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Investment projects

In accordance with the Decree of the President of the Republic of Uzbekistan dated may 16, 2024 No. PP-286 “On approval of the investment program of the Republic of Uzbekistan for 2024 and the introduction of new approaches and mechanisms for managing investment projects" Almalyk MMC JSC is implementing 10 investment projects with a total value of $13 750.6 million, including:

  • at the expense of own funds – $3829.2 million;
  • Funds of RDF of Uzbekistan – $294.2 million;
  • commercial bank loans – $22.1 million;
  • foreign direct loans – $9 605.1 million.

 

The development of capital investments for 2024 is planned for $2 236.4 million., including:

  • at the expense of own funds – $124.3 million;
  • Funds of RDF of Uzbekistan - $70.8 million;
  • foreign direct loans – $2 041.3 million.

 

INFORMATION
on investment projects implemented by Almalyk MMC Joint Stock Company in 2024 included in Investment Program for 2024

(As per october 1, 2024)

mln USD

Name of projects

Total cost of the project

Basis for implemen-tation

Project capacity

Project period

CAPEX for 2024

CAPEX for January-July

Actual CAPEX for January-July

 

In total

13 750,6

 

 

 

2236,4

1376,3 1419,6 103,1

1

Development of "Yoshlik I" mine (stage 1)

4620,4

RP-2807 dated 01.03.2017, RP-4731 dated 02.05.2020

Processing up to 60 million tons of copper-molybdenum ore per year

2017-2024

1179,0

938,8 931,7 99,2

2

Construction of a new metallurgical complex as part of the Development of the "Yoshlik-I" mine (stage 1).

2550.0

RP-2807 dated 01.03.2017, RP-4731 dated 02.05.2020

300 thousand tons of copper cathode

2021-2027

392,0

137,7 142,0 103,1

3

Construction of the copper concentrator-4 and infrastructure facilities within the framework of the Development of the "Yoshlik I" mine (Stage 2).

5300.0

RP-2807 dated 01.03.2017, RP-4731 dated 02.05.2020

Processing up to 60 million tons of copper-molybdenum ore

2024-2028

190,0

6,1 122,4 2006,4

4.

The program of reconstruction and stabilization 

357.5

RP-3954 dated  30.09.2018 

stabilization of activity

2018-2025

40,0

52,0 57,4 110,5

5.

Development of Khandiza mine (second stage)

102.9

RCM-317/11 dated 28.07.2023 

650 thousand tons of ore per year

2023-2028

15,0

10,2 10,1 99,2

6.

Construction of a 500 MW solar photovoltaic power plant in the Pap  district of Namangan region.

450.0

RP-144 dated 02.05.2023

500 МW

2024-2025

211,8

145,8 73,9 50,7

7.

Construction of a new lime plant as part of the Development of the "Yoshlik I" mine.

99.9

RP-2807 dated  01.03.2017,

RP-4731 dated  02.05.2020

737 thousand tons of lime

2023-2024

51,0

23,3 27,1 116,4

8.

Construction of a solar power plant for the needs of AMMC.

75.0

RP-57 dated  16.02.2023

60 MW

2024-2025

70,0

15,7

9.

Construction of a substation on the territory of Yunusobod city and a 110 Kv network cable.

16.7

RP-91 dated  11.03.2023

2х63 МWА

2023-2024

16,7

16,7 9,9 59,6

10

Joint ventures organized in cooperation with Almalyk MMC JSC and purchase of special mining equipment

77.1

2023-2024

70,8

30,0 44,9 149,8
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