Almalyk Copper Plant in Uzbekistan Obtains $2.55 Billion Loan for Production Boost
October 2, 2023
The Almalyk Mining and Metals Combine (AGMK), a significant copper, silver, and gold producer in Uzbekistan, has secured a $2.55 billion loan from Germany's KfW-IPEX Bank. This financial move aims to double AGMK's current production capacity.
Last year, AGMK produced 148,500 metric tons of copper. AGMK's operations are primarily based on reserves of copper-molybdenum, lead-zinc, and gold-silver deposits found in regions such as Tashkent, Jizzak, Namangan, and Surkhandarya.
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