In 2023, Navoi Mining and Metallurgical Company's contribution to Uzbekistan’s GDP averaged 6.4%, while its share in the republic’s industrial production volume was 10.3%. The company’s contribution to state budget revenues stood at 14.1%, making it the country’s largest taxpayer.
Over the years, NMMC climbed from 7th to 4th place among the leading foreign gold producer companies. In 2023, compared to 2016, gold production increased by 25%, silver by 47%, gold mining by 2.5 times, and ore processing by 1.6 times.
In 2023, NMMC produced products worth UZS 67.5 trillion ($5.3 bn), marking a growth rate of 103.8% compared to 2022. The cost of production was reduced by 5.6%, and UZS 38.6 trillion ($3.1 bn) were paid to the state budget. The company also created 1,445 new jobs.
As part of NMMC’s Investment Program for 2023, capital investments amounting to $473.5 mn were spent on 12 projects. The largest investment project, Hydrometallurgical Plant №6, was launched for processing 4mn tons of gold ore per year. This plant is based on the Pistali deposit in the Nurata district of the Navoiy region.
In 2023, under the Localization program, NMMC produced products worth UZS 629.5 bn ($49.9 mn). As part of the intersectoral industrial cooperation, products worth UZS 5.5 trillion ($435.6 mn) were purchased from local enterprises.
NMMC is implementing the Transformation Program for 2023-2025, which outlines the goals and priority areas of transformation. This program aims to develop the raw material base, increase the operational efficiency of the main production and auxiliary processes, implement digitalization widely, develop investment processes, optimize design solutions, develop organizational activities, and ensure ESG and industrial safety.
In 2023, the London Bullion Market Association (LBMA) awarded NMMC a certificate confirming the successful completion of the next tests for full compliance with market requirements.
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