azernews.az  

April 23, 2014

Uzbekistan has signed three loan agreements with international financial institutions in the first quarter of 2014, which envisage attraction of funds worth $151 million, Trend Agency reported.

In particular, Uzbekistan and the Asian Development Bank (ADB) signed a loan agreement on the implementation of the project on solid waste management.

The project worth $76.2 million aims at improving the collection, transportation and disposal of solid household waste, as well as improving the sanitation conditions of the Tashkent region.

The loan is allocated for the period of 20 years, including a five-year exemption period.

Also, Uzbekistan and ADB signed a loan agreement worth $42 million for implementation of the project on reconstruction of sewerage systems of Ferghana and Marghilan cities.

The loan is allocated by the Asian Development Fund and is the fourth and last tranche of the debt package of ADB in the amount of $300 million approved by the bank in September 2009.

The funds of the fourth tranche will be used to modernize the water supply system of Ferghana and Marghilan.

The Uzbek government has also attracted $40 million of additional funds of the International Development Association (IDA, included in the World Bank Group) within the framework of the Agricultural Enterprises Support Project Phase II.

The funds were allocated to finance the farmers and growing of their working capital through local financial institutions.

Additional credit is granted for 25 years with five-year exemption period, at an interest rate of 1.25 percent per annum.

Uzbekistan joined the ADB in August 1995. Currently, the portfolio of cooperation between Uzbekistan and the ADB includes 40 projects worth $14.5 billion.

Uzbekistan and the ADB are jointly implementing the strategically important investment projects and programs such as the construction of two steam gas units with a total capacity of 900 MW at the Talimarjan thermal power plant, a large scale program of road construction and reconstruction, building the Ustyurt Gas Chemical Complex at Surgil deposit and a housing program in rural areas.

Uzbekistan joined the WB in 1992. The WB's mission in the country is to improve people's livelihood by supporting economic reforms, contributing to the modernization of the country's social sectors and infrastructure, and sharing its knowledge and experience with the government and the people of Uzbekistan. The WB's current commitments to Uzbekistan amount to over $1 billion.

azernews.az  

April 22, 2014

Uzbekistan's Almalyk mining and metallurgical plant has started exploratory work at Kuldara area of copper-zinc mineralization in Kashkadarya region.

The plant will conduct geological exploration works on this area to expand resource base of mining and processing complex until mid-2016, the combine's representative told Trend Agency.

Mining and processing complex worth $147 million was commissioned in early 2011. The design capacity of the complex is 650,000 tons of ore per year. Production capacity of the copper enrichment plant designed to produce 5,000 tons of copper concentrate, 20,000 tons of lead concentrate and 60,000 tons of zinc concentrate annually.

The combine also plans to start developing a new copper mine Dalnee in the Tashkent region by the end of the year which is considered as a reserve to replace commissioned capacities of Kalmakyr and Sarah-Ceku mines.

It is planned to reach the level of 35 million tons of ore annually within the project scheduled for 2021.

In spring of 2013 the British-Australian Rio Tinto Company started exploration of copper deposits in the prospective Hava area in Namangan in eastern Uzbekistan under a license issued for a period of five years. An operating company Gava Exploration LLC, a wholly-owned daughter of Rio Tinto, was established for activity in Uzbekistan.

Uzbekistan has significant reserves of metals, in particular gold, copper, lead, zinc, silver, tungsten, uranium and molybdenum. The country has large minerals development potential, most of which is economically viable.

Currently, there are 900 discovered ore occurrences and deposits of copper in Uzbekistan. However, only three of them, concentrated in the Almalyk area, are being operated.

Being the second largest mining company the Almalyk Mining and Metallurgical Plant is the only copper producer in Uzbekistan and one of the largest manufacturers of non-ferrous metals in Central Asia. The plant accounts for nearly 90 percent of silver production and 20 percent of gold production in the country. The plant is composed of two mining companies, two processing plants and two metallurgical plants.

The plant has the rights to develop copper-molybdenum and lead-zinc ores in the area of Almalyk in Tashkent region. The Almalyk Plant's resource base includes copper-porphyry ores at the Kalmakyr and Sary Cheku fields in Tashkent region, the lead-zinc-barite ore deposit Uch-Kulach in Djizzak and the lead-zinc ore deposit Khandyza in Kashkadarya region. The share of the Almalyk plant in Uzbekistan in the production of silver and gold is 90 percent and 20 percent of the total volume respectively.

The total production of the plant is estimated at more than $300 million annually.

aucconline.com  

April 25, 2014

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April 25, 2014

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aucconline.com  

April 25, 2014