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Navoi Mining and Metallurgical Company: Driving Uzbekistan’s economic growth

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In 2023, Navoi Mining and Metallurgical Company (NMMC) played a significant role in Uzbekistan’s economy, contributing 6.4% to the GDP and accounting for 10.3% of the industrial production volume. As the country’s largest taxpayer, NMMC contributed 14.1% to state budget revenues.

NMMC has made remarkable strides in gold production, climbing from the 7th to the 4th position among foreign gold producers. In 2023, gold production increased by 25%, silver by 47%, gold mining by 2.5 times, and ore processing by 1.6 times compared to 2016.

Investing heavily in expansion and modernization, NMMC allocated $473.5 million for 12 projects in 2023. The Hydrometallurgical Plant №6, a key investment project, was inaugurated for processing 4 million tons of gold ore annually, based on the Pistali deposit in the Nurata district of the Navoiy region.

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Furthermore, NMMC actively participated in the Localization program, producing products worth UZS 629.5 billion ($49.9 million) and purchasing goods worth UZS 5.5 trillion ($435.6 million) from local enterprises through intersectoral industrial cooperation.

In recognition of its commitment to quality, the London Bullion Market Association (LBMA) awarded NMMC a certificate in 2023, affirming its compliance with market standards after successful completion of required tests.

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