New smelting furnace launched at AGMK
AGMK said that new smelting furnace at copper smelting plant was launched and currently commissioning works are underway.
The cost of the project “Construction of new smelting furnace at copper smelting plant” made up US$91.59 million.
Engineering Dobersek GmbH (Germany) won the tender for construction of the smelting furnace. The project envisaged construction of smelting furnace on turnkey bases with the submerged lance with capacity of 17,000 tonnes of copper a year.
The project was financed due to own resources of AGMK for US$34.6 million, loan of Fund for Reconstruction and Development of Uzbekistan (FRDU) – US$29 million and loan of Ipoteka Bank – US$34.1 million, refinanced due to credit of Kommerzbank (Germany) at insurance coverage of Euler Hermes (Germany).