State Geology Committee, Shindong Resources create new venture

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Economy 26/08/2011 State Geology Committee, Shindong Resources create new venture

State Geology Committee, Shindong Resources create new venture

Tashkent, Uzbekistan (UzDaily.com) -- State Committee of geology and mineral resources of Uzbekistan and Shindong Resources Co. Ltd (South Korea) signed agreement on creation of Uzbekistan-Korea Tungsten JV.

Uzbekistan-Korea Tungsten JV will develop tungsten deposit Sautbay in Navoi region of Uzbekistan.

The agreement on creation of Uzbekistan-Korea Tungsten JV has been signed within the visit of the Korean President Lee Myung-Bak to Uzbekistan.

Within the project, it is planned to carry out exploration at flanks of deposit to expand resource base and construct mining and enriching complex with the capacity of 1,500 enriched tungsten concentrate a year.

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