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Almalyk MMC

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10.07.2024 346

Fitch Affirms Uzbekistan's Almalyk at 'BB-'; Outlook Stable

Fitch Ratings has affirmed JSC Almalyk Mining and Metallurgical Complex's (Almalyk) Long-Term Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook. Almalyk's rating is equalised with that of its sole parent, Uzbekistan (BB-/Stable). This is due to the strong ties between the company and the state under Fitch's Government-Related Entities (GRE) Rating Criteria. We assess Almalyk's Standalone Credit Profile (SCP) at 'b+', reflecting its small but increasing scale of operations, commodity diversification into copper, gold, zinc and silver, a favourable cost position of its main asset, long reserve life and moderate leverage. Read more...

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09.07.2024 277

Fitch Affirms Uzbekistan's Almalyk at 'BB-'; Outlook Stable

Fitch Ratings has affirmed JSC Almalyk Mining and Metallurgical Complex's (Almalyk) Long-Term Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook. Almalyk's rating is equalised with that of its sole parent, Uzbekistan (BB-/Stable). This is due to the strong ties between the company and the state under Fitch's Government-Related Entities (GRE) Rating Criteria. We assess Almalyk's Standalone Credit Profile (SCP) at 'b+', reflecting its small but increasing scale of operations, commodity diversification into copper, gold, zinc and silver, a favourable cost position of its main asset, long reserve life and moderate leverage.

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12.06.2024 886

Opening of the summer season in the “Automobilist” recreation area

On June 8, the “Summer Season-2024” was opened in the recreation area of the Automobile Transport Department of AMMC “Automobilist”

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"Uzbekistan is a country, rich in mineral and natural resources, with a powerful economic and human potential."

Shavkat Mirziyoev

"Uzbekistan is a country rich in mineral resources and natural resources, with strong economic and human potential."

Shavkat Mirziyoyev

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millions of dollars
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