Navoi Mining and Metallurgical Company

Driving Sustainable Change in the Mining Sector of Uzbekistan! We are excited to share that the Navoi Mining and Metallurgical Company (NMMC) is embarking on a transformative journey towards sustainable energy! Over the next three years, we are implementing a comprehensive roadmap aimed at expanding the use of renewable energy throughout our operations. This $450 million initiative aligns with the Uzbekistan government's ambitious goal of achieving a 40% share of renewable energy in the country’s power generation by 2030. Find more on our renewable energy program in the International Mining article: https://lnkd.in/dUmRsGTW #RenewableEnergy #Sustainability #NMMC #Uzbekistan

The Muruntau Mine The Muruntau gold deposit in western Uzbekistan is one of the largest individual gold deposits worldwide with resources in excess of 5000 mt (metric tons) of gold. It was discovered in 1958 by Mordvintsev Y.N., Khamyshkin P.V. and Luk’yanov S.I. by verification of an arsenic geochemical anomaly (Kempe et al., 2016). The mine is owned and operated by Navoi Mining and Metallurgy Combinat (NGMK), a state-owned company in Uzbekistan. The Muruntau mine is located in the Qizilqum Desert of Uzbekistan. It is the world's largest open-pit gold mine, measuring about 4.3 km long, 3.2 km wide, and 650 m deep. It is one of the largest gold mines in the world, producing over 2 million ounces (56.7 tonnes) of gold per year. The mine has estimated gold reserves of 150 million ounces (4,819 tonnes), making it the largest gold deposit in Eurasia. In 2022, Muruntau became one of the world's top gold mining operations. Read more: https://lnkd.in/eY6HqhpG Video by @NKMK (YouTube)

NMMC Boosts Local Manufacturing Efforts in Uzbekistan! Navoi Mining and Metallurgical Company (NMMC), the world’s 4th largest gold producer, is making significant strides with its localization program aimed at reducing imports and boosting local manufacturing. Since 2000, the program has focused on producing in-house and domestically made components to meet the company’s needs, promoting cross-industry cooperation. Key highlights: 🔸In the past 3 years, NMMC produced localized supplies worth $131.9M and procured $1.17B in industrial goods for its operations. 🔸For 2024, NMMC has already completed 68% of its $74.6M production plan, a 142.4% increase YoY. 🔸From Jan-Aug 2024, $362.7M worth of import-substituting products were purchased from local manufacturers—a 122.6% YoY rise. 🔸The innovative “towing” program, the first of its kind in Uzbekistan, has produced 1,400 types of industrial goods valued at $115.4M by supporting local enterprises. Looking ahead, NMMC is set to increase localized production by 113% through 185 projects and raise the localization level to 65% by 2030, driving sustainable growth in Uzbekistan. #NMMC #Localization #Manufacturing #SustainableDevelopment #Uzbekistan #Innovation #IndustrialCooperation

Happy Independence Day! Celebrating this day in spirit of unity and cultural diversity, we at Navoi Mining and Metallurgical Company extend our heartfelt congratulations to the people of Uzbekistan, wishing you peace and a future brimming with prosperity and brightness!

Navoi Mining and Metallurgical Company (NMMC) Secures USD150 Million Loan from MUFG! We are pleased to announce that NMMC has signed a bilateral loan agreement with Mitsubishi UFJ Financial Group, Inc. (MUFG) worth USD150 million. This funding will play a pivotal role in sustaining the financing of our ongoing investment programme. The programme, implemented in stages, focuses on enhancing processing capacity, boosting production volumes, creating new jobs through mine development, and modernizing our facilities. Jakhongir Khasanov, CFO of NMMC, stated: "Following the credit ratings we received from Fitch Ratings and S&P Global earlier this year, this agreement with MUFG further underscores NMMC's financial strength and creditworthiness. The funds will support our continuous efforts to expand and enhance our operations, solidifying our position as one of the world’s leading gold producers." #NMMC #MUFG #Mining #Investment #GoldMining #Uzbekistan

NMMC Achieves ISO 37001:2016 Certification for Anti-Bribery Management Navoi Mining and Metallurgical Company (NMMC) is pleased to announce that we have successfully implemented the ISO - International Organization for Standardization 37001:2016 international standard, reinforcing our commitment to corporate transparency and global anti-corruption efforts. This certification follows a rigorous audit by CERT International, which assessed and confirmed our compliance with the "Anti-Bribery Management System" standard. The certification was formally awarded to NMMC Chairman and General Director Kuvandik Sanakulov on August 28, 2024, during a ceremony attended by senior management and staff. Akmal Burkhanov, Director of the Anti-Corruption Agency of the Republic of Uzbekistan, also joined the event online. This achievement reflects NMMC’s dedication to aligning our management systems with internationally recognized best practices. This certification marks a significant milestone in our ongoing efforts to uphold the highest ethical standards in our operations. #CorporateTransparency #AntiCorruption #EthicalStandards #Compliance 

Navoi Mining and Metallurgical Company (NMMC) is advancing its surveying services by integrating advanced drone technology! For the first time, specialists from NMMC's surveying service have used aerial photography with unmanned drones to create digital models of deposits. These cutting-edge drone systems will significantly accelerate and enhance the accuracy of geodetic data collection, while minimizing the need for extensive fieldwork. With the ability to remotely monitor hazardous areas, these drones not only increase safety but also boost operational efficiency. This technological shift represents a new era in NMMC’s geodetic work, paving the way for precise digital topographic plans and detailed terrain models. #DigitalSolutions #Geology #DigitalGeology #DroneTechnology #GoldMining #NMMC

NMMC Invests $23 Million to Boost Muruntau Mine Capacity! Navoi Mining and Metallurgical Company (NMMC) is investing over $23 million to expand its Muruntau mine, the world's largest open pit gold mine. This investment will significantly increase our capacity to transport rock mass by 27 million cubic meters per year. The expansion includes:  ✅Enhancements to the Northeast Cycle and Flow Technology Complex, a key driver for Muruntau’s development, which will boost transportation capacity by 15 million cubic meters annually. This project will involve new conveyor systems, power lines, and a 1.1 thousand-meter extension of the tipping conveyor line, with a projected cost of over $8.2 million. ✅Construction of a second conveyor line in the Muruntau open pit, complementing the existing 1,877.4-meter line. The new line, extending over 1,000 meters, will enhance our transportation capabilities by 12 million cubic meters per year. This project is estimated to cost more than $15.3 million. All conveyor components are manufactured locally at NMMC's Machine-Building Plant, showcasing our commitment to sustainable development and local industries. #NMMC #Muruntau #GoldMining #CentralAsia #Uzbekistan

We are all proud to be part of promoting gender equality in Uzbekistan!

NMMC joins International Women in Mining (IWiM) organisation! We are thrilled to announce, that Navoi Mining and Metallurgical Company has commenced its partnership with International Women in Mining (IWiM). IWiM, a leading global organisation, is driven by their values of pursuing gender equity and promoting women’s voices in the mining industry across the world. This milestone is a great opportunity to join an international network of leading companies, organisations and individuals sharing a vision for the mining sector and aiming to inspire men and women to be change-makers and leaders in their businesses and communities. NMMC stands at the forefront of gender equality and women's empowerment in Uzbekistan. As the largest employer in the country with 6,261 female employees, we continue to highlight the role and importance of women in the mining industry. #WomenInMining #IWiM #Network