Uranium concentrate production increased by 11% in 2023

According to the results of last year, the production of uranium concentrate in Uzbekistan increased by 11%. This is stated in the annual report of the Ministry of Geology on the mining industry for 2023.

Last year, Navoiyuran's production amounted to 6.7 trillion soums ($600 million). The share of the uranium industry exceeds 5.6% of the total production of the mining industry - more than 118 trillion UZS ($10 billion).

The state-owned company took third place in the mining sector - after Navoi and Almalyk Mining and Metallurgical Combines - in terms of the amount of tax payments, which amounted to 3% (about 4.6 trillion UZS) of the total volume.

Last year, uranium exports generated $424 million in revenues, more than a third of all mining exports. Non-ferrous metals took first place, with supplies totaling $661 million.

Navoiyuran also allocated $ 62 million for seven investment projects, including the production of 200 tons of uranium per year at the Oktog mine. The state-owned company is developing a strategy for integrating ESG standards.

This year, Navoiyuran plans to invest $145 million in eight projects, of which $50 million will come from foreign investment.

In July 2022, Navoiyuran disclosed its revenue and profit figures for the first time. In the first quarter, the state-owned enterprise sold uranium and other materials worth 767.4 billion UZS.

In recent months, China National Nuclear Corporation and China Nuclear Uranium have expressed interest in joint uranium mining with Navoiyuran.