Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr
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84 E&MJ; • JUNE 2014 www.e-mj.com U Z B E K G O L D in expanding production capacities. The number of mines will triple to 27 from nine now, which should move Uzbekistan into the seventh largest position, ahead of Indonesia, Ghana and perhaps Canada. According to analysts, the potential capacities of the anticipated mines could be further increased by 2025, which could push gold production to 130 mt. The country has great potential for development and a number of Indian and Chinese companies have shown interest, although most foreign miners have abandoned positions in the coun- try as a result of the huge scandals involving the Uzbek government, its colorful autocratic ruler and his jet-set- ting daughter. Alleging tax evasion and using other administrative schemes, the government expropriated assets from both Oxus Gold plc and Newmont Mining Corp. NMMC Announces Future Expansion Plans NMMC is not only a large gold miner, it also holds a monopoly on uranium in Uzbekistan. Gold production at NMMC in recent years has exceeded 60 mt, and the company recently released development plans to 2020 that could increase this figure by 25%-30%. The company believes that by 2025 it will be able to reach an output of more than 90 mt/y of gold. NMMC has four metal- lurgical plants: Navoi (HMP-1), Zaraf- shan (HMP-2), Uchkuduk (HMP-3) and Zarmitane (HMP-4). According to NMMC management, the company will invest $3.2 billion in the development of gold and uranium production between now and 2020. "This concept of development is divid- ed between six or seven projects and the realization of each one will involve the investment of $300 to $350 mil- lion," said Kuvondyk Sanakulov, CEO, NMMC. In particular, the plan will imple- ment several reconstruction projects at the Muruntau mine and rebuild min- ing equipment and the rail transport system. Muruntau is believed to be one of the world's largest open-pit gold mines with a total resource base of about 170 million oz of gold (5,200 mt). The mine is located in the Kyzyl Kum Desert of Uzbekistan and the pit COMPANY PROFILE-PAID ADVERTISEMENT U.S. Tsubaki Power Transmission LLC is a leading manufacturer and supplier of state-of-the-art power transmission and motion control products and is a global leader in roller and conveyor chain produc- tion. U.S. Tsubaki is the largest global sub- sidiary of Japan's Tsubakimoto Chain Co., which was founded in 1917. Today, Tsubaki's products are marketed in more than 70 countries. U.S. Tsubaki's corporate headquarters and main distribution ware- house are just outside of Chicago in Wheeling, IL, and it has full manufacturing facilities in Holyoke, MA, and Sandusky, OH. In addition to this it has service centers strategically located in Los Angeles, CA; Dallas, TX; Atlanta, GA; Philadelphia, PA; and Anoka, MN; Milwaukee, WI. The TSUBAKI name is synonymous with excellence in quality, dependability and cus- tomer service. An intense focus on research and development, along with constant mod- ernization of its production facilities are among the key components in Tsubaki's abil- ity to successfully meet the ever-changing needs of the marketplace. Leveraging its vast, international network of corporate and industrial resources, U.S. Tsubaki offers cus- tomers the finest power transmission prod- ucts in the world as it strives to be the "best value" supplier in the industry. Tsubaki's global presence affords the company unprecedented opportunities to market advanced new products and tech- nologies, and to utilize the intellectual assets of what it characterizes as "some of the brightest minds in business and engi- neering from around the world." This strength, combined with its continuous improvement of quality and processes, has U.S. Tsubaki poised for lasting growth now, and well into the future. U.S. Tsubaki's industrial group is current- ly comprised of four business units: the Roller Chain Division, Engineering Chain Division, Power Transmission Components Division (which includes Sprockets) and the KabelSchlepp Cable & Hose Carrier Division. The Roller Chain Division provides some of the most versatile products on the mar- ket. Tsubaki innovations have yielded popu- lar problem solvers such as selflube Lambda ® series chain, corrosion resistant Neptune ® chain, fatigue resistant Super Chains, and rugged Energy Series™ oil field chains. Attachment chains used for convey- ing a variety of products are also available in a range of configurations. U.S. Tsubaki's Engineering Chain Division starts with the high-performance base mate- rials to ensure increased wear life. They offer heavy-duty chains designed specifically to meet the demanding needs of a vast array of industries—all designed to prolong wear life under rigorous operating conditions. 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It is an ISO 9001:2000 and ISO 14000 registered company. "NMMC will begin exploring and exploit- ing a number of new deposits. The govern- ment has recently allocated $300 million to explore and mine three large gold deposits." EMJ_pg82-87_EMJ_pg82-87 6/4/14 10:33 AM Page 84