MINEX Forum

Tag: Almalyk Mining

  • Uzbekistan’s AMMC Commissions Kovuldi Gold Processing Plant With 200,000 Tonne Annual Capacity

    Uzbekistan’s AMMC Commissions Kovuldi Gold Processing Plant With 200,000 Tonne Annual Capacity

    Uzbekistan’s Almalyk Mining and Metallurgical Combine has commissioned a new gold processing plant at the Kovuldi deposit, marking the latest expansion of production capacity at one of Central Asia’s largest integrated mining operations.

    The Kovuldi gold processing plant was officially opened on 15 May 2026 in a ceremony attended by AMMC management, ministry officials, foreign partners, representatives of the Almalyk city administration, labour veterans and members of the public. A ribbon-cutting ceremony formally marked the launch of the facility.

    The plant will process ore extracted from the Kovuldi and Quyi Kenzhasoy deposits, with an annual processing capacity of up to 200,000 tonnes of ore. A second phase of the project is also planned, which will further expand throughput capacity. The commissioning of the facility has created 151 new jobs. Speakers at the opening ceremony said the plant would contribute to strengthening Uzbekistan’s gold reserves through the efficient use of local raw material resources and a systematic increase in gold production volumes.

    AMMC is a state-owned enterprise and one of Uzbekistan’s most significant industrial assets, producing copper, gold, silver, zinc and other metals from deposits in the Almalyk district of Tashkent Region.

  • UK Export Finance Supports First Deal in Uzbekistan with €12.6 Million Loan Guarantee for Almalyk Mining

    UK Export Finance Supports First Deal in Uzbekistan with €12.6 Million Loan Guarantee for Almalyk Mining

    UK Export Finance (UKEF) has secured its first deal in Uzbekistan, providing a €12.6 million loan guarantee to Almalyk Mining and Metallurgical Complex (AMMC), one of Central Asia’s largest copper producers. The loan will support the refinancing of AMMC’s purchase of advanced automated machinery from Weir, a subsidiary of the Scottish multinational. This order, placed in 2022, helps Almalyk in enhancing its copper production capabilities.

    The UKEF guarantee, issued through an international bank, is aimed at promoting UK exports and strengthening economic ties between the UK and Uzbekistan. Total UK-Uzbekistan trade amounted to £381 million in 2023, with specialized machinery ranking as the fourth most traded commodity. The machinery supplied by Weir will be instrumental for AMMC, as copper plays a crucial role in sectors such as construction, renewable energy, and electric vehicles.

    UKEF has earmarked up to £4 billion to support future projects in Uzbekistan, with a focus on clean and sustainable technologies. Tim Reid, UKEF CEO, expressed optimism for further strengthening trade relations between the two nations. The recent appointment of Sevara Madgazieva as UKEF’s representative in Tashkent highlights the agency’s commitment to backing projects that contribute to Uzbekistan’s economic diversification.