Uzbekistan mining – Seizing new opportunities

Mining industry potential for growth in Uzbekistan was presented at the 23rd CECC Mining Conference on 6 March 2023 in Toronto.

Dr. Larry Rosia, President and CEO at the Saskatchewan Polytech moderate the session focused on to maximizing Uzbekistan’s mining investment potential.

Shamsiddin Alimov, Head of Geological Survey, Ministry of Mining Industry and Geology of the Republic of Uzbekistan, shared that only 40% of the country’s potential has been explored, leaving significant room for long-term exploration programs to meet the demand of local and foreign investors.

Victor King, Senior Vice President of Exploration at B2Gold, discussed the company’s intent to invest further in the region, following their successful gold production in 2022. Meanwhile,

Evgeny Antonov, First Deputy General Director for transformation at Navoi Mining and Metallurgical Combinate, showcased the significant mining potential of Uzbekistan and outlined a series of market-oriented economic reforms recently adopted by the government to attract foreign investment and privatize state-owned assets. Mr. Antonov also presented Navoi Gold’s strategy for growing output while retaining cost leadership.

Overall, the session was packed with exciting developments and showcased the promising future of the mining industry in Uzbekistan. Uzbekistan is an attractive destination for investment and exploration, and the speakers discussed the opportunities that the country offers. They highlighted the importance of social responsibility, environmental initiatives, and talent development, as well as the need to increase the employer brand in order to attract more people from overseas. Finally, they discussed the importance of a PR campaign to promote Central Asia as a safe and attractive destination for investment.

If you’re looking for an up-and-coming region with immense mining potential, keep an eye on Uzbekistan!


MINEX Forum presents video recorded at the Conference