Wed, 15 Jul 2020

TASHKENT, May 27 (Xinhua) -- Uzbek President Shavkat Mirziyoyev has signed a decree to increase gold, silver and copper production of its second largest mining company, the president's press service said Wednesday.

Almalyk Mining and Metallurgical Combine (Almalyk MMC) is tasked to build more production facilities to triple the output of precious metals and increase its annual production of gold, silver and copper to 50 tons, 270 tons and 400,000 tons respectively, the press service said.

Almalyk MMC accounts for around 20 percent of the country's gold production and 90 percent of its silver production.

Earlier this year, Uzbekistan unveiled plans to modernize the country's largest mining company, Navoi Mining and Metallurgical Plant, by increasing its gold production capacity to 94 tons by 2026.

Uzbekistan exported over 1 billion U.S. dollars worth of gold in the first quarter of 2020, according to the country's state statistics committee.

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