Navoi Mining and Metallurgy Combine (NGMK) will invest into development of gold and uranium production, as well as expansion of raw base up to US$3.2 billion in 2012-2020, RIA Novosti reported. NGMK Director-General Quvodniq Sanaqulov said that the concept on development of combine for 2012 envisages investment US$300-350 million to the expansion of capacities.

The combine, in particular, plans to implement projects on reconstruction of Muruntai mine and technical re-equipment of mining and railway transport. It will also realize projects on construction of new mine at Bessopan field and reconstruction and expansion of casting production, etc.

The concept of NGMK development in gold production stipulates to boost works on open and underground methods. This will allow to transfer 250-300 million tonnes of ore with 0.69 grams of gold per tonne to active reserves. This will allow to ensure work of the combine for next 40 years.

The combine said that analysis of mining and processing waste of gold ore at the volume of 2 billion tonnes showed that 25-40% of the waste has gold, which can be processed.

NGMK also boosts production of uranium due to launch of six new mines by the end of 2013, which will expand resource base of the enterprise.

NGMK is main producer of gold and uranium in Uzbekistan. (Source: UzDaily.com)