This article needs additional citations for verification .(December 2022) |
Company type | Joint-stock company |
---|---|
ISIN | UZ7057810010 |
Industry | Mining |
Founded | 1958 |
Headquarters | Navoi, Uzbekistan |
Key people | Kuvondik Sanakulov, Director General |
Products | Gold and silver products |
Revenue | US$5.7 billion (2023) [1] |
Owner | Ministry of Economy and Finance of the Republic of Uzbekistan (98%) State Assets Management Agency of the Republic of Uzbekistan (2%) |
Number of employees | 46,629 (2023) [2] |
Website | http://www.ngmk.uz/en/ |
NMMC (English: Joint-stock company Navoi Mining & Metallurgy Company, Uzbek : Navoiy kon-metallurgiya kombinati aksiyadorlik jamiyati) is the largest Uzbek industrial enterprise, is involved in the mining industry, and is one of the top ten largest gold producers in the world. The company's most important gold ore deposits are located in the Kyzyl Kum Desert. [3]
In 2008, the South Korean company Korea Electric Power Corporation (KEPCO) signed a contract to supply 2,600 tonnes of uranium until 2015. [4]
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. [4]
In 2014, the Nuclear Suppliers Group (NSG) signed a contract to deliver 2,000 tonnes of uranium concentrates annually to India until 2018. [5]
The company announced its intention to Eurobond in 2022 and IPO internationally shortly thereafter. [6]
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:
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:
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:
SMA is located at Zarkent, Samarqand Region. It was founded in January 1964 for the development of the Sabirsay uranium deposit.
SMA's main activities:
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.
"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."
Founded in 1967 carries out industrial and civil construction, building of automobile roads and railways.
The Kyzylkum Desert is the 15th largest desert in the world. Its name means Red Sand in Turkic languages. It is located in Central Asia, in the land between the confluent rivers Amu Darya and Syr Darya, a region historically known as Transoxania. Today it is divided among Kazakhstan, Turkmenistan and Uzbekistan. It covers about 298,000 km2 (115,000 sq mi).
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Navoiy is a city and the capital of Navoiy Region in the central part of Uzbekistan. Administratively, it is a district-level city, that includes the urban-type settlement Tinchlik. It is located at latitude 40° 5' 4N; longitude 65° 22' 45E, at an altitude of 382 meters. The city is named after Alisher Navoiy. As of 2024, its population was 161,300 inhabitants.
Zarafshon is a city in the center of Uzbekistan's Navoiy Region. Administratively, it is a district-level city, that includes the urban-type settlement Muruntau. It has an area of 20 km2 (7.7 sq mi) and 85,100 inhabitants (2021). Located in the Kyzylkum Desert, it receives water from the Amudarya by a 220-km pipeline.
Uchquduq is a city in the north of Navoiy Region, Uzbekistan. It is the seat of Uchquduq District. The city's name means "three draw-wells" in Uzbek. It is located at 42°9′24″N63°33′20″E, at an altitude of 193 meters in the middle of the Kyzylkum Desert. Its population is 26,800 (2016).
Navoiy Region is one of the regions of Uzbekistan. It is located in the central north/northwest of the country. It covers an area of 111,095 km2 (42,894 sq mi), which makes it the largest of the regions of Uzbekistan. The Navoiy region borders with Kazakhstan, Samarqand Region, Buxoro Region, Jizzakh Region, and the Karakalpakstan Republic. The population is estimated to be 1,033,857 in 2022, with 51% living in rural areas. The capital is Navoiy. The region and its capital are named after the poet Ali-Shir Nava'i.
Energy Resources of Australia Ltd is a public company based in Australia. It is a subsidiary of the Rio Tinto Group which as of 2021 owns 86.3% of the company. The remainder is publicly held and traded on the Australian Securities Exchange. The chairman is Peter McMahon and Chief Executive is Andrea Sutton.
National Atomic Company Kazatomprom Joint Stock Company (Kazatomprom) (Kazakh: Қазатомөнеркәсіп, romanized: Qazatomónerkásip) is the world’s largest producer and seller of natural uranium, providing over 40% of global primary uranium supply in 2019 from its operations in Kazakhstan. Kazatomprom's uranium is used for the generation of nuclear power around the world.
Wiluna Gold Mine is an active gold mine operated by Wiluna Mining Corporation near the town of Wiluna, 940 kilometres (580 mi) north of Perth in Western Australia's Goldfields region. Wiluna is one of the Goldfield's great mining centres, with historical production plus current resources of more than 310 tonnes.
The Midnite Mine is an inactive uranium mine in the Selkirk Mountains of the state of Washington that operated from 1955 to 1965 and again from 1968 to 1981. Located within the reservation of the Spokane Tribe of Indians, it is approximately 8 miles (13 km) from Wellpinit, Stevens County. The mine was listed as a Superfund site under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) on May 11, 2000. In addition to elevated levels of radioactivity, heavy metals mobilized in uranium acid mine drainage pose a potential threat to human health and the environment.
The mineral industry of Kazakhstan is one of the most competitive and fastest growing sectors of the country. Kazakhstan ranks second to Russia among the countries of the CIS in its quantity of mineral production. It is endowed with large reserves of a wide range of metallic ores, industrial minerals, and fuels, and its metallurgical sector is a major producer of a large number of metals from domestic and imported raw materials. In 2005, its metal mining sector produced bauxite, chromite, copper, iron, lead, manganese, and zinc ores, and its metallurgical sector produced such metals as beryllium, bismuth, cadmium, copper, ferroalloys, lead, magnesium, rhenium, steel, titanium, and zinc. The country produced significant amounts of other nonferrous and industrial mineral products, such as alumina, arsenic, barite, gold, molybdenum, phosphate rock, and tungsten. The country was a large producer of mineral fuels, including coal, natural gas, oil, and uranium. The country's economy is heavily dependent on the production of minerals. Output from Kazakhstan's mineral and natural resources sector for 2004 accounted for 74.1% of the value of industrial production, of which 43.1% came from the oil and gas condensate extraction. In 2004, the mineral extraction sector accounted for 32% of the GDP, employed 191,000 employees, and accounted for 33.1% of capital investment and 64.5% of direct foreign investment, of which 63.5% was in the oil sector. Kazakhstan's mining industry is estimated at US$29.5 billion by 2017.
The mineral industry of Russia is one of the world's leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States' production of a range of mineral products, including metals, industrial minerals, and mineral fuels. In 2005, Russia ranked among the leading world producers or was a significant producer of a vast range of mineral commodities, including aluminum, arsenic, cement, copper, magnesium compounds and metals, nitrogen, palladium, silicon, nickel and vanadium.
Tajikistan has rich deposits of gold, silver, and antimony. The largest silver deposits are in Sughd Province, where Tajikistan's largest gold mining operation is also located. Russia's Norilsk nickel company has explored a large new silver deposit at Bolshoy Kanimansur. More than 400 mineral deposits of some 70 different minerals have been discovered in Tajikistan, including strontium, tungsten, molybdenum, bismuth, salt, lead, zinc, fluorspar, and mercury. These minerals have been found suitable for mining. Uranium, an important mineral in the Soviet era, remains in some quantity but is no longer being extracted. The Tajikistan Aluminium Company (TALCO), an aluminium smelter, is the country's only large-scale production enterprise in the mining sector. Tajikistan hosts the annual Mining World Tajikistan, an international exhibition on mining in Dushanbe.
The Telfer Mine is a gold, copper and silver mine located at Telfer on the land of the Martu people, in the Great Sandy Desert of Western Australia. It is owned by Newmont, having acquired the previous owner, Newcrest Mining, formerly the largest gold producer listed on the Australian Securities Exchange, in November 2023.
Atomredmetzoloto, JSC,, the Mining Division of Rosatom State Atomic Energy Corporation, is a Russian uranium producer internally ranked sixth in the world in terms of uranium production and second in terms of in-situ uranium reserves.
The world's largest producer of uranium is Kazakhstan, which in 2019 produced 43% of the world's mining output. Canada was the next largest producer with a 13% share, followed by Australia with 12%. Uranium has been mined in every continent except Antarctica.
The Muruntau gold deposit is situated in the Qizilqum Desert of Uzbekistan. It is being mined in the world's largest open-pit gold mine with production believed to be of the order of two million ounces per annum. The open pit measures about 3.5 by 2.5 km and extends to a depth of 560m (2012). The gold ore resource in the Muruntau deposit, including production, is about 170 million ounces of gold. This gives the mine a reserves-to-production ratio of 85 years. The mine is owned and operated by Uzbekistan state-owned Navoi Mining and Metallurgy Combinat.
The Muruntau mine is one of the largest gold mines in Uzbekistan and in the world. The mine is located in the mountains of Murintau in the south-west of the Kyzylkum desert, on the territory of the Tamdi district of the Navoi region of Uzbekistan. The mine has estimated reserves of 71,400,000 ounces (2,020 t) of gold.
Muruntau is an urban-type settlement in the Navoiy Region, Uzbekistan. Administratively, it is part of the city Zarafshon. The town's population in 1989 was 9193 people.
Ambroise Mbaka Kawaya Swana was a Congolese engineer and mining executive known for his pioneering work in the metallurgical industry of the Democratic Republic of Congo. He held various influential positions at Gécamines and in the Congolese Government, significantly contributing to the development and advancement of the country's mining sector.