Wednesday, 01, May, 2024

Production of copper, gold, silver, and uranium will double in Uzbekistan. Also, more strategic mineral deposits will be granted to local businesses.

For the first time, the production of raw materials such as lithium and graphite, which are important for the production of electric vehicles, electrical engineering, and green energy, which are in increasing demand in the world, will be started in Uzbekistan, stated the presidential candidate Shavkat Mirziyoyev from UzLiDeP at the voter rally in Navoi city.

According to the candidate, the following will be implemented in the next seven years:

  • USD 3.8 billion worth of 19 projects will be implemented at Navoi Mining Metallurgical Combine;
  • Phase II of Pistali Mine, the phase I of which was commissioned yesterday, will also be put into operation before the year-end, at the expense of this project, an additional 4.4 tons of gold will be produced per year;
  • Uranium reserves will be increased from 67,000 tons to 100,000 tons by implementing 11 projects worth US$ 550 million at Navoi Uran.

In general, until 2030, copper production will increase by 3.5 times, gold – by 1.5 times, silver – by 3 times, uranium – by 3 times, said Shavkat Mirziyoyev.

According to him, for the first time, the production of lithium and graphite, which are important for the fields of electric vehicles, electrical engineering, and green energy, which are in increasing demand all over the world, will be launched in Uzbekistan.

Including:

  • 8,000 tons of lithium in Tashkent province and 50,000 tons of graphite will be produced in Bukhara province annually;
  • 46 enterprises worth US$ 10 billion will be set up in the copper cluster in Ohangaron, ferrous metal cluster in Bekobad, and agricultural machinery cluster in Chirchik;
  • in the next seven years, 10 trillion soums will be contributed from the budget for the implementation of geological exploration works on 60,000 sq km;
  • US$ 2 billion of direct investments from companies of Canada, France, Austria, Japan, China, Turkey and the United Arab Emirates will also be drawn to this area.

Also, the granting of strategic mineral deposits to local businesses will be further expanded. In this regard, this year alone, 500 permits for gold, silver, tungsten, coal and ore mines will be issued, and these works will be increased 4 times in the coming years.

Latest in National

08:21:32