Participants hope Uzbekistan Uzbekistan tungsten ore and other investment projects

June 16 News Third China - Uzbekistan Economic and Trade Cooperation Forum held in Shandong Rizhao the 15th National Committee of Geology and Mineral Resources of Uzbekistan main Seats Tula Mora husband care speech at the forum.

The implementation of the National Committee of Geology and Mineral geological research in the use of underground resources and national unity policy, the implementation of mining raw materials reproduction, geological data of national unity administration. Uzbekistan after independence in many ways to consolidate its position in the international market of mineral raw material resources, 1800 has discovered the origin of many minerals, of which more than half are independent later discovered. According to expert assessments, underground mineral resources in Uzbekistan worth about $ 8 trillion. On a number of important mineral reserves, the world leader in Uzbekistan, which ranks fourth in the world of gold, potash ranked fourth in the world, ranked eighth in the world copper, uranium twelfth largest in the world, calcium phosphate Soil and kaolin is also the forefront. Gold production in Uzbekistan ranked tenth in the world, production of uranium ranked seventh in the world. Only 2.5% of the land area in Uzbekistan is well-studied and developed, it is hard to develop the mine in terms of there is a huge untapped potential. In recent years, non-traditional types of uranium has 20 potential origin and deposits, total estimated reserves of black shale type uranium to reach 122,000 tons. In recent years Uzbekistan geologists identified a number of components of uranium ore, non-ferrous and rare earth metals found in industrial ingredients. At the same time, exploration of new non-traditional uranium also has great potential, it is a good investment.

Uzbekistan proved about 40 kinds of rare metals, including niobium, tantalum, beryllium, lithium, rubidium, cesium, and a variety of rare earth materials, including packages iridium, lanthanum, iridium, protactinium, etc. (sound). These minerals are mainly located in the Tianshan Mountains, rare in Uzbekistan major metallogenic belt. It is worth mentioning that the successful implementation of the cooperation project is our industry with CGNPC Uranium Development Co., geological exploration cooperation projects with the main development of black shale type uranium separation and extraction of uranium and vanadium, uranium samples in which R & D in China We have now achieved positive results. Taking into account the current international price of uranium, our ongoing project profitability assessment.

August 18, 2014, the Chinese Ministry of Land and Mineral Resources Committee of Uzbekistan signed a memorandum of understanding on bilateral cooperation in the following areas of mineral resources in place: the common development of special subject research, drawing together the geological map, on field and laboratory studies methodology and modern technology to exchange experiences, to carry out personnel training, joint meetings and study seminars. The current study has been common in parts of the Tianshan metallogenic conditions and prospecting approach to Uzbekistan, the work by the China Geological Survey Bureau of Xi'an Center of Geological Survey and Mineral Institute of Geology and Mineral Resources of Uzbekistan jointly.

Meanwhile, for investment, we have an international conference on mining investment in Uzbekistan every year. 12 existing and upcoming projects total capital investment of over 200 million US dollars. Future priority direction of cooperation is the implementation of large-scale mining investment projects in Uzbekistan. The first phase of the analysis development cost is estimated at $ 600 million, as well as oil shale and black shale type uranium deposits, these are good investments. In addition, I hope that the participants and potential investors following some medium investment projects. For example, tungsten ore, manganese ore, wollastonite, talc, bentonite.

It should be noted that Uzbekistan has a favorable investment environment and standardize laws and regulations, full support of the state and various preferential policies, modernization of mining and processing industry, as well as developed infrastructure, high-quality personnel, labor and energy prices were relatively low.


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