Uzbek NGMK to reduce expenses for development projects by 36% in 2016

Uzbek state company “Navoi Mining and Metallurgical plant” is about to invest $101.5 million for development projects in 2016, a spokesman for the company stated to RIA Novosti.

In 2015, NGMK finished implementation of projects, valued at $158 million in total. In particular, the plant has carried out technical re-equipment of the core production facilities (gold, uranium) of $57.7 million in value. Besides, there has been completed an expansion of the tail facilities of the refining capacities in Zarafshan, as well as the construction of a tailing pit in Uchkuduk. The total value of the projects made up $70.5 million.

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