The Uzbekistan-Korea Tungsten joint venture will start the construction| glObserver Global Economics


The Uzbekistan-Korea Tungsten joint venture will start the construction of a tungsten mining and processing complex on the basis of the Sautbay field (Navoi region, the central part of Uzbekistan) in the second half 2016, one of the representatives of the Korean Shindong Resources Co., which is co-founder of the joint venture, said.

Sourced through Scoop.it from: globserver.cn

n August 2011, the Korean Shindong Resources Co Ltd and Uzbek National Geology Committee signed an agreement on establishing a joint venture called Uzbekistan-Korea Tungsten to develop the Sautbay tungsten deposit. The joint venture, in which the share of the Uzbek National Geology Committee is 49 %, and the share of Korean companies is 51 %, was established in 2013. The development of a bankable feasibility study for the start of financing the project will be completed before late 2015, according to the representative of the Shindong Resources.

See on Scoop.itglObserver Asia

Author: globserver

Director of Eyecom china

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