Uzbekistan’s NMMC places fifth in 1H23 ranking of world’s top gold producers

By Muzaffar Ismailov in Tashkent September 14, 2023

Uzbekistan’s Navoi Mining and Metallurgical Combine (NMMC) ranked fifth among the world's top gold producers in 1H23, according to Canadian trade media outlet Kitco.

The Uzbek giant produced 1.42mn ounces of gold during the six months, meaning output was up 2.1% y/y.

Topping the ranking was American Newmont (2.51mn ounces). Second was Canada’s Barrick (1.96mn ounces).

Last year, NMMC produced approximately 1.7mn ounces of the precious metal at its Muruntau deposit.

The total reserves of the mine are estimated at 150mn ounces. Muruntau, however, last year lost its recognition as the largest gold mining field in the world, giving way to Indonesia's Grasberg.

Uzbekistan's President Shavkat Mirziyoyev has previously noted plans under which, by 2030, 19 projects worth $3.8bn will be implemented at NMMC, with gold production to expand by one and a half times, to 155 tonnes per year.

Related Articles

Russia’s expulsions of migrants reportedly nearly double in 2024 to around 80,000

Russia in 2024 expelled more than 80,000 migrants for immigration rule violations, compared to 44,200 in 2023 and 26,600 in 2022, TASS reported on January 8. The Russian state news agency cited a ... more

Kazakhstan’s transit of Russian oil to Uzbekistan and China amounts to 10.2mn tonnes in 2024

Russia’s transit of oil through Kazakhstan’s pipeline system, operated by main pipeline operator KazTransOil, to China and Uzbekistan totalled 10.21mn tonnes in 2024, ... more

World Bank must wake up to Rogun mega dam “nightmare” in Tajikistan, say activists ahead of financing vote

The World Bank has to realise that the Rogun mega project “dream of the biggest dam [in the world] will turn into a nightmare for the people and nature in Tajikistan and beyond” and that it ... more

Dismiss