Tyazhmash to supply equipment to AGMK

RIA Novosti reported quoting representative of AGMK said that Russian company will supply crusher and replace choppers of copper processing complex of AGMK on “turn-key” basis. The contract will be implemented within 1.5 years.

The project cost is US$118 million and envisages of copper processing complex of AGMK. In the result of modernization, the complex will grow by 20% to 35 million tonnes of processed ores a year.

The need to increase the capacity is connected with attraction of off-balance ores of Kalmakyr field and expansion of mining at Sary-Cheku, which is main raw base of the enterprise.

The project will be financed due to loan of Fund for Reconstruction and Development of Uzbekistan for US$80 million, Ipoteka Bank – US$32 million and own source of AGMK – US$6 million.