BAKU, Azerbaijan, August 18. Uzbekistan’s Uzbek
Technological Metals Complex (TMK) and India’s Adani Group
discussed potential investment cooperation in mining and mineral
processing.
This was reflected in the statement by the TMK, following a
meeting between representatives of TMK and the Adani Group, one of
India’s major industrial and infrastructure conglomerates, at TMK’s
headquarters.
''The parties discussed the possibilities of developing TMK's
promising mining projects, studying the available geological and
technical data, carrying out additional exploration work, as well
as the subsequent launch of projects at the industrial stage,'' TMK
said in the statement.
During the meeting, TMK presented its integrated
''Mine–Metal–Market'' business model, along with its mineral
resource base and a pipeline of potential investment projects.
The sides discussed opportunities to develop TMK’s prospective
mining projects, including the review of existing geological and
technical data and the possibility of conducting additional
geological exploration.
The discussions could pave the way for selected projects to
advance toward the industrial development stage, depending on the
results of further technical and geological assessments.
The talks come as Uzbekistan seeks to increase the domestic
processing of mineral resources and attract international
investment into projects capable of generating higher-value
products.
For Adani Group, potential cooperation with TMK could provide
opportunities to participate in the development of Uzbekistan’s
mineral resources while leveraging its experience in mining,
processing and infrastructure.
TMK is continuing to expand cooperation with global industrial
partners as part of efforts to develop Uzbekistan’s mineral
potential, increase production of higher-value-added products and
attract long-term investment.
The meeting also underscored the potential for closer
cooperation between Uzbekistan and India in the mining and metals
sector, particularly in projects combining resource development,
processing and industrial infrastructure.
Meanwhile, Adani Group operates across strategic sectors
including mining, energy, metallurgy, ports and logistics,
transportation and renewable energy. The group has experience
spanning mineral extraction and mine management to raw material
processing and large-scale infrastructure development.
