TASHKENT, Uzbekistan, August 15. Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC) is investing over $23 million to expand its Muruntau open pit gold mine, Trend reports.
According to the company, the investments will really give the NMMC a boost in its ability to transport rock mass by 27 million cubic meters per year.
The NMMC will take the Northeast Cycle and Flow Technology Complex to the next level, making it a real game-changer for Muruntau's development. This upgrade will give a major boost to transportation capacity, adding a whopping 15 million cubic meters annually. This project will be a whole new ball game, involving new conveyor systems, power lines, and a 1,100 meter extension of the tipping conveyor line, with a projected cost that will break the bank at over $8.2 million.
At the same time, the company will construct a second conveyor line in the Muruntau open pit, complementing the existing 1.8 million meter line. The new line, extending over 1,000 meters, will enhance transportation capabilities by 12 million cubic meters per year. This project is estimated to cost more than $15.3 million.
Meanwhile, Uzbekistan’s NMMC is planning to implement 11 projects with a total value of $1 billion in 2024 under its ongoing investment program to boost gold production.
A total of $363.5 million has already been allocated for these initiatives in the first half of 2024.