9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
1.00 CNY CNY/CNY CNY/CNY
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 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

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

Kardemir's 'Power Plant' has been commissioned

Sunday, December 22, 2024

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

European car sales decreased by 2% in november

Sunday, December 22, 2024
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