NEWS AND EVENTS
March 24, 2017
Uzbekistan is getting prepared to launch a project on the construction of a new coal mine Nishbash next year.
Its total cost, according to preliminary estimates, will make up $175.2 million. It is expected that the new mine will annually produce up to 4 million tons of coal. Domestic specialists are currently developing a feasibility study, which is scheduled for approval by the end of this year. The launch is planned for 2018, and commissioning - for 2022.
The project will be funded through the loans of domestic commercial banks, the Fund for Reconstruction and Development of Uzbekistan, as well as internal funds of the Uzbekugol Company.
Concurrently, the Uzbek coal miners will embark on the construction of another new mine – Angren, which totals over $165 million. The company is currently completing the feasibility study of the project to proceed with selecting a general contractor in the third or fourth quarter. The construction will start in late 2017.
As estimated, Uzbekistan possesses nearly 5.7 billion tons of coal reserves, only 1.9 billion (1.85 billion tons of brown coal and 47 million tons of bituminuous coal) of which have been studied. Annually, the country produces about 4 million tons, 85% of which is supplied to energy companies.
(Source: IA "Jahon")