TASHKENT, Uzbekistan, January 30. Uzbekistan
and Türkiye’s Ahlatci Holding discussed opportunities for
cooperation in the mining sector, Trend reports via the Ministry of Economy and Finance
of Uzbekistan.
The issue was reviewed during a meeting held in Ankara between
Uzbekistan’s Minister of Economy and Finance Jamshid Kuchkarov and
Ahlatci Holding’s Chief Executive Officer Ahmet Ahlatci.
The discussions focused on the application of modern
technologies in geological exploration and the phased introduction
of advanced practices. The sides also exchanged views on priority
areas for expanding investment cooperation in Uzbekistan and the
prospects for implementing mutually beneficial projects.
Uzbekistan's mining sector is vital to its economy, contributing
10-15% to GDP and generating 25% of export revenues. In 2024, the
sector's production value surged to over $4.6 billion, a 20.6%
increase year-on-year. It excels in gold, ranking among the top
five globally for reserves, with the Navoi Mining and Metallurgical
Company producing 129.1 tons in 2024. The copper industry is
expanding, with the Almalyk Mining and Metallurgical Complex
planning to process up to 60 million tonnes of ore annually by
2026.
Uzbekistan is also a major uranium exporter, earning
approximately $200 million, and possesses significant deposits of
minerals like tungsten, lithium, silver, and molybdenum.
Ahlatci Holding is a Turkish business group operating in the
mining, precious metals, energy, finance, and manufacturing
sectors, with activities in Türkiye and abroad.
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