Navoi Mining and Metallurgy Combinat

NMMC (English: Joint-stock company Navoi Mining & Metallurgy Company, Uzbek: Navoiy kon-metallurgiya kombinati aksiyadorlik jamiyati) is the largest Uzbek industrial enterprise, is involved in the mining industry, and is one of the top ten largest gold producers in the world. The company's most important gold ore deposits are located in the Kyzyl Kum Desert.
In 2008, the South Korean company Korea Electric Power Corporation (KEPCO) signed a contract to supply 2,600 tonnes of uranium until 2015.
In 2011, the company achieved a turnover of 3.5 billion dollars. In 2012, it employed 65,000 people. In 2013, 1,663 tonnes of uranium were delivered to China, for which Uzbekistan is the second-largest uranium supplier after Kazakhstan.
In 2014, the Nuclear Suppliers Group (NSG) signed a contract to deliver 2,000 tonnes of uranium concentrates annually to India until 2018.
The company announced its intention to Eurobond in 2022 and IPO internationally shortly thereafter.
In accordance with the decision of the Government of the Republic of Uzbekistan, from January 1, 2022, the state enterprise Navoi Mining and Metallurgical Combine was reorganized and the following enterprises were organized on its basis:
NMA was founded in 1958 in Uchkuduk for uranium\ mining in open pits and in underground mines on the base of Uchkuduk Deposit.
Currently NMA's main activities are as follows:
CMA was founded in 1964 in Zarafshan for development of Muruntau Mine - unique gold ore Deposit. Gold mining and processing facilities were constructed on its base. Since March 1967 CMA has been mining gold in open pit, fulfilling the complete set of works – from prospecting and exploration till gold bars manufacture.
Gold and silver produced by CMA's Hydrometallurgical Plant #2 conform to the International Standards.
CMA's main activities:
SMA is located at Zarkent, Samarqand Region. It was founded in January 1964 for the development of the Sabirsay uranium deposit.
SMA's main activities:
It was founded in 1963 as a maintenance shop for the purposes of repair of NMMC's equipment.
NMBP is quite large unit which produces all kinds of castings; provides NMMC with spare parts, pumps, metal constructions, liner, outdoor equipment; produces wood-working machines and metal-removal machine tools, welding electrodes, consumer goods (washing machines, kitchen machines). This unit is significant in the republic as having facilities for repair of complex equipment used outside of NMMC.
"Zarafshan-Newmont" was Uzbek-American joint venture that had been put into operation in May 1995 for processing of sub-economic and low grade gold ore of Muruntau Deposit. "Zarafshan-Newmont" JV is a plant using heap leaching technology not previously applied in CIS countries.
"Zarafshan-Newmont" JV was constructed owing to use of foreign investment and technology. It is the first successfully realized large foreign investment in the Republic of Uzbekistan. This joint venture is closed now. All machines and production lane moved to NMMC (CMA).
Newmont doesn't have share in this JV anymore. At the moment it's a property of NMMC under the name of "Dense Leaching Workshop."
Founded in 1967 carries out industrial and civil construction, building of automobile roads and railways.