Navoi Mining and Metallurgy Combinat
| Company type | Joint-stock company |
|---|---|
| ISIN | UZ7057810010 |
| Industry | Mining |
| Founded | 1958 |
| Headquarters | Navoi, Uzbekistan |
Key people | Kuvondik Sanakulov, Director General |
| Products | Gold and silver products |
| Revenue | US$5.7 billion (2023) |
| Owner | Ministry of Economy and Finance of the Republic of Uzbekistan (98%) State Assets Management Agency of the Republic of Uzbekistan (2%) |
Number of employees | 46,629 (2023) |
| Website | http://www.ngmk.uz/en/ |
NMMC (English: Joint-stock company Navoi Mining & Metallurgy Company, Uzbek: Navoiy kon-metallurgiya kombinati aksiyadorlik jamiyati) is the largest Uzbek industrial enterprise, is involved in the mining industry, and is one of the top ten largest gold producers in the world. The company's most important gold ore deposits are located in the Kyzyl Kum Desert.
In 2008, the South Korean company Korea Electric Power Corporation (KEPCO) signed a contract to supply 2,600 tonnes of uranium until 2015.
In 2011, the company achieved a turnover of 3.5 billion dollars. In 2012, it employed 65,000 people. In 2013, 1,663 tonnes of uranium were delivered to China, for which Uzbekistan is the second-largest uranium supplier after Kazakhstan.
In 2014, the Nuclear Suppliers Group (NSG) signed a contract to deliver 2,000 tonnes of uranium concentrates annually to India until 2018.
The company announced its intention to Eurobond in 2022 and IPO internationally shortly thereafter.
In accordance with the decision of the Government of the Republic of Uzbekistan, from January 1, 2022, the state enterprise Navoi Mining and Metallurgical Combine was reorganized and the following enterprises were organized on its basis:
- JSC Navoi Mining and Metallurgical Combine;
- State enterprise "Navoiyuran";
- State institution "Fund of Navoi Mining and Metallurgical Combine".