residential facilities, 18 are involved in constructing the railway branch, and 8 specialists are executing complex electrical installation works.

    The systematic and sequential implementation of this investment project will lay a crucial foundation for ensuring the production capacities of the Almalyk Mining and Metallurgical Complex with domestic raw materials. The modern plant, being constructed with advanced technologies, is expected to accelerate the development pace not only of AMMC but also of the entire industry in New Uzbekistan in the coming years.

  • Transformation is Shaping Almalyk Mining and Metallurgical Complex

    Transformation is Shaping Almalyk Mining and Metallurgical Complex

    Uzbekistan is witnessing the emergence of a new industrial identity — one grounded in sustainability, efficiency, and global competitiveness. At the heart of this transformation stands the Almalyk Mining and Metallurgical Complex (AMMC), which is rapidly evolving from a traditional industrial flagship into a high-tech, responsible enterprise meeting international standards.

    The ongoing transformation at AMMC spans several key areas: finance, corporate governance, environmental responsibility, and digitalisation. This ambitious programme represents a strategic initiative poised to significantly influence the pace and quality of the company’s development in the years ahead.

    Transparency Through Numbers

    Openness begins with accurate reporting. Since 2019, AMMC has adopted International Financial Reporting Standards (IFRS), a critical step towards improving transparency and boosting the company’s investment appeal.

    “The transition to IFRS enabled AMMC to obtain international credit ratings from the world’s leading agencies. These ratings were instrumental in successfully securing nearly $2 billion in funding from international financial institutions and banks — directly, without intermediaries,” said Boburjon Siddiqjonov, Head of the Project Office for Transformation, ESG, and International Ratings.

    This achievement has helped reduce the company’s debt burden and freed up resources for strategic investment in AMMC’s continued development.

    Corporate Governance: From Compliance to Excellence

    A critical part of AMMC’s transformation lies in rethinking its management practices. To ensure the enterprise is not only efficient but also sustainable and globally competitive, a dedicated project office for transformation, ESG, and international ratings has been established. This team is tasked with implementing global best practices — from transparent reporting to strategic planning.

    “Key reforms were carried out in collaboration with leading consultancy firms. For example, AMMC’s mineral reserves were re-evaluated using the globally recognised JORC Code. In parallel, a comprehensive development strategy was drawn up through to 2030,” Siddiqjonov added.

    Efforts have also been made to combat corruption and ensure procurement transparency. A thorough audit conducted with major international firms identified vulnerabilities and offered corrective measures. Additionally, the entire “copper chain” — from open-pit mining to the smelting plant — underwent an in-depth evaluation, resulting in a new roadmap to optimise production processes.

    Environmental Responsibility: A Mark of Global Standards

    AMMC is currently pursuing certification under The Copper Mark, an international seal of approval for responsible copper producers. This certification is crucial to enhancing global competitiveness. It allows the company to sell its products at a premium, attract green financing — particularly in Europe — and take part in environmentally focused investment programmes.

    AMMC has also received an ESG rating of ‘3’ with a score of 56 from Sustainable Fitch — the highest among Uzbekistan’s mining and metallurgical enterprises and one of the top ratings in Central Asia.

    This year, AMMC plans to unveil a greenhouse gas emissions reduction strategy, aiming to cut emissions by at least 15% by 2030. In addition, it will plant 370,000 trees annually as part of its broader ecological initiative.

    Digital Transformation in Action

    Digitalisation is another cornerstone of AMMC’s transformation. Financial and accounting reports are now generated automatically using the 1C:ERP system, halving the time needed to prepare documents.

    Warehouse, fuel, and weighing operations have all been automated. At the copper concentration plant, digital weighing systems with 99.8% accuracy have been installed. Moreover, a contactless fuelling system has been introduced — drivers now use ID cards instead of relying on operators, streamlining the process and mitigating corruption risks. These improvements have already saved 89 billion Uzbek soms in diesel costs alone.

    “Digitalisation is already generating an annual economic return of 9.1 billion soms for the company,” Siddiqjonov noted.

    What’s Next for AMMC?

    2025 is set to be a pivotal year. AMMC plans to secure a climate strategy grant from the Asian Development Bank and to begin reporting under the new IFRS S1 and S2 climate standards.

    “Our team faces ambitious goals: complete The Copper Mark certification, publish the first climate report, prepare for a Eurobond issuance, and obtain ISO certification in information security,” said the company representative.

    AMMC’s transformation is far more than a company-wide initiative — it’s a reflection of a broader national agenda aimed at building a modern, resilient, and competitive economy. By embracing global best practices and pursuing strategic long-term priorities, AMMC is helping to shape Uzbekistan’s industrial future.

  • Almalyk Mining and Metallurgical Complex and a Chinese company have signed a memorandum of understanding and cooperation

    Almalyk Mining and Metallurgical Complex and a Chinese company have signed a memorandum of understanding and cooperation

    On September 5th, an Uzbekistan-China business forum took place in Tashkent, during which an Uzbekistan-China business forum was held, marking the 10th anniversary of the “Belt and Road” initiative and a conference on cooperation and exchange between China (Shandong) and Uzbekistan.

    The aim of these events was to promote joint utilization of the “Belt and Road” opportunities, further strengthen the advantages of cooperation, enhance the level of cooperation, and create a new space for mutually beneficial cooperation at the local level between the Shandong province and Uzbekistan.

    The prestigious event was attended by the leadership and responsible persons of “Almalyk Mining and Metallurgical Complex.”

    During the event, the Chairman of the Board of “Almalyk Mining and Metallurgical Complex” Abdulla Khursanov and the Deputy General Director of “Shandong Gold Group Co., Ltd” Wang Lizhong signed a memorandum of understanding and cooperation. The document covers issues such as deep processing of copper, zinc, and other metals, mineral resource development, production of new products based on copper, zinc, cadmium, molybdenum, tungsten, and other rare metals.

    According to this document, a task was also defined for the joint training of talented technical specialists.

    Representatives of this company visited the Almalyk Mining and Metallurgical Complex on September 4th of this year and discussed issues related to obtaining products through the deep processing of copper and other precious metals.

    The Chinese guests also visited the observation platforms of the “Kalmakyr” mine and the “Yoshlik I” deposit, as well as the under-construction copper beneficiation plant No. 3, according to the information service of AGMK.

    For reference, “Shandong Gold Group Co., Ltd” is a Chinese company specializing in gold mining, ore processing, gold production, mining management, and investments in the mining industry. The company is the second-largest gold producer in China in terms of output.