Uzbekistan approved the list of deposits and perspective areas for foreign investors

In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop deposits of strategically important solid minerals, including 12 gold deposits.

Potential foreign investors were invited to participate in the geological study of 111 sites prospective for noble, non-ferrous, ferrous and rare earth elements.

A list of deposits and promising areas offered to foreign investors has been approved, and the criteria for their selection have been determined by the decree. One of the selection criteria is that the deposits and promising areas shouldn’t be in the long-term state programs for the development of the Uzbek mineral resources and similar programs of Navoi and Almalyk mining and smelting plants.

It is assumed that the lists of the deposits and promising areas offered to foreign investors will be updated every five years taking into account newly obtained geological information.

In addition, a single single service for geological exploration of uranium, precious and non-ferrous metals will be created in Uzbekistan under the State Geology and Mineral Resources Committee.