NEWS AND EVENTS
June 26, 2015
AGMK to invest US$101 mln. to expand copper mine
Almalyk Mining and Metallurgy Combine (AGMK) will invest US$101.1 million in 2015-2016 to involvement of off-balance ores of Kalmakyr mine to processing. Kalmakyr is the main raw base of the plant, the source of the company said to RIA Novosti.
The company completed development of the feasibility study of the projects and will start to introduce of heap leaching process, which is the most effective technology for copper recovery, the source said to the agency.
During realization of the project by 2017, the combine will be additionally process 4 million tonnes of ore. The project will allow to increase copper production by 3-4% in short-term perspective.
The project will be financed due to the loan of the Fund for Reconstruction and Development of Uzbekistan for US$41.3 million, loans of the Uzbek banks – US$40.3 million and own resources of AGMK – US$19.4 million.