Uzbekistan's AMMC and Germany's KfW IPEX-Bank Reach $2.55 Billion Financing Agreement

en.Wedoany.com Reported - Almalyk Mining and Metallurgical Combine (AMMC) recently hosted a delegation from Germany's KfW IPEX-Bank GmbH, discussing the deepening of strategic cooperation and financing for large-scale investment projects. The delegation was led by Belgin Rudack, Chair of the Management Board of KfW IPEX-Bank GmbH, and included representatives from Euler Hermes and the German Ministry of Economics.

Accompanied by Abdulla Khursanov, Chair of the Management Board of AMMC, the delegation visited the Kalmakyr and Yoshlik I mining sites, as well as Copper Concentrator No. 3, which commenced operations on March 16 this year. The concentrator currently produces over 800 tons of copper concentrate per day, with output steadily increasing each month as design capacity is gradually realized. The plant integrates innovative solutions from global leading mining equipment manufacturers such as Metso Outotec, FLSmidth, Weir Minerals, and Siemens, and is equipped with a digital automated control system to enhance production precision and safety.

During the visit, the delegation also toured the Metallurgists' Palace of Culture and the corporate museum. In the talks, both sides discussed in detail the prospects for a new round of cooperation and joint project financing schemes. Belgin Rudack, Chair of the Management Board of KfW IPEX-Bank GmbH, affirmed the investment projects being implemented by the enterprise. In September 2023, AMMC and KfW IPEX-Bank GmbH signed a strategic mandate agreement worth $2.55 billion to provide financing organization services for the construction of a new copper smelter.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com