Since 2017 JSC “Almalyk MMC” has been carrying out a large-scale investment project “Development of Yoshlik-1 mine” which will increase the existing volume of ore mining and processing by 2.5 times.

To date, the project is financed for more than 80% by the company's own funds, credits and loans.

It should be noted that at the moment there are no banks and financial institutions subject to Western sanctions among the partners of AMMC.  

In order to achieve its goals, AMMC actively keeps track of global agenda and consults with leading international law firms, as well as actively co-operates with investors to attract financing for projects.

Specifically, financing was secured through the German bank HELABA, backed by EULER HERMES export credit agency (ECA) coverage for the construction of a new sulphuric acid plant at the existing zinc plant (equipment supplier – METSO). The Spanish bank Santander extended loans under the coverage of the UK Export Finance (UKEF) ECA for modernization of the existing copper processing plant No.1 with replacement of the pump-hydro cyclone plant (equipment supplier – WEIR).

A mandate has been signed to organize a syndicate with German KfW bank for construction of a new copper smelter.

It is worth noting that AMMC, benefiting from a favorable investment climate, continues to actively pursue new investment opportunities. The ability to implement lucrative mega-projects further enhances AMMC’s appeal and reinforces its operational stability.

Press service of AMMC