Chinese investor discovers 4 tons of gold in Karakalpakstan; cluster creation is planned
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Chinese investor discovers 4 tons of gold in Karakalpakstan; cluster creation is planned

A cluster for gold mining and subsequent processing, as well as the expansion of geological exploration work, is planned for Karakalpakstan. The President of Uzbekistan, Shavkat Mirziyoyev, announced this information during a meeting held in Nukus on September 19.

The head of state emphasized that current geological surveys cover only 20% of the region's territory. He also noted that the emergence of major investors has led to a lack of up-to-date data on raw material reserves in Karakalpakstan.

As an illustration, the president cited a project implemented by a Chinese investor at the Urusoy deposit in the Karauzyak district. This company invested $33 million and introduced new technologies, which allowed for the discovery of 4 tons of gold reserves over an area of 200 hectares. At current market prices, this gold is valued at $563 million, and the project created 320 jobs.

Responsible bodies were instructed to resolve the issues raised by investors within one month, organize a gold mining and processing cluster with the potential to create 1000 jobs, and develop a comprehensive geological exploration program and conduct a reassessment of deposit reserves.

Issues of deep raw material processing

At the same meeting, Shavkat Mirziyoyev highlighted the critical importance of deep processing of mineral resources available in Karakalpakstan. For example, 1 million tons of technical salt are annually produced from the Barsakelmes deposit in the Kungrad district without processing.

Furthermore, at the Kuskanatou deposit in the Bozatau district, according to state body estimates, processing mirabilite can ensure the production of up to 45 thousand tons of sodium sulfate annually, and processing astrachanite will allow for the production of magnesium sulfate.

Information was also presented regarding the intentions of a German company to invest $30 million in a quartzite deposit in the Beruniy district. This investor plans to launch the production of crystalline silicon and export finished products worth $25 million per year. It should be noted that the world market price for one ton of crystalline silicon is approximately $5500.

The official responsible for the chemical industry was instructed, in addition to already planned projects, to prepare and implement two more projects totaling $200 million, which should lead to the creation of 5000 new jobs. It is worth recalling that Uzbekistan produces about 120 tons of gold annually, with a significant portion, about 100 tons, coming from the Navoi Mining and Metallurgical Combine.

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Chinese investor discovers gold reserves in Karakalpakstan after $33 million investment
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uzdaily.uz

Chinese investor discovers gold reserves in Karakalpakstan after $33 million investment

Uzbekistan President Shavkat Mirziyoyev announced that a Chinese investor has discovered gold reserves amounting to 4 tons across 200 hectares at the Ursay mine, located in the Karauzyak district of Karakalpakstan. This project received an investment of 33 million US dollars, which covers both the capital outlay and technological support.

During a meeting in Nukus dedicated to the socio-economic development of the region, Mirziyoyev noted that 320 jobs have already been created at this mine. He instructed officials to resolve the issues raised by the investors within one month, as well as to establish a cluster for gold mining and processing with the potential for 1000 jobs.

Furthermore, the president strongly recommended developing a comprehensive geological survey program and conducting a reassessment of mineral reserves across the entire region. Mirziyoyev emphasized that geological surveys have only covered 20% of Karakalpakstan's territory, and that available data on raw material reserves is insufficient given the arrival of major investors.

Shavkat Mirziyoyev also mentioned a German company that invested 30 million dollars in the development of a quartzite deposit in the Beruninsky district. This company plans to produce crystalline silicon, the export of which will amount to 25 million dollars annually, while one ton of crystalline silicon costs 5,500 US dollars on the global market.

Separately, the president addressed the Borsa Kelmas deposit in the Kungrad district, where 1 million tons of technical salt are sold annually without subsequent processing. He also referred to the Kuskanatau deposit in the Bozatau district, where mirabilite can be processed to yield 45,000 tons of sodium sulfate per year, and astrachanite is used to produce magnesium sulfate.

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