Gold project worth $320 million to start in Navoi

A new project worth $320 million will be launched at the gold mines in Navoi region. This was reported by Zamin.uz.

This project is aimed at expanding mining and processing activities. President Shavkat Mirziyoyev announced this in his address to the Oliy Majlis and the nation on December 26.

Within the framework of the project, an additional 2 million tons of ore processing is planned. Furthermore, the next stages of developing the Muruntov deposit will be implemented.

In addition, large investment projects worth $2.3 billion are planned to develop silver mines. As a result, the annual processing capacity will reach 18 million tons, and gold production volume will increase to 175 tons by 2030.

A major project will also start at the Almalyk Mining and Metallurgical Complex. A new metallurgical complex worth $2.7 billion will be constructed here.

This complex will have the capacity to produce 300,000 tons of copper cathode annually. At the same time, at the “Samarkand Chemistry” plant, with an investment of $381 million, production of 370,000 tons of phosphorus and 540,000 tons of complex fertilizers per year will be established.

In Kashkadarya region, the construction of a chemical plant worth $200 million is planned. This enterprise will produce 50,000 tons of alkylbenzene annually, serving household chemicals, polymers, and synthetic fuel production.

Overall, by 2026, new projects worth $4.5 billion in the chemical industry, over $3 billion in mining and metallurgy, oil and gas, automotive, textile, and construction materials sectors, $2 billion in electrical engineering, and $800 million in pharmaceuticals are planned to be implemented. Additionally, in 2024, the country aims to increase exports to $40 billion and raise the share of finished and semi-finished products to over 55%.