On April 26, at the “Innoprom. Central Asia” exhibition, Deputy Minister of Mining Industry and Geology of Uzbekistan, Azam Kadirhodzhaev, declared the country plans to start lithium development projects.
“There is a large deposit of lithium in Uzbekistan — we are preparing to start mining and processing this metal in the country,” the deputy minister said.
He noted that the ministry generally considers development of the so-called “technological metals” in the country as a promising direction.
A little less than a year ago, the Uzbek President was informed about plans to establish a project office Yangi Kon (New Mine) with a charter capital of $15 million under the Reconstruction and Development Fund of Uzbekistan. The structure will implement investment projects to produce graphite, lithium, aluminium, magnesium and other rare metals.
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Uzbekistan’s portfolio of investment proposals includes development of the Shavazsay lithium deposit in the Tashkent region. Its reserves exceed 123,000 tonnes. The cost of the project is estimated at $59.5 million.
