Why is this important
This statement could be an indicator of a new turn in the development of the mining industry and geological exploration. The increase in gold production contributes to the growth of export revenues, the strengthening of foreign exchange reserves, and the country’s role in the precious metals market. Increasing uranium production can have strategic importance in the energy and technological context.
Key facts
- In 2016, gold production in Uzbekistan amounted to 86 tons.
- This year, the indicator is expected to reach 118 tons.
- Uranium production doubled during the same period.
What they say
The President noted that this growth was made possible thanks to the application of new approaches in geological exploration and investments in relevant technologies.
Context
According to official statistics and WGC data, gold production in the country in 2024 amounted to approximately 129.1 tons, exceeding the 118 tons target announced by the president. This means that the figures announced by the president are either approximate or reflect preliminary data at the time of the statement.
