The Almalyk Mining and Metallurgical Combine (AMMC) increased the production of cathode copper in 2019 by 25.4% compared to 2018 - up to 147.25 thousand tons, the press service of the enterprise said.
"Last year, with a forecast of 132 thousand tons of cathode copper, 147,250 tons were produced, which amounted to 111.8%, and the growth rate by 2018 was 125.4%," the materials posted on the website of the AMMC say.
According to the plant, ore production reached 38.33 million cubic meters, which exceeded the forecasted figures by 0.1%, the volume of stripping operations - 19.06 million cubic meters (+ 0.3% to the forecast).
Already in 2020, the plant plans to start mining at the quarry of the “Yoshlik-I” copper deposit (formerly called “Dalnee”), and in 2023 it will complete the construction of a mining and processing complex at its base and reach a design capacity of 74 million tons of ore mining.
Earlier, the management of AMMC announced that the plant plans to direct investments in the amount of $ 3.34 billion to expand the raw material base and increase production capacities in 2019-2023. A significant part of these funds will be invested in the development of the “Eshlik-I” deposit worth about $ 1.7 billion. It was originally planned to launch a quarry in 2023, and to reach full capacity by 2035. The quarry project was developed by the Russian “Giprocvetmet” JSC (Moscow).
Almalyk MMC is the only copper producer in Uzbekistan. The plant accounts for about 90% of silver production and 20% of gold in the republic. In August 2018, the state assets of the plant were transferred to the management of SFI Management Group.