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Economy 28/08/2024 AGMK and Esan Eczacibaşi establish joint venture

AGMK and Esan Eczacibaşi establish joint venture

Tashkent, Uzbekistan (UzDaily.com) — On 27 August, a meeting was held between the leadership of Almalyk Mining and Metallurgical Complex (AGMK) and Emre Kayışoğlu, the CEO of the Turkish company Esan Eczacibaşi.

During the meeting, discussions were conducted regarding the state registration of a joint venture, LLC Yangi O’zbekiston Mining, which is being established as part of the investment project “Comprehensive Development of the Uch-Kulach Polymetallic Ore Deposit.”

At the end of the meeting, the founding documents for the joint venture LLC Yangi O’zbekiston Mining were signed.

Founded in 1978, Esan Eczacibaşi initially focused on extracting raw materials for the ceramics industry. Today, the company operates over 40 quarries for kaolin, quartz, zinc, and lead extraction and manages 8 processing plants for mineral raw materials. Esan Eczacibaşi markets more than 150 products in Türkiye and over 40 other countries.

The project for developing lead-zinc reserves at the Uch-Kulach deposit, located in the Farish district of the Jizzakh region (with an estimated total reserve value of US$100 million), is expected to be implemented using modern and efficient technologies.

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