Kazakh companies eye mining projects in Uzbekistan

By  Trend

Kazakhstan's companies specializing in geological exploration are ready to work in Uzbekistan, the general director of the Kazakh-Australian company "Aurora Minerals Group" Kaisar Kozhamuratov said at the 10th international conference "Uzgeoinvest-2017".

"Uzbekistan has always been interesting for us from the point of view of geological exploration, since there are a lot of large deposits here. Therefore, investors have always been interested in Uzbekistan and given the recent positive developments taking place in the country, we came here to explore the potential of the country. In the future, we are ready to enter the Uzbek market and provide our services to potential customers, "said Kozhamuratov.

He further noted that his company's clients are more interested in projects in the field of mining of precious, non-ferrous and polymetals.

According to the data of the State Balance of Mineral Reserves, as of January 1, 2017, 1931 deposits were discovered in Uzbekistan, including 1043 deposits discovered during the years of independence.

The State Geology Commitee of Uzbekistan issued subsoil users 1014 licenses for the right to use subsoil blocks. Currently, foreign investors are offered 29 deposits and 111 promising areas of solid minerals. These include: precious metals - 12 deposits and 31 promising areas; non-ferrous metals - 18 areas; rare metals and rare earth elements - 11 deposits and 51 areas; ferrous metals - 3 deposits and 11 areas; radioactive - 3 deposits.