Navoi Mining and Metallurgical Company

NMMC Rings Closing Bell at London Stock Exchange to Celebrate Historic Eurobond Issuance! Last Friday, Navoi Mining and Metallurgical Company marked its debut in the global capital markets with a remarkable US$1 billion dual-tranche Eurobond issuance, celebrated by ringing the closing bell at the London Stock Exchange (LSE). The ceremony was attended by senior company executives represented by Chairman of the Management Board Kuvandik Sanakulov, Chief Transformation Officer Eugene Antonov, CFO Jakhongir Khasanov, Deputy Head of Corporate Finance Alisher Khudoyorov, representatives from the Embassy of Uzbekistan in London and key partners, including banks and advisors. With Citi, J.P. Morgan, and Societe Generale as our global coordinators, and Deutsche Bank, ICBC, MUFG, and Raiffeisen Bank International AG as bookrunners, we achieved an impressive orderbook of US$5.5 billion, oversubscribed more than 5.5 times – a testament to the robust investor confidence in NMMC. Thank you to everyone who joined us in celebrating this milestone as we continue to shape a bright future for our industry and Uzbekistan! #NMMC #LondonStockExchange #Eurobond #CapitalMarkets #MiningInnovation #Uzbekistan #Sustainability #EconomicGrowth

NMMC at European Economic Days in Uzbekistan! Navoi Mining and Metallurgical Company (NMMC) was honored to participate in the European Economic Days in Uzbekistan hosted by the The Europe-Uzbekistan Association for Economic Cooperation — EUROUZ. The European Economic Days in Uzbekistan is a flagship event for economic cooperation between Uzbekistan and EU that brings together over 400 people including representatives from public and private sectors. Eugene Antonov, First Deputy General Director of NMMC, joined the session, "Critical Raw Materials: Shaping the Future of EU-Central Asia Cooperation," where he highlighted NMMC’s commitment to sustainable development and company’s milestone achievements on its path to transformation. "We believe European investors, market players and manufacturers see that the country is opening up for business. Our company is open for business, open for partnership and interested in exploring new technologies," he also added. #EuropeanEconomicDays #EUROUZ #NMMC #SustainableMining

NMMC Expands Transport Fleet to Boost Operational Efficiency NMMC continues to strengthen production with advanced heavy-duty vehicles. Our current operations span 2 Transport Directorates, 17 depots and over 4,000 vehicles to support production targets. In 2024, we added 15 Caterpillar Inc. haul trucks (220 tons) and 4 Komatsu trucks (254 tons) and plan to further acquire:  • 100 haul trucks (55-225 tons)  • 40 construction machines (graders, loaders, dozers)  • 30 specialized vehicles Equipped with onboard computers, these trucks enhance productivity and provide real-time monitoring for seamless operations. Integrating these modern machines creates a safer, more comfortable work environment for our drivers as we strive for greater efficiency through innovation.   #NMMC #MiningTech #HeavyMachinery #Productivity #Innovation #Uzbekistan #GoldMining

NMMC takes Uzbekistan’s gold mining industry to the global stage! Eugene Antonov, Navoi Mining and Metallurgical Company's first deputy CEO for transformation, discusses the company’s journey, its impact on #Uzbekistan’s economy and what lies ahead in recent interview to bne IntelliNews. Read more here: https://lnkd.in/d74G2seH

NMMC supports Women's Empowerment in the mining industry at UIMF 2024! Navoi Mining and Metallurgical Company was honored to host the special panel session on “Women in Mining: Creating Opportunities” at the 6th UIMF - UZBEKISTAN INTERNATIONAL MINING & METALS FORUM. This exceptional panel session brought together thought leaders and industry change makers such as Rano Kosimova, Head of Organizational Development at NMMC, Sabokhat Nasarova, Head of Women Community at NMMC, Barbara Dischinger, Director at International Women in Mining (IWIM), Feruza Khamidova, Deputy CEO on Finance & Transformation, JSC Almalyk Mining And Metallurgical Complex, Tatyana Budey, CFO, JSC Uzmetkombinat, Jamilya Mukhametaliyeva, CFO, СП ООО UZCOPPER and Daria Goncharova, Global Sustainability Lead, DMT GROUP to discuss the vital role of women in the mining and metallurgical sectors, addressing key challenges and achievements in gender parity. The session was moderated by Eleanor Kramers, Managing Director at Montfort Eurasia. NMMC, Uzbekistan’s largest employer of women in the mining sector, shared its ongoing efforts, including training, mentoring and safety initiatives that foster both professional development and psychological well-being of women. NMMC remains committed to empowering women and promoting sustainable development as part of our long-term strategic goals. #WomenInMining #GenderEquality #Sustainability #NMMC #MiningIndustry #Inclusion #Empowerment

Navoi Mining and Metallurgical Company (NMMC) celebrated its inaugural US$500mn 6.70% 4-year and US$500mn 6.95% 7-year Eurobond listing on the Main Market, by closing the Market at the London Stock Exchange. NMMC is the world’s fourth-largest gold producer, with an annual output of 2.9 million ounces and a total mineral resource base of 148 million ounces. Eugene Antonov, NMMC First Deputy CEO and Chief Transformation Officer, said, "This successful bond issue highlights NMMC’s position at the forefront of the global gold industry as we leverage our world-class assets and operational efficiency to deliver sustainable growth. We view the bond listing on the London Stock Exchange as merely a first step into international capital markets for our company." Read the welcome story: https://lseg.group/3YezkPn #RaisingCapital #MarketClose #DebutBond

NMMC at Uzbekistan International Mining & Metals Forum 2024! Navoi Mining and Metallurgical Company proudly participated in the 6th Uzbekistan UIMF - UZBEKISTAN INTERNATIONAL MINING & METALS FORUM 2024, a key platform for shaping the future of the mining and metallurgical industries. Our colleagues participated in several panel discussions, highlighting various aspects of our transformation journey that spans across the majority of our workstreams, offering a comprehensive view of our ongoing progress and innovation. Eugene Antonov, First Deputy General Director of NMMC, addressed the session on "National Principles of International and Regional Industrial Cooperation," emphasizing our achievements and key milestones in 2024, especially our journey on the global financial markets. Boris Samoylenko, Head of Sustainable Development (ESG) of NMMC, highlighted our approach and achievements after adopting ESG strategy into the core of our business at the session “ESG reboot: new approaches and solutions”. Egorova Liubov, Director for resources, spoke at the “Geoinformation technologies for prospecting, exploration and development of mineral deposits” session about the transformation our company has undergone in the last years and how it changed our operations. Denis Nastenko, Head of digital transformation, went into the details of operational efficiency as key to success at the “Priority sustainable development trajectories” session. #Mining #Metals #Uzbekistan #NMMC #GoldMining

NMMC Announces Successful Inaugural US$1bn Dual-Tranche Eurobond Offering Today, Navoi Mining and Metallurgical Company is proud to announce the settlement of our first-ever US$1bn dual-tranche #Eurobond offering, which saw tremendous global interest from investors. The offering—comprising US$500 million in 4-year notes at a 6.70% yield and US$500 million in 7-year notes at a 6.95% yield—was oversubscribed more than 5.5 times, with an orderbook reaching US$5.5 billion. This marks the largest orderbook for an Uzbek issuer since 2019. Key highlights include: - Investor engagement from the UK, US, Europe, the Middle East, and Asia. - An investor roadshow that attracted over 150 institutional investors. - A closing bell ceremony at the London Stock Exchange to mark the official debut of our notes. We are excited to use the proceeds to further NMMC’s growth, optimize our capital structure and drive long-term value for all stakeholders. We thank our investors and partners for their trust and support as we continue building NMMC into a global mining leader. #NMMC #Eurobond #Mining #Finance #Uzbekistan #GlobalMarkets #GoldMining

Fitch Upgrades NMMC's Standalone Credit Profile to ‘bb+’ and Assigns Final 'BB-' Rating to Debut USD1 Billion Notes Offering We are excited to announce that Fitch Ratings has assigned a 'BB-' rating to NMMC's debut USD 1 billion notes offering, due in 2028 and 2031. This aligns with our Issuer Default Rating (IDR) of 'BB-' and a Stable Outlook. Fitch has also upgraded NMMC’s standalone credit profile to ‘bb+’, reflecting our diversified funding sources and improved financial structure. Proceeds will support capital projects and debt refinancing, driving sustained growth. This marks a significant milestone in NMMC’s strategic plan, allowing us to fund capital expenditure initiatives and refinance existing debt. As the fourth-largest global gold producer, NMMC continues to build a solid financial foundation, positioning us for strong international expansion. #NMMC #Eurobond #FinancialGrowth #FitchRatings #GoldMining #Uzbekistan #CapitalMarkets #Sustainability #Resilience #GlobalMining

NMMC Marks Historic Milestone with Debut $1 Billion Notes Offering! Navoi Mining and Metallurgical Company (NMMC) has successfully priced its inaugural dual-tranche notes, raising $1 billion in total! This landmark transaction includes $500 million in 4-year notes at 6.70% and $500 million in 7-year notes at 6.95% – a significant achievement for both NMMC and Uzbekistan. Key Highlights: 🔹 Largest orderbook for an Uzbek issuer since the 2019 sovereign debut, with over $5.5 billion in demand 🔹One of the largest CIS corporate notes deals since 2020, and the largest from Uzbekistan after sovereign 🔹First gold mining company issuance in global debt capital markets since June 2023 This successful placement underscores NMMC's crucial role in the Uzbek economy and our commitment to innovation and sustainable growth. Eugene Antonov, NMMC First Deputy CEO and Chief Transformation Officer, commented, "This Notes issuance is unique in terms of both volume and coupon rate. Strong investor demand reaffirms NMMC’s position as a leader in the mining industry. We’re driving ambitious goals in production, exploration, and digitalization, establishing NMMC as a truly global mining company.” Jakhongir Khasanov, NMMC Deputy General Director and CFO, added, "This debut offering marks the start of what we hope will be a long-lasting relationship with the global investor community. It’s a milestone for both NMMC and Uzbekistan, where we play a central economic role. The high investor interest highlights our financial resilience, and we remain committed to sustainable growth.” Proceeds from this issuance will support NMMC’s strategic goals, including capital expenditures, debt refinancing, and operational needs, laying a strong foundation for continued expansion. A big thank you to our team, investors, and partners for their trust and support! #NMMC #NotesOffering #Investment #Mining #Uzbekistan #SustainableGrowth #GlobalMarkets #CapitalMarkets