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Economy 20/12/2010 AGMK registers new emission of shares for 161.436bn soums
AGMK registers new emission of shares for 161.436bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Almalyk Mining and Metallurgy Combine OJSC (AGMK, Uzbekistan) registered prospectus of emission of shares for 161.436 billion soums. The emission is directed at increasing charter capital of the company.

In line with the emissions, AGMK will issue 87,444,809 ordinary shares and 2,242,175 preferential shares with par value of 1,800 soums each. Total sum of emission is 161,436,571,200 soums.

Shares of the emission will be placed through converting shares with lower par value with stocks of higher value. Earlier placed part of emission for 89,686,984,000 soums was paid at nominal value.

Other part for 71,749,587,200 soums will be paid due to net income of the company for 2009 and undistributed income of previous years.

Almalyk Mining and Metallurgy Combine OJSC is the largest producer of copper in Central Asia and it has right to develop several copper- molybdenic and lead-zinc deposits in Tashkent, Jizzakh and Namangan regions of Uzbekistan. The enterprise produces purified copper (cathode), including copper concentrate based on tolling and due to processing of scrap, metal zinc, lead concentrate and other products. Share of AGMK in production of silver is 90% and gold – 20% in Uzbekistan.

AGMK now has four ore mills – copper, lead-zinc and two gold producing. The enterprise has eight ore mining enterprises and two metallurgy plants. Khandiza ore mining and processing complex will become the fifth plant.

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