NGMK to increase production of phosphorite
17/12/2013 13:07
NGMK to increase production of phosphorite
17/12/2013 13:07
Tashkent, Uzbekistan (UzDaily.com) -- Navoi Mining and Metallurgy Combine (NGMK) will increase production of raw phosphorite at Kyzylkum phosphorite complex up to 716,000 tonnes in the first half of 2014.
Investment project is expanding own resource base for chemical enterprise, which produce phosphorite fertilizers, Mezon.uz reported.
The plant was created at Jeroy-Sardarinskiy phosphorite field in Central Kyzylkums. Its reserves rated at 303.6 million tonnes of ore and 57.7 million tonnes of raw phosphorite.
The first line of the mining and processing complex in Kyzylkum has been launched in 1998. In January 2007, Kyzylkum phosphorite complex launches a facility on washing chloride from phosphorite ores with the capacity of 400,000 tonnes of washed calcined and 200,000 tonnes of washed dried phosphorite concentrate. This helped to cut depreciation of equipment and communications on company-producers of phosphate fertilizers.
The report said that the product is highly demanded both internal and external markets.
According to almanac “Uzbekistan2013”, Uzbekistan produce 152,600 tonnes of depreciation of equipment and communications on company-producers of phosphate fertilizers, which rose by 14,200 tonnes compared to 2011 and 2,900 tonnes compared to 2010.
Within the implementation of investment projects “Expanding existing production of enriched raw phosphate” on the base of Kyzylkum phosphate complex, NGMK and Engineering Dobersek GmbH (Germany) signed a contract on designing technology, supply of equipment, spare parts, supervision and execution of commissioning works on “turnkey” totaling US$19.96 million.
The project with total cost of US$59.95 million is implemented due to resources of NGMK for US$24.92 million and loan of the State commercial Khalq Bank (People’s Bank) of Uzbekistan in national currency for equivalent of US$35 million.
People’s Bank issued 33 billion soums due to resources, issued to increase the charter capital bank, and resources of accumulative pension system. The loan was provided for seven years with two-year grace period, under interest rate of 10% APR.
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