Uzbekistan Precious Metals Mining Industry Analysis & Forecast to 2020

The Report “Precious Metals Mining in Uzbekistan to 2020″ by Canadean is now available at Contact with “Precious Metals Mining in Uzbekistan to 2020″ in subject line and your contact details to purchase this report or get your questions answered.


The Precious Metals Mining in Uzbekistan to 2020 report comprehensively covers the country’s historical and forecast data on gold mine production, and information on reserves. The report also includes drivers and restraints affecting the industry, profiles of major gold mining companies, and information on the major active and development projects and regulations governing the industry.


Gold is the major precious metal mined in the country. Uzbekistan had 3.1% of the world’s gold reserves at the end of 2013. In addition, the country has become one of the leading producers of gold, with mine production measuring 2.8 million ounces in 2013, a share of around 3% of global gold mine production. Over 2014–2020, the country’s gold mine production is expected to reach 3,241,266 ounces, growing at a CAGR of 2.1%.


The report contains an overview of Uzbekistan’s precious metals mining industry together with the key growth factors and restraints affecting the country’s precious metals mining industry. It also provides detailed information about reserves, production, prices, competitive landscape, and major active and development projects. Also included is the country’s fiscal regime, which includes governing bodies and relevant laws, mining rights and obligations as well as key fiscal terms.

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Key highlights

  • Gold is the major precious metal mined in the country. Uzbekistan had 3.1% of the world’s gold reserves at the end of 2013.
  • The Qyzilqum fields, Samarqand and Tashkent outskirts are the most prospective locations for gold.
  • A major quantity of silver (80.4%) in concentrates originates from the Kalmakyr, Barakaly, Uchkulach and Khandiza fields and from the Kochbulak, Kyzylalmasay, Muruntau gold mines, the rest (19.6%) of the silver is accumulated from the Nukrakon, Kosmanacha, Okjetpes which are purely silver fields.
  • Over 2013−2015, NMMC planned to construct a mining complex at the base of Promejutochnoye field of Zarmita gold ore zone (third phase) for an investment of UZS33,060.1 million (US$15.7 million). Eight projects, in their preliminary development stages, were included in the list of prospective investments.

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To gain an understanding of Uzbekistan’s precious metals mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production and the fiscal regime.

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Table of Contents

1 Executive Summary 1

2 Gold Mining in Uzbekistan 6
2.1 Country Overview 6
2.2 Mining Overview 6
2.3 Gold Mining in Uzbekistan – Drivers 7
2.4 Gold Mining in Uzbekistan – Restraints 7

3 Gold Mining in Uzbekistan – Reserves and Production 9
3.1 Reserves by Grades and Geographic Regions 9
3.2 Historical and Forecast Production 10
3.3 Gold Prices 12
3.4 Competitive Landscape 13
3.4.1 Navoi Mining and Metallurgical Combinat (NMMC) 13
3.4.2 Almalyk Mining and Metallurgical Combine (AMMC) 14
3.5 Total Production by Major Mines 15
3.6 Major Development Projects 15
3.7 Uzbekistan vs. Global Gold Mine Production 16

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