TASHKENT, Uzbekistan, October 28. Japanese Itochu trading and investment company and Uzbekistan' Navoiyuran, specializing in geology, mining and metallurgy, plan to implement new projects for the joint extraction of uranium in Uzbekistan, Trend reports.
The news followed a recent meeting between the Chief Executive Officer of Uzbekistan’s Navoiyuran State Enterprise Jamal Fayzullaev and representatives of Itochu to discuss issues related to existing agreements, as well as prospects for the development of bilateral cooperation.
During the meeting, representatives of the Japanese delegation presented the concept of a joint venture for the production of uranium, which is planned to be created jointly with Navoiyuran.
Proposals were also put forward to increase the existing volumes of uranium production and reduce the cost of production by introducing digital technologies into production.
Moreover, the Japanese expressed their proposals on geological exploration and the development of new deposits, the introduction of high technologies, the effective use of the corporation's international experience in the global market and the creation of new capacities for the production of sulfuric acid with the participation of geologists and engineers.
Following the meeting, the parties agreed to continue mutually beneficial cooperation in the future, as well as to develop a roadmap for joint cooperation, defined at the meeting, and accelerate work on this basis.
Earlier this year, speaking at the Innoprom Central Asia International Industrial Exhibition held in Tashkent, Deputy Minister of Mining and Geology of Uzbekistan Omonullo Nasritdinkhodzhayev said that Uzbekistan plans to double the volume of uranium production by 2030, bringing it from 3,600 in 2022 to 7,000 by the end the designated period.
