Stefan Sädbom, Senior Exploration Geologist and chairman of Lovisagruvan and Orexplore, talks about...
Uzbekistan eyes $734M gold project
Uzbekistan’s President Shavkat Mirziyoyev has approved a feasibility study of the Muruntau open pit gold mine. The investment is estimated to be worth close to $734 million.
Of these, some $445.9 million are to be invested in the project by local company Navoi Mining and Metallurgical Combinat, and a fur-ther $288 million will be covered by a loan provided by the Fund for Reconstruction and Development of Uzbekistan, according to the in-formation obtained by local news agency Trend.
The state-run Navoi Mining and Metallurgical Combinat specialises in gold, silver and uranium production, among others.