Stay up to date with the latest news
Subscribe to our telegram channel
Economy
12/03/2010
Korean companies invest into Uzbekistan
Korean companies invest into Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) --
State Committee on geology and mineral resources of Uzbekistan plans to create two joint ventures in partnership with Korean enterprises on exploring tungsten fields in Samarkand region in 2010.
Shindong Resources Co. Ltd and the committee will found a joint venture to explore Sautbai and Yakhton fields with the cost of US$30 million. It is also planned to explore areas next to fields, which should expand resource base.
Uzbek body and Luxon Energy Holdings will rehabilitate Ingichka tungsten field within the US$50-million project.
Korean Geology Science Institute will carry out geological survey of gold fields and LG International will explore dioxide silicon in Navoi region. The state committee inked corresponding documents with the Korean organizations.
LATEST NEWS