MINEX Forum

Tag: Navoi region

  • Online Auction for Gold-Bearing Pirali Site in Navoi Region Closes with Record Bid

    Online Auction for Gold-Bearing Pirali Site in Navoi Region Closes with Record Bid

    Tashkent, Uzbekistan — An online auction for the right to conduct geological exploration at the gold-bearing Pirali site in Navoi region has concluded with a record-breaking bid, according to the official website of the E-auksion platform.

    The bidding process, which began on the morning of August 21, lasted 23 hours and 29 minutes, with a total of 461 bids placed. The winning bid was submitted by NBK 111, offering 99.09 billion soums—24 times higher than the starting price.

    Winner and Company Background

    According to the Unified State Register of Enterprises and Organizations (EGRPO), NBK 111 was registered in Tashkent in May 2024 and specializes in the mining of non-ferrous metal ores. The company’s charter capital stands at 1.005 billion soums. A 40% stake in NBK 111 is owned by Chinese citizen Zhang Qian, while the remaining 60% is controlled by Nurmahmad Pulatov. Pulatov also holds significant stakes in other enterprises, including a 90.7% share in Quwwatt Group (glass production in Jizzakh) and a 100% stake in BEEK Electro (electrical appliance manufacturing). All three companies share the same contact phone number, indicating potential business ties.

    Site Details and Gold Reserves

    The Pirali site covers an area of 484 hectares and is located in the Navbahor district, approximately 20.5 kilometers northwest of Zafarabad settlement and 38.5 kilometers north of the city of Navoi. Preliminary estimates suggest that the site contains gold reserves of around 2.4 tons.

    Recent Auction Activity

    This week has seen significant activity in the auctioning of major gold deposits in Uzbekistan. The Temirchi site in Navoi region was sold for 67.78 billion soums, while the Terekli site near Almalyk saw its price surge nearly 20-fold to 81.8 billion soums.

    The successful auction of the Pirali site underscores the growing interest in Uzbekistan’s mineral resources and the competitive nature of the country’s mining sector.

  • Kazakhstan-Uzbekistan cooperation discussed in Navoi

    Kazakhstan-Uzbekistan cooperation discussed in Navoi

    Ambassador of Kazakhstan to Uzbekistan Beibut Atamkulov paid a working visit to Navoi region, Uzbekistan. The meeting with activists of the Kazakh Cultural Center in Navoi took place. Then, the ambassador visited the Seitkul Aulie – Aiteke bi mausoleum and the Chachma memorial complex located in Nurata district. On May 15-16, 2024, the 380th anniversary of the outstanding statesman Aiteke bi is expected to be celebrated in Navoi region, Kazinform News Agency cites the press service of the Kazakh MFA.

    The head of the Diplomatic Mission also visited the Kazakh secondary school No. 14, founded in 1966 in Kenimekh district of the village of Terikkuduk. During the meeting the issues of educational process were discussed with the teaching staff of the school and the elders of the settlements. In 28 schools out of 36 operating in Kenimekh region, education is conducted in the Kazakh language.

    Ambassador Beibut Atamkulov held a meeting with the Khokim of Navoi region Normat Tursunov. During a meeting the issues of trade, economic, cultural and humanitarian ties with the regions of Kazakhstan were discussed.

    Particular attention was paid to the development of cooperation in chemical and mining industries, organizing mutual visits of delegations, holding a joint business forum, as well as a Youth Festival in Navoi.

    The parties also considered the possibility of establishing sister city ties between Navoi region and its administrative center of Navoi with the regions and cities of Kazakhstan, as well as developing interregional dialogue by establishing direct contacts between business circles.

    The head of the Kazakh Diplomatic Mission visited the Navoi free economic zone and got acquainted with the activities of large industrial complexes of the region as Navoi Mining and Metallurgical Plant JSC, Navoiyazot JSC, Kizilkumcement JSC and Gidro Stanko Servis LLC. Significant potential between the two countries was noted to increase the trade turnover.