MOSCOW, November 15. /Dunyo IA/. President of Uzbekistan Shavkat Mirziyoyev has reviewed the development plans of state-owned enterprise “Navoiyuran” and “Uzbekistan Technological Metals Complex” JSC, reports Dunyo IA correspondent, citing Russia’s “Interfax”.

By 2030, Uzbekistan aims to increase the annual output of 16 types of critical raw materials to more than $2.7 billion. Uranium production is expected to double from 7,500 tonnes this year to 15,000 tonnes, while explored uranium reserves are planned to reach 200,000 tonnes.

The President instructed officials to accelerate projects in the critical minerals sector. In addition to the five types of products already being developed – tungsten, molybdenum, selenium, tellurium and rhenium – production of 11 more materials is to be launched, including nickel, cobalt, graphite, antimony, tin and copper.

Projects focused on the deeper processing of tungsten are expected to attract $1.1 billion in investment.

By the end of this year, the Uzbekistan Technological Metals Complex plans to launch 12 investment projects. Meanwhile, Navoiyuran will expand its geological exploration activities and create 250 new jobs.