NMMC implements investment programme to boost gold production
Tue July 23 2024
Navoi Mining and Metallurgical Combine (NMMC), the world’s fourth-largest gold producer and Central Asia’s largest gold miner, has set an ambitious goal to implement 11 projects with a total value of US$1 billion in 2024 under its ongoing investment programme.
The programme, designed to boost gold production, highlights NMMC’s commitment to growth and innovation in the industry. In 1H24, US$363.5 million has already been allocated for these initiatives, with work on all projects currently in progress.
One of the key projects, ‘Ore Mining at Gold Deposits Kokpatas and Daugyztau (Phase III)’, recently reached an important milestone with the launch of a new, seventh mill at Hydrometallurgical Plant No. 3 (HMP-3), boosting the facility’s gold-bearing ore processing capacity by 13%, from 8 million to 9 million tpy. The project, including the new mill, has a total cost of US$281.1 million.
Future plans include the expansion of flotation, bio-oxidation, filtration, drying, and roasting workshops, which will further increase production volumes. Coupled with the launch of the new unit, these measures will increase annual ore processing capacity to 10 million t by the end of the year.
Equipment and spare parts for the new milling block were manufactured locally at the company’s Navoi Machine-Building Plant and Northern Mining Administration divisions. Construction work was carried out by the Zarafshan Construction Administration. This approach demonstrates the company’s commitment to supporting local industries while also ensuring efficiency and timely project completion.
Source: https://www.globalminingreview.com/