AGMK completes expansion of Kalmakyr mine

Tashkent, Uzbekistan (UzDaily.uz) -- Almalyk Mining and Metallurgy Combine (AGMK, Uzbekistan) completed expansion of Kalmakyr mine, which is main raw materials source of the company. The project cost was US$122.2 million.

RIA Novosti reported that the combine bought mining transport and drilling equipment, constructed fourth loading link, reconstructed railroads and conducted additional mining works in 2009-2013. This works will allow to increase ore mining by 17% to 31.5 million tonnes a year.

Fund for Reconstruction and Development of Uzbekistan issued a loan for US$63 million and Ipoteka Bank allocated a loan for US$20 million. AGMK directed US$39.4 million of its own resources to the project.