UZBEKISTAN
Uzbekistan, the heart of the Silk Road







Mr. Nickolay I. Kuchersky,

Interview with Mr. Nickolay I. Kuchersky
Read our exclusive interview

Navoi Metallurgical and Mining Combinat

Mr. Nickolay I. Kuchersky,
General Director

Contacts:
Navoi, 706800 - Uzbekistan
Tel. : +998-7922-31103/32041
Fax: +998-7922-39951
1. Current Technologies for Raw Material Quality Control.

2. Gamma-Activation Analysis of Gold-Bearing Ores.

3. New Design for Autogenous Mill for Ores of Different Minerals.

The first gold bullion weighting 11.820 kilograms was produced at Hydrometallurgical Plant No. 2 in the Kyzyl Kum desert, Uzbekistan, on July 21, 1969. Gold ore was extracted at Eurasia's largest gold deposit at Muruntau, where the gold was believed to be the least costly in the Soviet Union. And despite recent price fluctuations, gold production in Uzbekistan is still profitable. Over the past five years, gold output at the Navoi mining combine has grown by 1.4 times.

Navoi Mining & Metallurgy Combinat is a state owned company having, under Uzbekistan law, the right to full economic independence. The far-sighted economic policy of Uzbekistan's President Islam Karimov is based on the state's strong leverage of the economy, and has contributed to the gigantic ore-mining conglomerate's success. Navoi now produces gold, uranium, phosphorites, marble and other minerals. That economic policy has also ensured steady economic growth of the Central-Asian nation.

Navoi Mining in Zarafshan
Zarafshan, where the mine is located, initially relied on infrastructure created by the Soviet Ministry of Medium Machine-Building for uranium production, which began around 100 kilometres north. The target accelerated investment method was tested there and showed its efficiency. The combine has always boasted a high level of management and engineering skills. To reduce gold production costs, the company has been using technologies surpassing world standards. The gold recovery coefficiency at Zarafshan is 94%, higher than that attained by its rivals. As for production costs, they are low enough to let the gold producer make profit and invest money in the development of new fields and technologies.

What was the impact of transition to a market on the combine? It has confidently joined the world's mining majors and its production volumes and sales have been steadily growing. Feasibility schemes have been worked up for the development of open pits at Muruntau until 2035. Gold produced there will undoubtedly remain competitive and profitable for decades.

Navoi Mining & Metallurgy Combinat
"Kyzylkumredmetzoloto" State Concern
Republic of Uzbekistan


High Technologies in Mining Operation.

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© World INvestment NEws, 2001.
This is the electronic edition of the special country report on Uzbekistan published in Forbes Global Magazine.
August 6th, 2001 Issue.
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