Navoi Mining and Metallurgy Combinat
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NMMC (English: State-Owned Enterprise Navoi Mining & Metallurgy Combine, Russian: Государственное предприятие «Навоийский горно-металлургический комбинат») is one of the largest Uzbek companies involved in the mining industry being among the top ten largest uranium and gold producers in the world. The most important ore deposits of the company are located in the Kyzyl Kum Desert.
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Company type | state-owned enterprise |
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ISIN | UZ7057810010 |
Industry | mining |
Founded | 1958 |
Headquarters | Navoi, Uzbekistan |
Key people | Rashid Kudratov, director general , num_employees = 67,000 (2008) |
Products | uranium, gold and silver products, phosphorite, jewelry |
Revenue | US$3.5 billion (2011) |
Website | http://www.ngmk.uz/en/ |
In 2008, the South Korean company Korea Electric Power Corporation (KEPCO) signed a contract to supply 2,600 tonnes of uranium until 2015.[1]
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.[1]
In 2014, the Nuclear Suppliers Group (NSG) signed a contract to deliver 2,000 tonnes of uranium concentrates annually to India until 2018.[2]
The company announced its intention to Eurobond in 2022 and IPO internationally shortly thereafter.[3]