Namangan to Accelerate Development of Oktepa Silver Deposit

Tashkent, Uzbekistan (UzDaily.uz) — The implementation of an investment project to develop the Oktepa silver deposit, valued at US$50 million, is moving forward in the Pap district of the Namangan region. The Governor of the Namangan region, Shavkat Abdurazakov, recently visited the site to inspect the progress of the operations.

The project is being executed by Great Fortune International in cooperation with Azerbaijani partners. During the visit, the governor reviewed the current status of the project, the pace of construction and installation works, the establishment of production infrastructure, and future expansion plans.

The total investment allocated for the project is US$50 million. Once the enterprise reaches its full operating capacity, it is planned to process 700,000 tonnes of ore per year, which equates to approximately 2,000 tonnes per day.

The implementation of the project will create 1,000 new jobs. The annual export volume of the production is expected to reach US$50 million, which aims to boost the export potential of the region, diversify industrial manufacturing, and provide additional employment opportunities for the local population.

Shavkat Abdurazakov instructed officials to ensure that construction works are completed with high quality and within the established deadlines. He also ordered the acceleration of engineering and communication infrastructure development, a more active integration of modern technologies, and a timely transition of the project into its practical operational phase.

Officials noted that the development of the Oktepa deposit is among the strategically important investment projects for the Namangan region. Its realization is expected to advance the industrial potential of the region, ensure the effective utilization of precious metal reserves, increase export deliveries, and stimulate economic growth.