MINEX Forum

Tag: McKinsey

  • President of Uzbekistan discusses critical minerals partnership with US firms

    President of Uzbekistan discusses critical minerals partnership with US firms

    On 22 September 2025, during his visit to New York, President Shavkat Mirziyoyev of Uzbekistan held a meeting with the heads of major American companies to advance cooperation in the field of critical minerals.

    The meeting focused on reviewing practical aspects of further expanding mutually beneficial cooperation between Uzbekistan and these leading US companies and organisations. The discussions centered on the development of a joint working group and the adoption of a “roadmap” to accelerate projects and prepare new proposals.

    Traxys, one of the world’s leading suppliers of critical raw materials and minerals, has a portfolio of promising projects worth $1 billion in the field of geological exploration and development of deposits. The company has agreed to introduce advanced technologies and expertise in the extraction, processing, and creation of sustainable supply chains of critical minerals.

    The Colorado School of Mines, a leading engineering university for training specialists in the mining industry, is working with Uzbekistan to create a Competence center at the University of Geological Sciences. FLSmidth, engaged in the development of technologies and equipment for the mining and processing industry, is actively involved in the development of the copper industry in Uzbekistan.

    McKinsey, a leading company in the field of management, consulting, and strategic development of enterprises in the mining industry, has developed a strategy with Uzbekistan for the development of the resource base, capacity expansion, and deep transformation of the country’s mining sector. Go Green Partners, specializing in investments in the extraction and processing of critical minerals for “green” energy, plans to conduct geological exploration in promising areas.

    The total capitalization of these companies exceeds $20 billion, demonstrating the significant potential for cooperation between Uzbekistan and these leading American companies. The meeting marked an important step forward in developing a strong partnership between the two nations, with the goal of accelerating projects and preparing new proposals in the sphere of critical minerals.

  • Uzbekistan and US Expand Critical Minerals Cooperation with $1 Billion Investment

    Uzbekistan and US Expand Critical Minerals Cooperation with $1 Billion Investment

    During his visit to the United States, President of Uzbekistan Shavkat Mirziyoyev reached agreements to establish a joint working group aimed at accelerating existing projects and developing new initiatives in the field of critical minerals, according to the presidential press service.

    A key partner will be Traxys, one of the world’s largest suppliers of raw materials. The parties signed an agreement for exploration and joint development of deposits, with a total investment volume estimated at $1 billion. The deal also includes the transfer of advanced technologies and expertise in mining, processing, and ensuring stable supplies of critical raw materials.

    Plans are also underway to establish a Competence Center at the University of Geological Sciences in Tashkent, in cooperation with the Colorado School of Mines, to train world-class specialists for Uzbekistan’s mining sector.

    In addition, McKinsey has developed a comprehensive strategy for Uzbekistan covering subsoil studies, expansion of the mineral resource base, and deep transformation of the mining industry. Go Green Partners will carry out exploration works at prospective sites.

    Several Uzbek-American project agreements were also signed, including:

    • a joint venture between Technopark LLC and FLSmidth to produce mineral processing equipment;

    • geological exploration on new sites with Cove Capital;

    • cooperation between Yangi Kon LLC and SLB on a drilling project in the Ustyurt oil and gas region.