AGMK to invest US$101m to expand copper mine

The company completed development of the feasibility study of the projects and will start to introduce of heap leaching process, which is the most effective technology for copper recovery, the source said to the agency.

During realization of the project by 2017, the combine will be additionally process 4 million tonnes of ore. The project will allow to increase copper production by 3-4% in short-term perspective.

The project will be financed due to the loan of the Fund for Reconstruction and Development of Uzbekistan for US$41.3 million, loans of the Uzbek banks – US$40.3 million and own resources of AGMK – US$19.4 million.