China Mining Energy Group will be participating in a project to mine and process copper ore in the Chust district of Uzbekistan’s Namangan region. The new partner is expected to increase the mine’s budget by 121 billion sum ($9.5 million), and create 420 jobs.
Geological exploration is scheduled to begin in April. The project is expected to cost $200 million and have an annual capacity of 30,000 tons of copper. For comparison, the largest producer of copper in Uzbekistan, the Almalyk Mining and Metallurgical Combine, produced 148,000 tons of copper in 2023.
China Mining Energy Group was established in 2003 and employs 40,000 people. It has $32 billion in assets. The company mines aluminum, copper, and gold in 17 countries.
