Chairman of the Board of Almalyk Mining and Metallurgical Complex Joint-Stock Company – Khursanov Abdulla Khalmuradovich.

Fulfilling the most important priorities of the social and economic development program, the staff of “Almalyk MMC” JSC in January-June 2024 ensured the production of marketable products:

- in current prices - by 116.1 %.

The cathode copper output was 100.0 %, including 106.6 % of own raw materials, 60.2 % of metal zinc, including 125.3 % of own raw materials, 93.1 % of sulphuric acid, 100.3 % of refined gold and and 100.7 % of refined silver.

In the reporting period of 2024, exports of products amounting to 283.4 million USD were carried out, the forecast in this direction was fulfilled by 106.7%.

In accordance with the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. ПКМ-92 for increase of production capacities of Almalyk MMC JSC and processing of raw materials in 2024 it is planned to utilize investments in the amount of 2,207.6 million US dollars.

In the period from January to June, investments amounting to 854.8 million USD (100.9%) were utilized, including at the expense of:

own funds of enterprise – 88.9 million USD;

funds of the Reconstruction and Development Fund - 36.0 million USD;

direct foreign loans – 729,8 million USD

In accordance with the Decree of the President of the Republic of Uzbekistan dated January 24, 2022 No. ПП-99 “On measures to create an effective system of development of production and expand industrial cooperation in the republic” and on the basis of the order of the Chairman of the Board of “Almalyk MMC” JSC No. 94 dated January 31, 2022 268 projects for total amount of 1,502.3 billion UZ Soums are planned to implement at Almalyk MMC in 2024.

In first half-year of 2024, the company produced localized products under 255 projects for 837.5 billion UZS or 103.1 % of the forecast.

A set of organizational and technical measures has been developed to reduce production costs for 2024, providing for a reduction in the cost of production by 1,329.5 billion UZ Soums or 10.03 %.

The expected result from the implementation of a set of measures to reduce production costs for the first half of 2024 is 508.2 billion UZ Soums or 8.4%.

The Company took measures to improve its management, strengthen its financial and economic position and monitor the reduction of accounts receivable and payable.

Expected receivables as of July 1, 2023 will amount to 7,272.7 billion UZ Soums, accounts payable - 2,918.1 billion UZ Soums.

There are no arrears to the budget or salaries.

Under the technical training programme, 4419 the employees trained to improve their skills, including on-the-job training – 1,050 persons, 1,401 were retrained and learned a second profession, and 1,278 managers and specialists were upgraded and retrained, including 244 by separation from production.

Almalyk MMC JSC cooperates with 10 universities in the Republic of Uzbekistan and the Almalyk branch of the National Research Technological University “Moscow Institute of Steel and Alloys” of the Russian Federation to train specialists with higher education.

At present, the total number of students is 189, including 11 full-time students and 178 of extra-mural and evening degree students.

A total of 956 persons were employed during the reporting period, including 439 college graduates, 274 graduates of higher education institutions and 243 persons without higher education.

For the purpose of timely execution of orders of higher authorities, improvement of the system of control over execution discipline, a service for control over execution of orders of higher organizations was established within the Executive Office of “Almalyk MMC” JSC and the procedure for systematic and critical analysis of the execution discipline was established.

Throughout the period, work is held to introduce a system of reporting and monitoring of the implementation of documents within the established time frame, and to study the progress of laws, acts of the President of the Republic of Uzbekistan and Government decisions implemented in the field. According to the plan of work of the company, protocols with the preparation of analytical reports are being prepared.

Systematic work is being carried out to critically analyse the implementation of own decisions, identify shortcomings and develop specific measures to address them.

For the first half-year of 2024 a total of 381 acts were registered, including:

• acts and instructions of the President of the Republic of Uzbekistan - 64 (decrees - 1, resolutions - 11, protocols - 5, instructions of the Presidential Administration - 62);
• acts and instructions of the Cabinet of Ministers - 301 (resolutions – 15, regulations - 7, protocols - 50, instructions of the Prime Minister, their deputies and advisers - 153, instructions of secretariats of the Cabinet of Ministers - 76).