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25/06/2024
Mining News

China Mining Energy Group enters copper mining venture in Uzbekistan’s Chust district

China Mining Energy Group is set to embark on a copper mining venture in the Chust district of Uzbekistan’s Namangan region. The partnership is poised to inject 121 billion sum ($9.5 million) into the project, boosting its budget and generating 420 employment opportunities.

Geological surveys are slated to commence in April, with the project anticipated to require a total investment of $200 million. Once operational, it is projected to have an annual copper production capacity of 30,000 tons. By comparison, Uzbekistan’s leading copper producer, the Almalyk Mining and Metallurgical Combine, produced 148,000 tons of copper in 2023.

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Established in 2003, China Mining Energy Group boasts a workforce of 40,000 and holds assets totaling $32 billion. The company operates in 17 countries, extracting aluminum, copper, and gold among other resources.

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