9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Uzbekistan to boost coal production with major investment project

China's Henan company will invest $400 million to develop the Nishbash deposit.

Uzbekistan to boost coal production with major investment project

President of Uzbekistan Shavkat Mirziyoyev in the beginning of July reviewed a report on the ongoing work and progress in implementing investment projects in the field of geology. Over the past six months, Uzbekistan has produced almost 3 million tonnes of coal. Underground mechanised complexes have been fully put into operation in Shargunkumir coal deposit, due to which daily coal production has reached 3.5 thousand tonnes.

In the second half of the year it is planned to produce more than 5 million tonnes of coal. In general, it is expected that this year coal production will increase by 1.4 million tonnes compared to last year.

The industry is also implementing a number of investment projects. In particular, China's Henan, a large state-owned company specialising in coal mining and the chemical industry, plans to allocate $400 million in direct investment to develop the Nishbash deposit. As a result of this project, it is planned to mine up to 8 million tonnes of coal underground and process 5 million tonnes of coal per year.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Egypt boosts sector with new mining law

Wednesday, April 30, 2025

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now