Tashkent ( WNAM REPORT): The first phase of uranium mining at the “Jongeldi” deposit in Uzbekistan’s Navoi region will see an investment of US$214 million, according to the state enterprise Navoiuran.
Over the next three years, industrial-scale uranium extraction will be launched, with an expected annual production volume of 500 tons.
To implement the project, a trilateral agreement was signed in Paris between the French company Orano Mining, the Japanese corporation ITOCHU, and Uzbekistan’s Navoiuran.
The agreement outlines plans to commence uranium production by the end of 2025 and to intensify geological exploration as part of other joint initiatives.
Under the terms of the agreement, foreign companies will serve as the primary investors, while Navoiuran has been designated as the project’s managing operator. This approach aims to reduce production costs and integrate the project into Uzbekistan’s existing industrial infrastructure.
