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Investment projects

In accordance with the Decree of the President of the Republic of Uzbekistan dated February 14, 2024 No. PP-92 “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 9 investment projects with a total value of $13 673.5 million, including:

  • at the expense of own funds – $3829.2 million;
  • Funds of RDF of Uzbekistan – $217.1 million;
  • commercial bank loans – $22.1 million;
  • foreign direct loans – $9605.1 million.

The development of capital investments for 2024 is planned for $2236.4 million., including:

  • at the expense of own funds – $134.4 million;
  • foreign direct loans – $2102.0 million.

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

(As per April 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-March Actual CAPEX for January-March

  In total 13 572,4       2236,4 375,5 379,1 101,0
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 1179.0 250.4 266.2 106.3
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 15.0 21.4 142.9
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 8.3
4. The program of reconstruction and stabilization  357.5 RP-3954 dated  30.09.2018  stabilization of activity 2018-2025 40.0 7.5 9.2 122,8
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
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 282.6 100.6 71.3 70.9
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 1.9
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
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 2.0 0.9 44.8

 

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