Navoi Mining and Metallurgy Combinat

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JSC Navoi Mining & Metallurgy Combine

Company type	Joint-stock company
ISIN	UZ7057810010
Industry	mining
Founded	1958
Headquarters	Navoi, Uzbekistan
Key people	Kuvondik Sanakulov, director general , num_employees = 67,000 (2008)
Products	gold and silver products
Revenue	US$3.5 billion (2011)
Website	http://www.ngmk.uz/en/

NMMC (English: Joint-stock company Navoi Mining & Metallurgy Combine, Uzbek: Navoiy Kon-Metallurgiya Kombinati Aksiyadorlik Jamiyati) is one of the largest Uzbek companies involved in the mining industry being among the top ten largest gold producers in the world. The most important ore deposits of the company are located in the Kyzyl Kum Desert.

In 2008, the South Korean company Korea Electric Power Corporation (KEPCO) signed a contract to supply 2,600 tonnes of uranium until 2015.^[1]

In 2011, the company achieved a turnover of 3.5 billion dollars. In 2012, it employed 65,000 people. In 2013, 1,663 tonnes of uranium were delivered to China, for which Uzbekistan is the second-largest uranium supplier after Kazakhstan.^[1]

In 2014, the Nuclear Suppliers Group (NSG) signed a contract to deliver 2,000 tonnes of uranium concentrates annually to India until 2018.^[2]

The company announced its intention to Eurobond in 2022 and IPO internationally shortly thereafter.^[3]

In accordance with the decision of the Government of the Republic of Uzbekistan, from January 1, 2022, the state enterprise Navoi Mining and Metallurgical Combine was reorganized and the following enterprises were organized on its basis:

• JSC Navoi Mining and Metallurgical Combine;

• State enterprise "Navoiyuran";

• State institution "Fund of Navoi Mining and Metallurgical Combine".^[4]

Divisions[edit]

Northern Mining Administration (NMA)[edit]

NMA was founded in 1958 in Uchkuduk for uranium\ mining in open pits and in underground mines on the base of Uchkuduk Deposit.

Currently NMA's main activities are as follows:

• mining and processing of gold ore of Kokpatas Deposit;
• marble goods manufacture on the base of "Novy" mine.

Central Mining Administration (CMA)[edit]

CMA was founded in 1964 in Zarafshan for development of Muruntau Mine - unique gold ore Deposit. Gold mining and processing facilities were constructed on its base. Since March 1967 CMA has been mining gold in open pit, fulfilling the complete set of works – from prospecting and exploration till gold bars manufacture.

Gold and silver produced by CMA's Hydrometallurgical Plant #2 conform to the International Standards.

CMA's main activities:

• gold mining in Muruntau open pit;
• gold ore processing at Hydrometallurgical Plants #2, #5, #7 and waste dump formation;
• improvement of technologies for development of Muruntau open pit;
• evaluation of mineral reserves increase and perspectives of further development of mineral base.

Southern Mining Administration (SMA)[edit]

SMA is located in Nurabod, Samarqand Region. It was founded in January 1964 for development of "Sabirsay" uranium deposit.

SMA's main activities:

• development of Zarmitan and Marjanbulak gold ore deposits;
• marble mining and manufacture of polished facing tile;
• consumer goods production and so on.

Navoi Machine-Building Plant Production Association[edit]

It was founded in 1963 as a maintenance shop for the purposes of repair of NMMC's equipment.

NMBP is quite large unit which produces all kinds of castings; provides NMMC with spare parts, pumps, metal constructions, liner, outdoor equipment; produces wood-working machines and metal-removal machine tools, welding electrodes, consumer goods (washing machines, kitchen machines). This unit is significant in the republic as having facilities for repair of complex equipment used outside of NMMC.

Dense Leaching Workshop (formerly Zarafshan-Newmont Joint Venture)[edit]

"Zarafshan-Newmont" was Uzbek-American joint venture that had been put into operation in May 1995 for processing of sub-economic and low grade gold ore of Muruntau Deposit. "Zarafshan-Newmont" JV is a plant using heap leaching technology not previously applied in CIS countries.

"Zarafshan-Newmont" JV was constructed owing to use of foreign investment and technology. It is the first successfully realized large foreign investment in the Republic of Uzbekistan. This joint venture is closed now. All machines and production lane moved to NMMC (CMA).

Newmont doesn't have share in this JV anymore. At the moment it's a property of NMMC under the name of "Dense Leaching Workshop."

Zarafshan Construction Administration (ZCA)[edit]

Founded in 1967 carries out industrial and civil construction, building of automobile roads and railways.

References[edit]

External links[edit]

• Official site
• http://www.wise-uranium.org - World Information Service on Energy