Title: Uzbekistan: Mining, Minerals and Fuel Resources
Headings: Uzbekistan: Mining, Minerals and Fuel Resources
Uzbekistan: Mining, Minerals and Fuel Resources
Topics Covered
Welcome to Uzbekistan
Overview of Resources
Metals
Fossil Fuels
Investment
Sources
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Content: The mineral base at the Navoi GMK comprised 20 uranium deposits. In 2010, the Boztaus plateau had uranium reserves that amounted to 5,500 t. Uranium exploration in this plateau was carried out by the Chinese company, Uz-China Uran. Investment
Recent news from the mining sector highlights Oxus Gold’s claim against the Uzbek government for the confiscation of the company’s investments in the Khandiza deposit and the Amantaytau Goldfields. Despite such negative reports the country still hopes to increase its mineral production capacity by increasing the output of gold, uranium and hydrocarbons within the next 10 years. As part of this plan the country also expects to upgrade its infrastructure and production facilities in its mining and mineral sectors and expand its pipelines. Uzbekistan has also made efforts to modernize the Navoi and Almalyk GMKs and speed up its gold and copper production operations. The government intends to develop joint ventures with Russian and Asian companies as part of their initiatives to improve the country’s mineral and mining sectors. With these new developments, Uzbekistan hopes to bring about major changes and improvements in its mining and mineral sectors that will likely repair the country’s economic instability. Disclaimer: The Author of this article does not imply any investment recommendation and some content is speculative in nature.