Precious Metals Mining in Uzbekistan to 2020-a Focus on the Gold Industry

Precious Metals Mining in Uzbekistan to 2020-a Focus on the Gold Industry

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Executive Summary

Precious Metals Mining in Uzbekistan to 2020-a Focus on the Gold Industry


Gold and uranium mining is the mainstay of country's economy, together accounting for 25% of the country's total exports by value in 2014. Gold mining contributed 9% of the country's GDP in 2014. Uzbekistan had the world's 12th-largest gold reserves, with 1,700 tonnes (t) or 3.1% of the global total as of January 2015. Significant gold reserves are found in the Navoi and Tashkent regions.


The report contains an overview of the Uzbek gold mining industry together with the key factors affecting the industry and demand for the commodity.

It also provides information about reserves, the historic and forecast data on Uzbek gold mines, gold prices, the competitive landscape and active and development gold projects.

Reasons to buy

Gain an understanding of Uzbek precious metals (gold) mining industry, its reserves historic and forecast precious metals (gold) production, gold prices, demand driver, active and development gold projects, the competitive landscape and the country's fiscal regime.

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Ken Research
Ankur Gupta, Head Marketing & Communications


1 Table of Contents

1 Executive Summary

2 Gold Mining in Uzbekistan-Reserves and Production

2.1 Total Reserves by Grade, Region, Country and Selected Mines

2.2 Historic and Forecast Production

2.3 Active Mines

2.4 Development Project

2.5 Location of Gold Mines in Uzbekistan

2.6 Demand Drivers

2.6.1 Demand from end-use markets

3 Major Gold Producers in Uzbekistan

3.1 Navoi Mining and Metallurgical Combinat

3.2 Almalyk Mining and Metallurgical Complex JSC

4 Fiscal Regime

4.1 The Uzbek Mining Industry-Governing Bodies

4.1.1 State Committee of the Republic of Uzbekistan on Geology and Mineral Resources

4.2 State Committee of the Republic of Uzbekistan for Nature Protection

4.3 The Uzbek Mining Industry-Governing Laws

4.3.1 Law of the Republic of Uzbekistan On Subsoil'

4.3.2 Law of the Republic of Uzbekistan On Radiation Safety'

4.3.3 Law of the Republic of Uzbekistan On Concessions'

4.3.4 Law On Product Sharing Agreements'

4.4 The Uzbek Mining Industry-Mining Licenses

4.4.1 License for geological study

4.4.2 License to use subsoil

4.4.3 Mining allotment

4.5 The Uzbek Mining industry-Rights and Obligations

4.5.1 Rights

4.5.2 Obligations

4.6 The Uzbek Mining Industry-Key Fiscal Terms

4.6.1 Subsoil use tax

4.6.2 Excess profit tax

4.6.3 Bonus (subscription and commercial exploration)

4.6.4 Corporate tax

4.6.5 Real property tax

4.6.6 Withholding tax

4.6.7 Depreciation

4.6.8 Losses carried forward

4.6.9 Value added tax (VAT)

5 Appendix

5.1 Abbreviations

5.2 Bibliography

5.3 Secondary Research

5.4 Primary Research

5.5 Contact GlobalData

5.6 About GlobalData

5.7 GlobalData's Services

5.8 Disclaimer

1.2 List of Figures

Figure 1: Precious Metals Mining in Uzbekistan-Global Gold Reserves by Country (Tonnes), 2014

Figure 2: Precious Metals Mining in Uzbekistan-Location of Muruntau Gold Deposit

Figure 3: Precious Metals Mining in Uzbekistan-Historic and Forecast Gold Mine Production (Thousand Ounces) vs Global Gold Prices (US$/Ounce), 2000-2020

Figure 4: Precious Metals Mining in Uzbekistan-Location of Few Of the Gold Mines

Figure 5: Precious Metals Mining in Uzbekistan-Gold* Production by Major Companies, 2005-2020

1.1 List of Tables

Table 1: Precious Metals Mining in Uzbekistan-Gold Reserves and Grade by Selected Mines, 2015

Table 2: Precious Metals Mining in Uzbekistan-Historic and Forecast Gold Mine Production (Thousand Ounces), 2000-2020

Table 3: Gold Mining in Uzbekistan-Active Projects, 2015

Table 4: Gold Mining in Uzbekistan-Development Project, 2015

Table 5: Precious Metals Mining in Uzbekistan-Comparative Analysis of Major Producers, 2014

Table 6: Precious Metals Mining in Uzbekistan-Navoi Mining & Metallurgy Combinat Projects, 2015

Table 7: Precious Metals Mining in Uzbekistan-Almalyk Mining-Metallurgical Complex JSC Projects, 2015

Table 8: The Mining Industry in Uzbekistan-Subscription Bonus, 2014

Table 9: The Mining industry in Uzbekistan-Depreciation Tax Rate (%), 2014

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Navoi Mining and Metallurgical Combinat, Almalyk Mining and Metallurgical Complex JSC

Uzbekistan, historic and forecast gold production in Uzbekistan, Uzbek gold reserves, gold price, factors affecting demand for Uzbek gold, demand driver, competitive landscape, Uzbek fiscal regime

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