Uzbekistan’s state-owned mining company, UzTMK, has initiated a significant partnership with Tethys Trans-Eurasian Gateway to boost the nation’s mining sector.
The agreement focuses on advancing the entire lifecycle of mining processes, with an emphasis on sustainable practices and high-value production of crucial raw materials like tungsten, lithium, and rare earth elements.
Key Aspects of the Partnership
- Investment Commitment: Tethys has pledged an investment of $30 million to support the project’s goals, focusing on modernizing mining methods and increasing productivity.
- Technological Collaboration: Partnerships with Istanbul Technical University and MEXT are set to provide cutting-edge technology and training programs. These collaborations will help implement green mining techniques, ensuring efficient and eco-friendly resource extraction.
- Strategic Impact: The agreement aims to elevate Uzbekistan’s industrial capabilities, making it a key player in the production of critical raw materials required for various high-tech industries.
This partnership is expected to set a benchmark for sustainable and technologically advanced mining in the region.
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